Matrix Multifamily Chicago Report-September 2025 October 08, 2025

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.