Apartments in Hegewisch Chicago

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$1,500
4000 E 134Th St Chicago, IL
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Hegewisch
Dog Friendly
Cat Friendly
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6
$790 - 925
1573 State St Calumet City, IL
Studio - 1 BR | Available Now
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$2,182
Chicago, IL
3 BR | Ask for Availability
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Hegewisch
10
$1,100
Hammond, IN
2 BR | Available Now
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5
$1,350
Hammond, IN
2 BR | Available Now
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12
$1,200
Calumet City, IL
2 BR | Available Now
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Disability Access
14
$1,600
Hammond, IN
3 BR | Available Now
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West Calumet
13
$1,150
Whiting, IN
2 BR | Available Now
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14
$1,150
Whiting, IN
2 BR | Available Now
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Chicago:
June Rent Report

Welcome to the June 2024 Chicago Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the June 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
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
1 BR       2 BR

Chicago Rent Prices Decrease From May to June

Chicago rent prices decreased over the last month. From May to June, the city experienced a -0.42% decrease for the price of a one-bedroom apartment. The rent price for a Chicago one-bedroom apartments currently stands at $1,905.0.

When we take a look at the two-bedroom comparison from May to June, Chicago experienced a 0.22% increase for the price of a two-bedroom apartment. The rent price for a Chicago two-bedroom apartments currently stands at $2,256.0.

June Prices: Chicago vs. Surrounding Areas

Des Plaines, IL
Schaumburg, IL
Chicago, IL
Evanston, IL
Lombard, IL
Arlington Heights, IL
Naperville, IL
Oak Park, IL
$1,976
$1,962
$1,913
$1,846
$1,649
$1,515
$1,448
$1,273
$0
$650
$1,300
$1,950
$2,600
Median 1 BR Rent

Rent Prices in Chicago and Surrounding Areas

Rent prices have decreased 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 7 of the Chicago suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

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

  • Rents did not decrease in any of the Chicago suburbs.

  • 2 suburbs are currently priced higher than the city of Chicago.

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

June 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
$4,132
$3,030
$2,390
$2,331
$1,905
$1,353
$1,259
$1,203
$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 declining. 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 June 1 BR M/M % Change 2 BR June 2 BR M/M % Change
Chicago, IL $1,913.0 1.06% $2,251.0 1.31%
Naperville, IL $1,448.0 0.77% $1,838.0 -0.22%
Oak Park, IL $1,273.0 0.63% $1,713.0 -2.50%
Evanston, IL $1,846.0 1.32% $2,065.0 4.93%
Arlington Heights, IL $1,515.0 5.43% $1,886.0 0.59%
Lombard, IL $1,649.0 1.73% $1,962.0 -0.66%
Schaumburg, IL $1,962.0 5.03% $2,499.0 3.82%
Des Plaines, IL $1,976.0 3.95% $2,229.0 2.91%

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.