June Rent Map Reminds Us That Chicago Rental Prices Are Heating Up For Summer

By Rachel Cromidas in News on Jun 23, 2017 6:27PM

The real estate site Zumper ranks Chicago as the 11th most expensive city in the U.S., and its neighborhood breakdown of rents for the month of June hint at why: "One bedroom unit prices grew by 4.8 percent, and two bedrooms by 5.1 percent."

According to the site's numbers, the median price of a Chicago one bedroom is now $1,760, while a two bedroom is about $2,260 a month. Of course, some neighborhoods will get you a better deal than others. Greektown is the priciest 'hood, at $2,200 a month for a one bedroom median price, and River North, the Loop, the Gold Coast and Streeterville are also among the priciest. Once you head south of the city center to Amour Square, west past West Town, or north of Andersonville, you can start to find median one bedroom rents dipping below $1,000 a month.

One surprising piece of data Zumper pulled from its report: Bridgeport and Beverly have some of the fastest growing rents since last quarter—both saw rents rise over 12 percent.