Old Town

Chicago, IL

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Old Town - Chicago, IL Area Guide

Old Town is full of diversity – and one cool comedy district!

Historic Architecture Lively Eclectic Diverse Culture Illinois

The historic neighborhood of Old Town is located in the North Side of Chicago, adjacent to Lincoln Park. Its buildings date back to the Victorian era, but the pace is anything but old-fashioned.

Old Town is lively both day and night – residents enjoy the cool, eclectic shops as well as rustic taverns along Wells Street. When you first step into the community, you’ll probably notice the iron “Old Town” sign. You’ll also discover the diversity here, both in food and culture. The comedy zone is a great place to go for a good laugh – check out the Second City or Zanies Comedy Club for weekly shows.

In addition to the eclectic shops along Wells Street, residents find comfort in the local market where they can purchase fragrant spices, imported oils, and blended wines. Many family-owned restaurants reside here - from pizza parlors to steakhouses and sushi.

Rent Trends

As of April 2026, the average apartment rent in Old Town is $2,560 for a studio, $3,008 for one bedroom, $4,135 for two bedrooms, and $5,946 for three bedrooms. Apartment rent in Old Town has increased by 5.0% in the past year.

  • Studio

  • 617 sq ft

    Average Sq Ft

  • $2,560/month

    Average Rent

  • 1 BR

  • 731 sq ft

    Average Sq Ft

  • $3,008/month

    Average Rent

  • 2 BR

  • 1,015 sq ft

    Average Sq Ft

  • $4,135/month

    Average Rent

  • 3 BR

  • 1,457 sq ft

    Average Sq Ft

  • $5,946/month

    Average Rent

Getting Around

Exceptionally Walkable

Walkability

100 / 100

Exceptional Public Transit

Transit

90 / 100

Fairly Drivable

Drivability

40 / 100

Very Bikeable

Bikeability

80 / 100

Daily Essentials

Supermarket Within a 5 Minute Walk

Groceries

90 / 100

Exceptional Restaurant Variety Nearby

Restaurants

90 / 100

Exceptional Café Variety Nearby

Cafes

90 / 100

Exceptional Variety of Shops Nearby

Shopping

100 / 100

Recreation

Very Large Amount of Park Space Nearby

Parks

80 / 100

Great Wellness Amenity Variety Nearby

Wellness

80 / 100

Local Vibe

Exceptionally Vibrant Atmosphere

Vibrancy

90 / 100

Exceptional Nightlife Variety Nearby

Nightlife

90 / 100

Somewhat Noisy

Quiet Score

80 / 100

Points of Interest

Top Apartments in Old Town

Houses for Rent in Old Town

Property Management Companies

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 February 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.