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Chicago Rents Top US Chicago’s advertised asking rents were up 4.1 percent YoY through July—the highest among major U.S. markets—to an average of $2,049. Following the addition of nearly 20,000 units over the past two years, supply growth slowed, with 2,220 units completed in the first seven months of 2025.
Chicago’s advertised asking rents were up 4.1 percent YoY through July—the highest among major U.S. markets—to an average of $2,049. Following the addition of nearly 20,000 units over the past two years, supply growth slowed, with 2,220 units completed in the first seven months of 2025.
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