Apartments Under $1,200 in Chicago, IL: November Rental Information
Welcome to the November 2024 Chicago Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the November 2024 key findings and figures for the Chicago rental landscape.
Our experts analyze the inventory trends for apartments under $1,200 — overall market rent-distribution, availability by bedroom count, and month-over-month comparisons — in Chicago and surrounding areas. This summary also provides insight into available features and amenities, as well as location options for apartments under $1,200 in Chicago.
Whether you're a student searching for an affordable studio near DePaul University or a young professional looking for a one-bedroom apartment in the bustling West Loop neighborhood, this report offers valuable information to help you find your ideal rental in Chicago.
This month, the typical cost to rent a one-bedroom apartment in Chicago stands at $1,810, with the majority falling between $990 and $3,130. Out of the 23,728 one-bedroom apartments currently on the market in Chicago, 4,202 are priced below $1,200, accounting for 18% of the total available one-bedroom units in Chicago.
Available Apartments Under $1,200: Chicago vs. Surrounding Areas