Chicago Rents Have Risen as Suburban Rates Spike
The median rent for a one-bedroom in Chicago reached $2,079 while suburban markets saw double-digit growth.
Updated on Sept. 23, 2026 in Apartments
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Chicago residents are facing a 5 percent increase in one-bedroom apartment rents over the past year. This shift brings the city's median rent to $2,079, which remains higher than the national median of $1,948.
Why it matters
Rising rental costs are forcing renters to evaluate their living options as local leaders consider two ordinances aimed at overhauling the city's current landlord and rental plan. These legislative changes seek to address the growing financial strain on urban tenants.
The median one-bedroom rent in Chicago is $2,079, while four-bedroom units average $13,278 per month. Across the city, 9,099 rentals are currently available for prospective tenants.
The details
While Chicago rent has climbed 5 percent, suburban markets like Joliet and Arlington Heights saw surges of 15 percent and 11 percent respectively. These shifts coincide with a typical monthly mortgage payment for new home buyers reaching $3,014.
Timeline
The data reflects rent increases observed over the past year.
Article published on September 23, 2026.
Culture Shift
The National Association of Realtors' existing-home sales affordability index provides a benchmark for comparing monthly mortgage costs against rising urban and suburban rental expenditures. This trend follows the pattern established by housing affordability indexes by highlighting the growing gap between rental prices and typical home-buying mortgage payments.
Renters in Chicago may need to adjust their monthly budgets to account for the current 5 percent price increase on one-bedroom units. Those looking for more affordable housing might consider whether the rapid price spikes in suburbs like Joliet or Arlington Heights impact their relocation plans.
The takeaway
Renters should closely monitor the upcoming city ordinances as they could significantly alter landlord-tenant regulations. Comparing the $2,079 city median against suburban averages can help identify whether moving beyond city limits offers genuine long-term savings.
Further reading
For more on the current rental environment, explore our Apartments section.
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