How many apartments are available in Lincoln Square on Rentable.co?

Rentable.co has over 774 apartments available near Lincoln Square.

What is the average rent for a studio apartment in Lincoln Square?

The average rent for a studio apartment near Lincoln Square is around $1,175 per month.

What is the average rent for a one-bedroom apartment in Lincoln Square?

The average rent for a one-bedroom apartment near Lincoln Square is around $1,596 per month.

What is the average rent for a two-bedroom apartment in Lincoln Square?

The average rent for a two-bedroom apartment near Lincoln Square is around $1,995 per month.

How many apartments are available in Chicago, IL on Rentable.co?

Rentable.co has over 181,800 apartments available in Chicago.

What is the average rent for a studio apartment in Chicago, IL?

The average rent for a <a href='/chicago-il/studio-apartments-for-rent' >studio apartment</a> in Chicago is around $1,390 per month.

What is the average rent for a one-bedroom apartment in Chicago, IL?

The average rent for a <a href='/chicago-il/1-bedroom-apartments-for-rent' >one-bedroom apartment</a> in Chicago is around $1,820 per month.

What is the average rent for a two-bedroom apartment in Chicago, IL?

The average rent for a <a href='/chicago-il/2-bedroom-apartments-for-rent' >two-bedroom apartment</a> in Chicago is around $2,000 per month.

How expensive is it to rent an apartment in Chicago, IL?

For a two-bedroom apartment in Chicago, the average rent price is $2,000 per month, which is higher than the national average of $1,600 per month.

Can I afford an apartment for rent in Chicago, IL?

Based on average rent prices in Chicago, to afford a <a href='/chicago-il/studio-apartments-for-rent' >studio apartment</a> you would need an annual household income of $56,000 to live comfortably.

Apartments in Lincoln Square Chicago

Chicago:
November Rent Report

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 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

Dec. 2023

Jan. 2024

Feb. 2024

Mar. 2024

Apr. 2024

May. 2024

Jun. 2024

Jul. 2024

Aug. 2024

Sep. 2024

Oct. 2024

Nov. 2024

1 BR 2 BR

Chicago Rent Prices Increase From October to November

Chicago rent prices increased over the last month. From October to November, the city experienced a 0.9% increase for the price of a one-bedroom apartment. The rent price for a Chicago one-bedroom apartments currently stands at $1,903.0.

When we take a look at the two-bedroom comparison from October to November, Chicago experienced a 0.19% increase for the price of a two-bedroom apartment. The rent price for a Chicago two-bedroom apartments currently stands at $2,139.0.

November Prices: Chicago vs. Surrounding Areas

Schaumburg, IL

Des Plaines, IL

Chicago, IL

Evanston, IL

Downers Grove, IL

Naperville, IL

Arlington Heights, IL

Oak Park, IL

$2,035

$1,935

$1,886

$1,785

$1,568

$1,420

$1,377

$1,341

$700

$1,400

$2,100

$2,800

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 4 of the Chicago suburbs increased last month. On the other hand, 3 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, Schaumburg, IL, Des Plaines, IL .
Rent decreased in Naperville, IL, Arlington Heights, IL, Downers Grove, IL.
2 suburbs are currently priced higher than the city of Chicago.
5 suburbs are currently priced lower than the city of Chicago.

November 2024 Pricing Trends: Chicago vs. National Comparisons

New York, NY

San Francisco, CA

Los Angeles, CA

Washington, DC

Chicago, IL

Columbus, OH

Minneapolis, MN

Pittsburgh, PA

$4,211

$3,115

$2,373

$2,354

$1,903

$1,338

$1,246

$1,202

$1,400

$2,800

$4,200

$5,600

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 November	1 BR M/M % Change	2 BR November	2 BR M/M % Change
Chicago, IL	$1,886.0	1.29%	$2,135.0	0.95%
Oak Park, IL	$1,341.0	1.13%	$2,010.0	7.83%
Evanston, IL	$1,785.0	1.36%	$2,270.0	3.70%
Naperville, IL	$1,420.0	-1.11%	$1,832.0	0.77%
Arlington Heights, IL	$1,377.0	-1.08%	$1,935.0	1.95%
Schaumburg, IL	$2,035.0	0.94%	$2,488.0	2.26%
Des Plaines, IL	$1,935.0	0.62%	$2,365.0	1.98%
Downers Grove, IL	$1,568.0	-0.89%	$1,790.0	0.85%

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.