Matrix Multifamily Chicago Report-June 2025 July 02, 2025

Chicago Rents Accelerate, Supply Slows

Chicago’s multifamily market began 2025 on a positive note, with advertised asking rents up 0.5 percent on a T3 basis through April, ahead of the 0.2 percent U.S. average. It helped that construction starts were down by a quarter, after two years of solid supply growth.