Markets › Chicago
Yearly benchmarkMoves monthlyMoves weeklyNews daily
Chicago IL
Covers Chicago, Naperville and Elgin.
Current market read
Landlord’s market
ConditionTight
The yearly data reads a landlord's market, and the recent monthly signals are tightening further.
From public data. The situation now, not a forecast.
Renter Google searchabout 33,100 searches in July 2026 · HousesSee read →
Renter Google Search InterestGoogle · monthly
About 33,100 searches in July 2026, for Chicago on its own
What renters Google mostHousesSee all →Attention, not a verdict. Google searches for apartments to rent.
Momentum · which way it's movingRENT + JOBS · UPDATED MONTHLY
Heating
Tightening lately, asking rents are climbing, as of Aug 2026.
VacancyCENSUS · 2024
Share of rentals sitting empty. Yearly Census backdrop, not what sets the condition.
Asking rentZILLOW · MONTHLY
+4.8%
▲ Year over year
SEP ’24AUG ’26
Census 2024: +5.7% · US avg +5.2%
Median rentCENSUS · 2024
$1,469/mo
Typical rent, 2024 yearly count
In the news · ChicagoNEWS · DAILY
Latest local coverage, 2 days ago.● softer● neutral● firmer
Dueling Chicago rental ordinances move ahead, setting up fight as a mayoral election year loomsChicago’s “worst landowner” sisters accused of using shell companies to fund Maserati, luxury condoCommonwealth snags $114M for Mag Mile office-to-resi conversionView all 8 Chicago news →Demand vs supplyCENSUS + BLS
Weak demand
DEMAND
Jobs+0.2%
Migration 2025-3.57/1k
SUPPLY
Permits 2025-31.9%
Vacancy 20243.7%
Rent vs buyFREDDIE MAC · WEEKLY
+$1,033/mo
Cheaper to rent than buying
rent $1,469 · own $2,502
$1,469RENT
$2,502OWN
Net migrationCENSUS · 2025
−3.57/1k
▼ Net outflow of residents
OUTFLOWINFLOW
Census · BLS · FRED · Zillow · news
For information only. Not investment advice. AI-written summaries can make mistakes.