Apartments in Morgan Park Chicago

1 - 30 of 40 Results
20
$3,495
1326 Meadow Ln Unit Ahfs Chicago, IL
5 BR | Available Now
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Dog Friendly
Cat Friendly
House
Surface Parking
Balcony/Deck/Patio
4
$1,500
Chicago, IL
1 BR | Available Now
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Storage
Morgan Park
8
$2,791
11110-11118 S Homewood Ave Chicago, IL
2 BR | Ask for Availability
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Storage
Morgan Park
3
$1,400
Chicago, IL
2 BR | Available Now
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Air Conditioning
In Unit Laundry
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Morgan Park
3
$1,500 - 2,278
2040 W 111th St Chicago, IL
Studio - 1 BR | Available Now
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Dog Friendly
Cat Friendly
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Disability Access
Morgan Park
8
$1,450
Chicago, IL
2 BR | Available Now
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In Unit Laundry
Balcony/Deck/Patio
Storage
Morgan Park
4
$1,700 - 2,100
Chicago, IL
2 - 3 BR | Available Now
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Dog Friendly
Storage
Morgan Park
8
$1,440 - 1,500
2324 W 111th St Chicago, IL
Studio - 1 BR | Available Now
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Disability Access
Morgan Park
0
$1,150
Blue Island, IL
1 BR | Ask for Availability
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8
$1,200
10627-33 S Hale Ave Chicago, IL
1 BR | Available Now
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Beverly
8
$2,350
Chicago, IL
3 BR | Available Now
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Dishwasher
Morgan Park
$2,350 - 3,553
Chicago, IL
3 BR | Ask for Availability
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Morgan Park
9
$1,390 - 1,500
Chicago, IL
1 BR | Available Now
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Storage
Beverly
$1,100
10522-28 S Walden Pkwy Chicago, IL
2 BR | Available Now
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Beverly
6
$1,500 - 1,700
Chicago, IL
1 - 2 BR | Available Now
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Storage
Beverly
10
$1,795
Chicago, IL
2 BR | Jul. 5, 2024
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Dog Friendly
Cat Friendly
Morgan Park
1
$1,700
Chicago, IL
2 BR | Available Now
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Balcony/Deck/Patio
Storage
Beverly
3
$1,750
Chicago, IL
2 BR | Available Now
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Heat Included
Dog Friendly
Cat Friendly
Storage
Disability Access
$1,550
Chicago, IL
2 BR | Available Now
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Dishwasher
Beverly
$5,000
Chicago, IL
5 BR | Available Now
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House
Beverly
6
$1,700
Chicago, IL
2 BR | Available Now
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Balcony/Deck/Patio
Beverly
5
$1,700
Chicago, IL
2 BR | Available Now
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Beverly
12
$1,700
10320 S Walden Pkwy Chicago, IL
2 BR | Available Now
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Dog Friendly
Cat Friendly
Storage
Beverly
2
$795 - 900
12500 S Lincoln St Calumet Park, IL
Studio - 1 BR | Ask for Availability
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Dog Friendly
Cat Friendly
Storage
Disability Access
2
$795 - 925
12510 S Lincoln St Calumet Park, IL
Studio - 1 BR | Ask for Availability
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Storage
Disability Access
14
$850
Calumet Park, IL
1 BR | Available Now
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Storage
8
$1,050
Calumet Park, IL
1 BR | Available Now
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27
$3,500
Chicago, IL
4 BR | Available Now
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House
Dishwasher
Beverly
14
$1,600
12408 S Carpenter St Calumet Park, IL
2 BR | Available Now
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Dog Friendly
House
Storage
8
$715
2250 Burr Oak Ave Blue Island, IL
Studio | Available Now
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Surface Parking
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1 - 30 of 40 Results
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Chicago:
May Rent Report

Welcome to the May 2024 Chicago Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2024 key findings and figures for the Chicago rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Chicago and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Chicago average rent prices in the chart below.

Monthly Rent Report

$2,350
$1,760
$1,180
$590
$0
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
1 BR       2 BR

Chicago Rent Prices Increase From April to May

Chicago rent prices increased over the last month. From April to May, the city experienced a 1.06% increase for the price of a one-bedroom apartment. The rent price for a Chicago one-bedroom apartments currently stands at $1,913.0.

When we take a look at the two-bedroom comparison from April to May, Chicago experienced a 1.31% increase for the price of a two-bedroom apartment. The rent price for a Chicago two-bedroom apartments currently stands at $2,251.0.

May Prices: Chicago vs. Surrounding Areas

Des Plaines, IL
Chicago, IL
Schaumburg, IL
Evanston, IL
Lombard, IL
Naperville, IL
Arlington Heights, IL
Oak Park, IL
$1,901
$1,893
$1,868
$1,822
$1,621
$1,437
$1,437
$1,265
$0
$650
$1,300
$1,950
$2,600
Median 1 BR Rent

Rent Prices in Chicago and Surrounding Areas

Rent prices have increased in Chicago over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 6 of the Chicago suburbs increased last month. On the other hand, 1 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Oak Park, IL, Evanston, IL, Arlington Heights, IL, Lombard, IL, Schaumburg, IL, Des Plaines, IL .

  • Rent decreased in Naperville, IL.

  • 7 suburbs are currently priced lower than the city of Chicago.

May 2024 Pricing Trends: Chicago vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
$4,056
$3,039
$2,377
$2,336
$1,913
$1,300
$1,283
$1,178
$0
$1,350
$2,700
$4,050
$5,400
Median Rent

Chicago Rent Prices More Affordable Than Major Cities

Rent growth in Chicago over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Chicago average rent prices appear to be relatively affordable for local residents.

The price for a Chicago one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Chicago and surrounding area rent prices, take a look at the complete data set below.

Data set for Chicago and suburbs

1 BR May 1 BR M/M % Change 2 BR May 2 BR M/M % Change
Chicago, IL $1,893.0 1.45% $2,222.0 1.74%
Naperville, IL $1,437.0 -0.35% $1,842.0 0.11%
Oak Park, IL $1,265.0 0.56% $1,757.0 -0.73%
Evanston, IL $1,822.0 1.50% $1,968.0 1.92%
Arlington Heights, IL $1,437.0 2.21% $1,875.0 0.11%
Lombard, IL $1,621.0 1.95% $1,975.0 1.86%
Schaumburg, IL $1,868.0 4.42% $2,407.0 6.88%
Des Plaines, IL $1,901.0 6.20% $2,166.0 5.45%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.