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CoStar Insight

Chicago multifamily rent growth outperforms the nation as downtown sets the pace

Undersupply, slowing deliveries, robust demand keep market's fundamentals well above national trends
CoStar Analytics
January 14, 2026 | 7:19 P.M.

Chicago’s multifamily market is entering 2026 with exceptional strength, and downtown Chicago stands at the forefront, posting the highest annual rent growth of any submarket at 5.2%.

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