The scenic Arrigio park with over 100 trees and skyline views is an ideal afternoon picnic spot.
Cloud Gate at dusk
Known as the city of big shoulders, Chicago is the central heavyweight in Americas economy.
Rush University Hospital is a well-known landmark in the city.
Golfers practice their chip shots on the greens of Harborside International.

Chicago, IL Area Guide

Avg Rent

$2,062

Population

2,527,917

Renter Mix

59% Rent

Illinois’ largest lakefront city

Lakefront Nightlife Mass Transit

Bold by nature, Chicago rewards the curious. A skyline of architectural masterpieces rises above 26 miles of Lake Michigan shoreline, and everyday life unfolds across hundreds of distinct neighborhoods. Renters settle into classic greystone walk-ups just steps from Wrigley Field, while the West Loop's Fulton Market district offers converted lofts and Michelin-caliber dining on the same block. Logan Square buzzes along Milwaukee Avenue with independent restaurants and easy access to The 606 elevated trail, and Streeterville delivers sleek high-rises with sweeping lake views. The CTA's "L" train threads it all together, making car-free living not just possible but genuinely comfortable across much of the city.

The rental stock reflects Chicago's layered architectural character. Greystones and vintage three-flats define the North and West Side streetscapes, while River North and Streeterville are anchored by glass-and-steel high-rises. Townhomes and two-flat conversions fill in neighborhoods like Lincoln Park and Bucktown, and the West Loop's former warehouse district continues to produce spacious industrial lofts.

Chicago ranks as the third-most populous city in the United States, with 35 Fortune 500 companies based in the city and suburbs, including Kraft Heinz and Mondelez International. The Chicago Mercantile Exchange, the largest futures exchange in the world, calls the city home, cementing its status as a global financial center. Poet Carl Sandburg dubbed it "The City of Big Shoulders" in 1914 -- a phrase that still captures Chicago's outsized industrial and cultural ambition.

Explore the City

Known as the city of big shoulders, Chicago is the central heavyweight in Americas economy.

Rush University Hospital is a well-known landmark in the city.

Golfers practice their chip shots on the greens of Harborside International.

Red Line stops at Chicago Ave make getting around the Magnificent Mile quick and easy.

View of Chicago's famous skyline.

Chicago has evolved into financial tech hub with new companies setting up on the Chicago River.

Demographics

Median Household Income

$69,230

Average: $98,328

Education

909,087

Residents Have a Degree

Job Market

1,306,416

Workers Employed

Age Distribution
Get a sense of this area's population profile.

Median Age

37 Years

Largest Age Group

30-39 Years

Approximately 18% of Residents

Under 20

23%

Over 65

15%

Housing Distribution

Chicago has more renters than homeowners.

Renters
59%
Non-Renters
41%

Education Distribution

Review this city's overall education levels.

Bachelor's or Higher
31%
Other Education
69%

Rent Trends

As of September 2026, the average apartment rent in Chicago, IL is $1,662 for a studio, $2,061 for one bedroom, $2,581 for two bedrooms, and $3,096 for three bedrooms. Apartment rent in Chicago has increased by 4.5% in the past year.

Property Type
Average Rent
Average Sq Ft
Apartment
$2,061/month
658 Sq Ft
House
$2,824/month
1,088 Sq Ft
Condo
$2,565/month
908 Sq Ft
Townhome
$3,210/month
1,683 Sq Ft
See Rental Market Trends in Chicago, IL

Cost of Living

The cost of living in Chicago, IL is 18.3% higher than the national average. Generally, housing in Chicago is 45.3% more expensive than the national average, with rent falling between $1,662 - $3,096. You can expect to pay 4.0% more for groceries, 4.4% less for utilities, and 3.2% more for transportation.

Compare Cities

$

Learn More About Chicago

Getting Around

Somewhat Walkable

Walkability

30 / 100

Some Public Transit

Transit

40 / 100

Exceptionally Drivable

Drivability

90 / 100

Moderately Bikeable

Bikeability

60 / 100

Schools

Mayer Elementary School

Public

Grades PK-8

702 Students

Hawthorne Elementary Scholastic Academy

Public

Grades K-8

642 Students

Audubon Elementary School

Public

Grades PK-8

605 Students

Alcott College Prep

Public

Grades PK-8

557 Students

Prescott Elementary School

Public

Grades K-8

462 Students

Mayer Elementary School

Public

Grades PK-8

702 Students

Hawthorne Elementary Scholastic Academy

Public

Grades K-8

642 Students

Audubon Elementary School

Public

Grades PK-8

605 Students

Alcott College Prep

Public

Grades PK-8

557 Students

Prescott Elementary School

Public

Grades K-8

462 Students

Von Steuben Metro Science High School

Public

Grades 9-12

1,669 Students

Northside College Preparatory High School

Public

Grades 9-12

1,059 Students

Hancock College Preparatory High School

Public

Grades 9-12

1,043 Students

Chicago High School For The Arts

Public

Grades 9-12

572 Students

Phoenix Military Academy High School

Public

Grades 9-12

366 Students

Points of Interest

Parks and Recreation

  • Douglas Park and Community Center
  • McKinley Park
  • Garfield Park and Golden Dome Field House
  • Columbus Park and Field House
  • Gage Park

Airports

  • Chicago Midway International
  • Chicago O'Hare International

Top Apartments in Chicago

Houses for Rent in Chicago

Living in Chicago

History

-

Few American cities wear their past as visibly as Chicago does. The Gothic-Revival limestone of the Chicago Avenue Pumping Station -- one of the rare downtown buildings to survive the Great Chicago Fire of 1871 -- now greets visitors as the Chicago Office of Tourism. That fire destroyed several square miles, yet the population surged by 1900, making Chicago the fastest-growing city in the world at that time.

Today, that history is visible and alive. The Art Institute of Chicago, the second-largest art museum in the country, houses nearly 300,000 works including American Gothic. The Field Museum of Natural History is home to Sue, the most complete Tyrannosaurus rex skeleton ever found, while the Museum of Science and Industry anchors Hyde Park on the South Side. The DuSable Black History Museum in Washington Park traces the deep roots of African American life in the city, and The Second City comedy theater continues a tradition of performance that has shaped American comedy for decades.

Restaurants

-

Dining in Chicago carries real weight: the city claims 26 Michelin-starred restaurants, including two that hold the coveted three-star designation -- Smyth and Alinea, both focused on modern American cuisine. The classics matter just as much, though. Chicago-style hot dogs, served on a poppy seed bun with a beef frank and a strict no-ketchup policy, and deep-dish pizza with its thick, buttery crust are as embedded in the city's identity as the "L" train. Tavern-style pizza, a cracker-thin square-cut variation, also traces its origins here.

Neighborhoods add their own flavors to the mix. The Grant Park tradition of the Taste of Chicago food festival draws crowds each summer, offering a sweeping tour of the city's dining scene in one sprawling outdoor setting.

Transportation

-

Getting around Chicago without a car is a genuine option for most residents. The CTA's "L" train system runs eight color-coded lines connecting neighborhoods to the downtown Loop, with two lines extending directly to O'Hare International Airport and Midway Airport. An extensive CTA bus network fills the gaps between train lines, providing citywide coverage. For commuters heading beyond city limits, Metra commuter rail reaches Naperville, Aurora, Elgin, Kenosha, and Joliet.

Drivers use I-90 (the Kennedy Expressway) as the main corridor between O'Hare and downtown, while I-290 and I-55 serve as parallel east-west routes. Lake Shore Drive runs along the lake, connecting neighborhoods to beaches and parks. Chicago's dedicated bike lanes, the nearly 18-mile Chicago Lakefront Trail, and the Divvy bike-share program with hundreds of stations citywide give cyclists strong infrastructure throughout the city. Union Station serves as Amtrak's flagship Midwest hub, and O'Hare connects nonstop to 270 domestic and international destinations.

Parks

-

Millennium Park anchors the lakefront experience with Cloud Gate, the reflective steel sculpture known citywide as "The Bean," alongside the Jay Pritzker Pavilion outdoor concert venue and a seasonal ice-skating rink. Just south, Grant Park serves as the city's open-air living room, home to Buckingham Fountain, one of the world's largest fountains, and the site of major annual events including the Taste of Chicago and Lollapalooza.

Lincoln Park stretches along the North Side with tree-lined paths and the Lincoln Park Zoo, which offers free admission year-round along with seasonal programming like Zoo Lights during the winter holidays. The lakefront itself extends for roughly 18 miles of trail, with beaches like Oak Street Beach and 12th Street Beach drawing swimmers and sunbathers in summer. The 606, an elevated greenway converted from a former rail corridor in Logan Square, gives cyclists, runners, and walkers a traffic-free route through several neighborhoods. Each August, the Chicago Air and Water Show draws large crowds to the lakefront, turning the shoreline into a natural amphitheater.

Cost

-

Renting in Chicago sits above both the state and national baselines. The overall cost of living runs about 18 percent above the national average, with housing costs registering notably higher than that benchmark. Grocery prices run slightly above the national average, while utilities come in a bit below it. Healthcare and miscellaneous expenses also track above average. The most common rent range in the city falls between $1,662 and $3,120 per month depending on unit size, and the median household income is $69,230.

Shopping

-

Michigan Avenue's Magnificent Mile packs more than 400 stores into several walkable blocks, from major department stores and designer boutiques to multilevel urban retail centers. Water Tower Place, a six-story indoor shopping destination that has anchored the strip since 1975, stands beside the historic Water Tower and draws consistent foot traffic year-round. For those who want to avoid the weather entirely, the Chicago Pedway offers a six-mile network of underground and indoor walkways linking major downtown retail hubs.

Outside downtown, Wicker Park and Bucktown along Milwaukee Avenue offer a different kind of retail rhythm, with independent boutiques, vintage clothing shops, and local designers occupying storefronts that give the strip its own identity. Logan Square leans eclectic with a mix of small shops and creative vendors. Throughout summer and fall, the Chicago Farmers Market program brings fresh produce and artisan goods to multiple locations, including popular gatherings at Daley Plaza and Logan Square.

Highlights

-

From the reflective curves of Cloud Gate in Millennium Park and 18 miles of lakefront trail to 26 Michelin-starred restaurants, Chicago delivers the scale and variety of a world-class city alongside a transit network and architectural character that make daily life here genuinely rewarding.

Search Nearby Rentals

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in September 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.