Midpointe
4050-4064 W 115th St,
Chicago, IL 60655
Studio - 2 Beds | $1,205 - $1,851
Rental Market Trends in Alsip, IL
Updated September 2026
The average rent in Alsip, IL is $1,279/month.
Rent in Alsip is 23% lower than the national average rent of $1,665/month, making this one of the less expensive cities statewide.
$1,279/month
Average Rent
681 Sq Ft
Average Size
+6.4%
Change / Year
25
Available Apartments
Alsip rent varies by unit size and layout:
- Studio apartments in Alsip average per month.
- One-bedroom apartments in Alsip average $1,279 per month.
- Two-bedroom apartments in Alsip average $1,419 per month.
- Three-bedroom apartments in Alsip average $1,308 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Alsip, IL?
In the past year, rent has increased by 6.4%, which averages out to $82 more per month.
Market Trends Over Time
September 2026
2025
2026
Rent Ranges in Alsip, IL
September 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
38%
$700 - $1,000/month
46%
$1,001 - $1,500/month
15%
$1,501 - $2,000/month
0%
Above $2,000/month
What salary do I need to live comfortably in Alsip, IL?
Because the average rent in Alsip is $1,279, you’ll want to make about $4,263 per month or $51,156 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Alsip, IL compare to other nearby cities and neighborhoods?
Use the tool below to compare Alsip, IL to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
View the Alsip Area GuideCompare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
-
Crestwood
Avg Rent: $813/month
-
Merrionette Park
Avg Rent: $1,282/month
-
Oak Lawn
Avg Rent: $1,152/month
-
Worth
Avg Rent: $1,097/month
-
Blue Island
Avg Rent: $920/month
-
Chicago Ridge
Avg Rent: $970/month
-
Midlothian
Avg Rent: $925/month
Apartment Communities in Alsip We Think You'll Love
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Frequently Asked Questions
What is the average rent in Alsip?
The average rent in Alsip is $1,279 per month, which is 23.2% lower than the national average of $1,665.
Are rents going up or down in Alsip?
Rents in Alsip, IL are increasing, with prices up 6.4% year-over-year and $82 more per month.
What rent range is most common in Alsip?
In Alsip, IL, 46% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.
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.
* Percentages may not total 100 due to rounding.