14,942

Luxury Homes for Rent in Chicago, IL

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  • /4

    $58,000 Per Month

    • 2 Beds
    • 2 Baths
    • 14,575 Sq Ft
    • Condo for Rent

    6858 S Halsted St, Chicago, IL 60621

    ***ATTENTION: CALLING ALL FRANCHISE FANS AND FOLLOWERS***SERIOUS POWERHOUSE INCOME GENERATION PROPERTY POTENTIALS***Commercial property for rent or sale, NNN lease preferred, but not required. Busy corner lot, ideal for NNN franchises, gas station, motel, corner convenience stores, or combined business/residential. Heavy corner traffic, public transportation, foot traffic, and Divvy.

    6858 S Halsted St, Chicago, IL 60621
  • /66

    $50,000 Per Month

    • 5 Beds
    • 7 Baths
    • 7,700 Sq Ft
    • Condo for Rent

    175 E Delaware Place Unit 9210, Chicago, IL 60611

    Introducing one of Chicago's most extraordinary trophy penthouse residences, a remarkable 92nd-floor home in the legendary John Hancock Center commanding uninterrupted 360-degree views of Lake Michigan, the skyline, and beyond. There is simply no other home in Chicago like this. Rising 1,010 feet above Michigan Avenue within one of the world's most architecturally significant buildings,

    Carrie McCormick @properties Christie's International Real Estate

    175 E Delaware Place Unit 9210, Chicago, IL 60611
  • /50

    Starting at $2,258 Per Month

    • Studio - 4 Beds

    369 W Grand Ave, Chicago, IL 60654

    A soaring 41 stories, 369 Grand offers convertible – 3 bedroom apartments with expansive views, refined interiors, and striking architectural design. Live in luxury with a brilliantly appointed lobby, 24-hour concierge, over 30,000 sq.ft. of unparalleled indoor and outdoor amenity spaces, industry-leading health and wellness programs, remarkable hospitality-style services, and more. This is River

    369 Grand by Onni

    369 W Grand Ave, Chicago, IL 60654
  • /50

    $35,000 Per Month

    • 5 Beds
    • 5.5 Baths
    • 10,000 Sq Ft
    • House for Rent

    1355 N Astor St, Chicago, IL 60610

    Presenting an unparalleled opportunity to live in one of Chicago's most distinguished estates - an historic residence set on along the Gold Coast's prestigious Astor Street. A true masterpiece, this fully furnished home spans an impressive 80 feet across and embodying Chicago's rich architectural heritage. At the center lies an exceptional private courtyard meticulously landscaped with formal

    Emily Sachs Wong @properties Christie's International Real Estate

    1355 N Astor St, Chicago, IL 60610
  • /54

    $34,000 Per Month

    • 5 Beds
    • 4.5 Baths
    • 5,664 Sq Ft
    • House for Rent

    441 W Deming Place, Chicago, IL 60614

    Perfectly positioned on a quiet tree-lined block just steps fromthe lakefront and adjacent to the iconic 2550 Lakeview, 441 West Deming Place is a rare and exceptional single family residence quality in this East Lincoln Park residence with premium amenities.This elegant home offers the scale, privacy and the presence of a single family with the extra security 2550 offers. Centrally situated on

    Melinda Jakovich-Lagrange Compass

    441 W Deming Place, Chicago, IL 60614
  • /36

    $32,500 Per Month

    • 3 Beds
    • 3.5 Baths
    • 3,662 Sq Ft
    • Condo for Rent

    451 E Grand Ave Unit 6012, Chicago, IL 60611

    Welcome to Residence 6012 at One Bennett Park, a meticulously crafted, high-floor home by Robert A.M. Stern Architects, set above Chicago's lakefront with spectacular East, North, and South views of the lake, river, and city. This expansive 3-bedroom + office/wet bar, half-floor residence showcases 11' ceilings, refined custom millwork, and a seamless blend of elegance and modern comfort. A

    Brant Booker Jameson Sotheby's Intl Realty

    451 E Grand Ave Unit 6012, Chicago, IL 60611
  • /20

    $32,009

    Total Monthly Price

    • 6 Beds
    • 4 Baths
    • Condo for Rent

    215 W Lake St Unit SI ID1029643P, Chicago, IL 60606

    The advertised rate of $32,010/month is the lowest available price, based on a 30 day(s) stay with a move-in date of January 4, 2027.Rates vary depending on the duration of stay, season, and other parameters. For exact pricing and additional pricing components, please visit our website and enter your desired move-in and move-out dates. The rate is applicable when billed upfront; it can be

    215 W Lake St Unit SI ID1029643P, Chicago, IL 60606
  • /20

    $28,406

    Total Monthly Price

    • 8 Beds
    • 8 Baths
    • Condo for Rent

    29 S Lasalle St Unit SI ID1029598P, Chicago, IL 60603

    The advertised rate of $28,406/month is the lowest available price, based on a 30 day(s) stay with a move-in date of January 9, 2027.Rates vary depending on the duration of stay, season, and other parameters. For exact pricing and additional pricing components, please visit our website and enter your desired move-in and move-out dates. The rate is applicable when billed upfront; it can be

    29 S Lasalle St Unit SI ID1029598P, Chicago, IL 60603
  • /19

    $25,000 Per Month

    • 5 Beds
    • 8 Baths
    • 6,860 Sq Ft
    • Condo for Rent

    270 E Pearson St Unit 701-801, Chicago, IL 60611

    Introducing a truly one-of-a-kind duplex in one of the city's premiere boutique buildings. Located across from Lakeshore Park and steps from the lakefront, this homes offers spectacular views of the city, park, lake, and Navy Pier. Enjoy over 6800 sq. ft. of expansive living and entertaining spaces along with 3 terraces, five en-suite bedrooms, a study, and a lounge/bar. This incredible space

    Caroline Druker Baird & Warner

    270 E Pearson St Unit 701-801, Chicago, IL 60611
  • /102

    $24,922

    Total Monthly Price

    • 9 Beds
    • 6 Baths
    • Condo for Rent

    365 N Halsted St Unit GO ID1029586P, Chicago, IL 60661

    The advertised rate of $24,922/month is the lowest available price, based on a 30 day(s) stay with a move-in date of January 9, 2027.Rates vary depending on the duration of stay, season, and other parameters. For exact pricing and additional pricing components, please visit our website and enter your desired move-in and move-out dates. The rate is applicable when billed upfront; it can be

    365 N Halsted St Unit GO ID1029586P, Chicago, IL 60661
  • /80

    $24,000 Per Month

    • 5 Beds
    • 7 Baths
    • 7,500 Sq Ft
    • House for Rent

    1318 N Astor St, Chicago, IL 60610

    Few addresses in Chicago hold the prestige of Astor Street, and this single-family newly renovated FURNISHED ONLY greystone delivers in every way. Set in the heart of the Gold Coast, the home's stately Romanesque facade, designed in the style of American architect Charles M. Palmer, rises behind mature trees, a wrought-iron fence, and timeless curb appeal. Spanning nearly 7,500 square feet with 5

    Jennifer Owen @properties Christie's International Real Estate

    1318 N Astor St, Chicago, IL 60610
  • /44

    $22,000 Per Month

    • 3 Beds
    • 3.5 Baths
    • 2,900 Sq Ft
    • Condo for Rent

    435 N Michigan Ave Unit 401, Chicago, IL 60611

    Sought after, coveted 4th floor unit with soaring 12 FT ceilings. Beautiful, historically significant and architecturally important building has one of the few protected views as you look through the historic oversized gothic windows; a constant reminder of exactly where you live, a masterpiece. Unit 401's location within Tribune Tower couldn't be more ideal due to the proximity to all amenity

    Chris Katsulis THE NAV AGENCY

    435 N Michigan Ave Unit 401, Chicago, IL 60611
  • /20

    $21,881

    Total Monthly Price

    • 6 Beds
    • 5 Baths
    • Condo for Rent

    730 N Milwaukee Ave Unit SI ID1029583P, Chicago, IL 60642

    The advertised rate of $21,882/month is the lowest available price, based on a 30 day(s) stay with a move-in date of January 9, 2027.Rates vary depending on the duration of stay, season, and other parameters. For exact pricing and additional pricing components, please visit our website and enter your desired move-in and move-out dates. The rate is applicable when billed upfront; it can be

    730 N Milwaukee Ave Unit SI ID1029583P, Chicago, IL 60642
  • /41

    $21,500 Per Month

    • 5 Beds
    • 5.5 Baths
    • House for Rent

    38 E Elm St, Chicago, IL 60611

    Rare opportunity to live in an exceptional 5 bedroom, 5.1 bath single family residence on one of the Gold Coast's most coveted tree lined streets. This meticulously maintained 1920s home seamlessly blends timeless architectural character with refined modern updates, featuring exquisite millwork, soaring ceilings, and elegant living spaces throughout. A dramatic two story living room with

    Luke Sandler @properties Christie's International Real Estate

    38 E Elm St, Chicago, IL 60611
  • /63

    $20,000 Per Month

    • 6 Beds
    • 7 Baths
    • 5,539 Sq Ft
    • House for Rent

    3711 N Magnolia Ave, Chicago, IL 60613

    Situated in the Southport Corridor neighborhood within the exceptional Blaine Elementary district, this just-completed, architecturally striking residence on a 30' wide lot delivers a full, ground-up reconstruction behind its original granite and stone facade, offering a thoughtfully designed floor plan with all-new, custom finishes throughout. Spanning approximately 5,539 square feet across four

    Juliana Yeager @properties Christie's International Real Estate

    3711 N Magnolia Ave, Chicago, IL 60613
  • /33

    Starting at $2,172

    Total Monthly Price

    • Studio - 2 Beds

    1401 S State St, Chicago, IL 60605

    At 1401 S. State, our apartments strike the perfect balance between stunning and functional. Enjoy spectacular views in every direction and quickly gain an entirely new perspective on the best of Chicago living. Call today for more information!

    1401 S. State

    1401 S State St, Chicago, IL 60605
  • /38

    $19,000 Per Month

    • 1 Bed
    • 1.5 Baths
    • 893 Sq Ft
    • Condo for Rent

    464 W 44th St Unit 1013, Chicago, IL 60609

    Experience refined beachfront living at the iconic 1 Hotel South Beach in this spacious 1-bedroom, 1.5-bathroom residence offering stunning ocean views. Thoughtfully designed interiors create a sophisticated and comfortable retreat in the heart of Miami Beach. Enjoy breathtaking South Beach scenery from your private residence while taking advantage of exceptional resort-style amenities, including

    Marco Tine Serhant

    464 W 44th St Unit 1013, Chicago, IL 60609
  • /43

    Starting at $3,079 Per Month

    • 1 - 3 Beds

    750 N Hudson Ave, Chicago, IL 60654

    The Hudson Apartments, at 750 N Hudson St, is located in the River North neighborhood of Chicago.AN ELEVATED LIVING EXPERIENCEThis 25-story development in Chicago's River North District, features distinctively designed homes that offer residents a new level of luxury. Functional floor plans are complemented by a private balcony in every home, providing fresh outdoor living. Enjoy

    The Hudson

    750 N Hudson Ave, Chicago, IL 60654
  • /86

    $18,100

    Total Monthly Price

    • 6 Beds
    • 6 Baths
    • Condo for Rent

    1044 W Van Buren St Unit SI ID1029648P, Chicago, IL 60607

    The advertised rate of $18,101/month is the lowest available price, based on a 30 day(s) stay with a move-in date of January 9, 2027.Rates vary depending on the duration of stay, season, and other parameters. For exact pricing and additional pricing components, please visit our website and enter your desired move-in and move-out dates. The rate is applicable when billed upfront; it can be

    1044 W Van Buren St Unit SI ID1029648P, Chicago, IL 60607
  • /60

    $18,000 Per Month

    • 6 Beds
    • 6 Baths
    • House for Rent

    3514 N Leavitt St, Chicago, IL 60618

    Unique opportunity to rent this absolutely exquisite and beautifully appointed single family home on one of the best 1 way streets in Roscoe Village on a 30' wide lot! This 2015 construction all brick home boasts 4 level of living including 3 outdoor spaces, 6 bedrooms (4 up), 2 laundry rooms, 3 car heated garage and more. The home can be rented fully or partially furnished, or empty. This near

    Elena Theodoros-Tamillo @properties Christie's International Real Estate

    3514 N Leavitt St, Chicago, IL 60618
  • /55

    Starting at $4,495 Per Month

    • 1 - 3 Beds

    164 N Peoria St, Chicago, IL 60607

    At The Row Fulton Market, you’re at the center of everything the neighborhood has to offer and everything it will become. Welcome to the VIP-section: the center of the momentum, the pinnacle of the city, and the very best of Chicago.

    The Row Fulton Market

    164 N Peoria St, Chicago, IL 60607
  • /30

    $16,500 Per Month

    • 3 Beds
    • 3 Baths
    • 2,754 Sq Ft
    • Condo for Rent

    180 E Pearson St Unit 3807, Chicago, IL 60611

    Stunning views!!! Extraordinary service. Come home to this luxurious unit above the Ritz Carlton Hotel. Wrap yourself in the Chicago skyline as each room captures stunning views of the lake, city and extraordinary sunsets from oversized windows. Entertaining is a dream with a spacious living room that spans nearly 30' and a quick dial to the Ritz Carlton Hotel can have a party started instantly!

    Denise Salazar Coldwell Banker Realty

    180 E Pearson St Unit 3807, Chicago, IL 60611
  • /37

    $16,500 Per Month

    • 3 Beds
    • 3 Baths
    • 2,975 Sq Ft
    • Condo for Rent

    180 E Pearson St Unit 4706, Chicago, IL 60611

    Views! Views! Views! Watch the attached video of your new home and live in a magnificently renovated, ultra-luxurious 47th floor, south-facing residence above the Ritz Carlton Hotel-2975 square foot-3 true bedrooms / 3 bathroom residence frames spectacular postcard views of the Lake, Navy Pier and Chicago skyline from oversized windows equipped with motorized solar shades. Spacious floor plan

    Michael Rosenblum Berkshire Hathaway HomeServices Chicago

    180 E Pearson St Unit 4706, Chicago, IL 60611
  • /20

    $16,112

    Total Monthly Price

    • 6 Beds
    • 6 Baths
    • Condo for Rent

    1125 W Van Buren St Unit SI ID1029595P, Chicago, IL 60607

    The advertised rate of $16,113/month is the lowest available price, based on a 30 day(s) stay with a move-in date of January 9, 2027.Rates vary depending on the duration of stay, season, and other parameters. For exact pricing and additional pricing components, please visit our website and enter your desired move-in and move-out dates. The rate is applicable when billed upfront; it can be

    1125 W Van Buren St Unit SI ID1029595P, Chicago, IL 60607
  • /84

    Starting at $2,300

    Total Monthly Price

    • Studio - 3 Beds

    1114 W Carroll Ave, Chicago, IL 60607

    Flora Fulton Market is a modern luxury apartment community in Chicago that blends comfort, hospitality, and vibrant city living in the heart of Fulton Market. Residents enjoy premium amenities including rooftop pool views, spa facilities, social lounges, green spaces, and easy access to dining, nightlife, and public transit.

    Flora

    1114 W Carroll Ave, Chicago, IL 60607
  • /54

    $15,000 Per Month

    • 4 Beds
    • 6 Baths
    • 4,300 Sq Ft
    • House for Rent

    45 E Division St, Chicago, IL 60610

    The Peregrine House | LUXURY FURNISHED EXECUTIVE RESIDENCE | CHICAGO GOLD COAST Experience one of Chicago's finest LUXURY FULLY FURNISHED RESIDENCES in the heart of the historic GOLD COAST. The Peregrine House is a beautifully appointed 4,000-SQUARE-FOOT SINGLE-FAMILY HOME offering the rare combination of PRIVACY, GENEROUS LIVING SPACE, and SOPHISTICATED DESIGN. Designed for both everyday living

    Matt Mercer Gold Coast Realty Chicago

    45 E Division St, Chicago, IL 60610
  • /10

    $14,000

    Total Monthly Price

    • 3 Beds
    • 2 Baths
    • 2,040 Sq Ft
    • Condo for Rent

    363 E Wacker Dr Unit 5001, Chicago, IL 60601

    Experience luxury living at its finest in the iconic St. Regis! This freshly painted 3-bedroom, 2-bathroom residence perched high on the 50th floor offers breathtaking, panoramic city and water views from a coveted southwest corner position. The expansive, light-filled layout delivers seamless elegance throughout. Residents enjoy world-class living with exclusive, private resident amenities on

    363 E Wacker Dr Unit 5001, Chicago, IL 60601
  • /35

    $13,961

    Total Monthly Price

    • 4 Beds
    • 4 Baths
    • Condo for Rent

    45 E Chicago Ave Unit GO ID1029590P, Chicago, IL 60611

    The advertised rate of $13,962/month is the lowest available price, based on a 30 day(s) stay with a move-in date of January 9, 2027.Rates vary depending on the duration of stay, season, and other parameters. For exact pricing and additional pricing components, please visit our website and enter your desired move-in and move-out dates. The rate is applicable when billed upfront; it can be

    45 E Chicago Ave Unit GO ID1029590P, Chicago, IL 60611
  • /90

    Starting at $2,643

    Total Monthly Price

    • Studio - 3 Beds

    111 W Wacker Dr, Chicago, IL 60601

    At OneEleven, every day counts. Located at 111 West Wacker Drive, our brand new apartments feature floor-to-ceiling windows with river views that create a breathtaking scene. Generous floor plans reveal the high-minded design and finish of the open layouts. Club OneEleven features expansive private amenities with an array of indulgences including a fitness center, spa pool, signature outdoor

    OneEleven

    111 W Wacker Dr, Chicago, IL 60601
  • /20

    $13,344

    Total Monthly Price

    • 4 Beds
    • 4 Baths
    • Condo for Rent

    1314 W Randolph St Unit SI ID1029645P, Chicago, IL 60607

    The advertised rate of $13,345/month is the lowest available price, based on a 30 day(s) stay with a move-in date of January 9, 2027.Rates vary depending on the duration of stay, season, and other parameters. For exact pricing and additional pricing components, please visit our website and enter your desired move-in and move-out dates. The rate is applicable when billed upfront; it can be

    1314 W Randolph St Unit SI ID1029645P, Chicago, IL 60607
  • /20

    $13,266

    Total Monthly Price

    • 7 Beds
    • 4 Baths
    • 4,499 Sq Ft
    • Condo for Rent

    2630 S Throop St Unit SI ID1244908P, Chicago, IL 60608

    The advertised rate of $13,266/month is the lowest available price, based on a 30 day(s) stay with a move-in date of December 20, 2026.Rates vary depending on the duration of stay, season, and other parameters. For exact pricing and additional pricing components, please visit our website and enter your desired move-in and move-out dates. The rate is applicable when billed upfront; it can

    2630 S Throop St Unit SI ID1244908P, Chicago, IL 60608
  • /9

    $13,050 Per Month

    • 3 Beds
    • 3 Baths
    • 2,300 Sq Ft
    • Condo for Rent

    162 N Clark St, Chicago, IL 60601

    Property Id: 2412920 Exclusive penthouse floor with restricted access Designer kitchens with duotone cabinetry, Sub-Zero & Gaggenau appliances, wine chiller Floor-to-ceiling windows, soaring 12’ ceilings Marble bathrooms with dual vanity, soaker tub, and stand-up shower with rain head Full-service amenities: fitness center, indoor pool, outdoor sundeck, lounges, 24-hour

    162 N Clark St, Chicago, IL 60601
  • /20

    $12,913

    Total Monthly Price

    • 4 Beds
    • 3 Baths
    • 1,991 Sq Ft
    • Condo for Rent

    22 E Elm St Unit SI ID1364276P, Chicago, IL 60611

    The advertised rate of $12,914/month is the lowest available price, based on a 30 day(s) stay with a move-in date of January 10, 2027.Rates vary depending on the duration of stay, season, and other parameters. For exact pricing and additional pricing components, please visit our website and enter your desired move-in and move-out dates. The rate is applicable when billed upfront; it can

    22 E Elm St Unit SI ID1364276P, Chicago, IL 60611
  • /20

    $12,561

    Total Monthly Price

    • 5 Beds
    • 3 Baths
    • 3,993 Sq Ft
    • Condo for Rent

    1307 N Bell Ave Unit SI ID1244933P, Chicago, IL 60622

    The advertised rate of $12,561/month is the lowest available price, based on a 30 day(s) stay with a move-in date of January 10, 2027.Rates vary depending on the duration of stay, season, and other parameters. For exact pricing and additional pricing components, please visit our website and enter your desired move-in and move-out dates. The rate is applicable when billed upfront; it can

    1307 N Bell Ave Unit SI ID1244933P, Chicago, IL 60622
  • /48

    $12,500 Per Month

    • 3 Beds
    • 2.5 Baths
    • 3,000 Sq Ft
    • Apartment for Rent

    22 E Division St Unit 1, Chicago, IL 60610

    Sophisticated Gold Coast luxury duplex lives like an elegant single-family home. Spanning over 3,000 sq ft, this pristine 3BD/2.5BA limestone townhome-style residence offers absolute privacy with no high-rise elevator traffic. The main living area anchored by a gas ventless fireplace flows seamlessly through the formal dining space and the climatized 500+ bottle wine cellar, moving effortlessly

    Yee Ng Century 21 S.G.R., Inc.

    22 E Division St Unit 1, Chicago, IL 60610
  • /23

    $12,500 Per Month

    • 2 Beds
    • 2 Baths
    • 1,728 Sq Ft
    • Condo for Rent

    363 E Wacker Dr Unit 2204, Chicago, IL 60601

    Experience the epitome of luxury living at St. Regis, Chicago's latest five-star residence. FURNISHED and included PARKING, this stunning two-bedroom condo offers an exceptional floorplan with spacious living areas, an eat-in kitchen, and abundant storage. Residents enjoy world-class amenities, such as indoor and outdoor pools, a hot tub, fire pit, fitness and training facilities, private dining

    Agent Photo

    Darren Allen

    Real Broker LLC

    363 E Wacker Dr Unit 2204, Chicago, IL 60601
  • /60

    $12,500 Per Month

    • 6 Beds
    • 4.5 Baths
    • 4,600 Sq Ft
    • House for Rent

    2010 W Bradley Place, Chicago, IL 60618

    Experience luxury in this beautifully crafted, 4,600-square-foot Wilkinson home situated on an extra-wide 33-foot lot the highly sought-after St. Ben's enclave of North Center. Available for Furnished or Unfurnished. Featuring 6 spacious bedrooms, 4.5 luxurious bathrooms, and four levels of thoughtfully designed living space, this property delivers the perfect balance of sophisticated urban

    Amy Duong Kim Compass

    2010 W Bradley Place, Chicago, IL 60618
  • /64

    $12,451

    Total Monthly Price

    • 4 Beds
    • 4 Baths
    • Condo for Rent

    1044 W Van Buren St Unit GO ID1029634P, Chicago, IL 60607

    The advertised rate of $12,451/month is the lowest available price, based on a 30 day(s) stay with a move-in date of January 9, 2027.Rates vary depending on the duration of stay, season, and other parameters. For exact pricing and additional pricing components, please visit our website and enter your desired move-in and move-out dates. The rate is applicable when billed upfront; it can be

    1044 W Van Buren St Unit GO ID1029634P, Chicago, IL 60607
  • /35

    Starting at $2,789 Per Month

    • Studio - 4 Beds

    60 E Randolph St, Chicago, IL 60601

    PREMIUM RENTAL APARTMENTS - Parkline Chicago apartments have it all. Distinctive Design. Premier Location. Stunning Views. Abundant Amenities. Attentive Management. Choose from a variety of our smart floor plan choices designed with work from home in mind: studio, convertible, 1, 2 and 3-bedrooms. Parkline Chicago Apartments redefines residential living in downtown Chicago by offering a healthy

    Parkline Chicago

    60 E Randolph St, Chicago, IL 60601
  • /46

    $12,000 Per Month

    • 5 Beds
    • 3.5 Baths
    • 4,091 Sq Ft
    • House for Rent

    3752 N Wayne Ave, Chicago, IL 60613

    Stately 5 bedroom 3 1/2 bath single family home on extra wide lot on coveted Wayne St in Southport Corridor. Graystone and brick home has been meticulously remodeled and updated while keeping classic vintage details. Main level features formal entry and expansive living and dining room leading to massive eat-in kitchen featuring freshly painted cabinets, granite countertops and high-end stainless

    Steven Schnur CL3 Property Management

    3752 N Wayne Ave, Chicago, IL 60613

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Frequently Asked Questions

How much does it cost to rent a home in Chicago, IL?
The median rent for a home in Chicago, IL is $2,330 per month, though prices vary by neighborhood, size, and property type. As of July 2026, single-family homes tend to be the most affordable option while condos and townhouses are currently more expensive.
How much do you need to make to afford rent in Chicago, IL?
To comfortably afford the median rent in Chicago, IL, a household needs to earn roughly $93,200 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,330 per month in Chicago, IL, renters typically need to show $6,990 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Chicago, IL?
In Chicago, IL, the price-to-rent ratio is 13.8, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Chicago, IL are best for renting a home?
The best neighborhood for renting in Chicago, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Brighton Park, McKinley Park, Little Village, Heart of Chicago and Douglass Park, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
7,698
Median Rent
$2,330
Median Single Family Home Rent
$2,150
Median Townhouse Rent
$2,948
Median Condo Rent
$2,300
How to Rent a Home