2022 Chicago Apartment Data

Chicago is the 7th largest multifamily market with 382,642 completed units and 106,487 units in development, 16,485 of which have already broken ground, as of September 2022.

Chicago Multifamily Market Insights – September 2022

New lease asking rents are at $1,795, up 6.7%▲
from the previous year placing Chicago at 103rd
overall in year-over-year rent growth.

Chicago Multifamily Market Insights – August 2022

New lease asking rents are at $1,802, up 8%▲
from the previous year placing Chicago at
101st overall in year-over-year rent growth.

Chicago Multifamily Market Summary – July 2022

Chicago Map

New lease asking rents are at $1,813, up 9.6%▲
from the previous year placing Chicago at 87th
overall in year-over-year rent growth.

Chicago Multifamily Market Insights – June 2022

New lease asking rents are at $1,797, up 9.8%▲
from the previous year placing Chicago at 90th
overall in year-over-year rent growth.

Chicago Multifamily Market Summary – May 2022

New lease asking rents are at $1,775, up 10.3%▲
from the previous year placing Chicago at 87th
overall in year-over-year rent growth.

Chicago Multifamily Market Insights – April 2022

New lease asking rents are at $1,749, up 10.6%▲
from the previous year placing Chicago at 79th
overall in year-over-year rent growth.

Chicago Multifamily Market Summary – March 2022

New lease asking rents are at $1,735, up 11.4%▲
from the previous year placing Chicago at 74th
overall in year-over-year rent growth.

Chicago Multifamily Market Insights – February 2022

New lease asking rents are at $1,707, up 11.1%▲
from the previous year placing Chicago at 77th
overall in year-over-year rent growth.

Chicago Multifamily Market Summary – January 2022

New lease asking rents are at $1,703, up 11%▲
from the previous year placing Chicago at 75th
overall in year-over-year rent growth.

Chicago Multifamily Market Summary – December 2021

New lease asking rents are at $1,697, up 10.8%▲
from the previous year placing Chicago at 65th
overall in year-over-year rent growth.