Markets › Chicago
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Chicago IL

Current market read
Landlord’s market
ConditionTight
RentersLandlords
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 Search InterestGOOGLE · MONTHLY
Rank
3of 43 metros
No change this month
See the full picture with Pro · $39/month

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 Jun 2026.
Job growthBLS · MONTHLY
+0.1%
▲ Hiring, past 12 months
JUL ’25JUN ’26
See the 12-month trend with Pro
VacancyCENSUS · 2024
3.7%TIGHT
Share of rentals sitting empty
Asking rentZILLOW ZORI · MONTHLY
+5.1%
▲ Year over year
Older annual rent growth, Census
CHICAGO
+5.7%
US AVG
+4.7%
Median rentCENSUS · 2024
$1,469/mo
Typical rent, 2024 yearly count
20162024
See the multi-year trend with Pro
In the news · ChicagoNEWS · DAILY
Related Midwest Begins Leasing for Downtown Chicago Residential Tower1D AGOApartment complex under anti-gentrification ordinance sells for $42 million1D AGOPortion of downtown Chicago’s NBC Tower eyed for apartment conversion1D AGOView all 8 with Pro · $39/month →
Demand vs supplyCENSUS + BLS
Weak demand
DEMAND
SUPPLY
DEMAND
Jobs+0.1%
Migration-4.81/1k
SUPPLY
Permits-31.9%
Vacancy3.7%
Rent vs buyFREDDIE MAC · WEEKLY
+$951/mo
Cheaper to rent than buying
$1,469
RENT
$2,420
OWN
Net migrationCENSUS · 2024
−4.81/1k
▼ Net outflow of residents
OUTFLOWINFLOW
Census · BLS · FRED · Zillow · news
For information only. Not investment advice. AI-written summaries can make mistakes.