How much should you expect to pay for a two-bedroom apartment in Chicago? Naturally, it varies from neighborhood to neighborhood, but local apartment search site Domu has offered a look into their data from April listings which should help provide more insight into the cost of rent in popular Chicago neighborhoods. Specifically, the company provided us data which focuses solely on two-bedroom units. And as many would expect, downtown rents are substantially higher than those found in South Side and far north neighborhoods.
Domu tells us that the infographic only includes neighborhoods which had at least 10 two-bedroom listings last month. The data largely excludes apartment towers and larger multi-unit buildings with more complex pricing systems which can adjust prices on units daily. However, the information offers a more holistic and accurate look at the rents independent landlords and small property groups are asking for two-bedrooms around the city.
According to the April snapshot, it appears that at just under $1,800 per month, rents in Logan Square are on par with neighborhoods like Noble Square, Ukrainian Village, and even Uptown. Andersonville, Avondale, and East Village all offer good values at or around the $1,600 price point. However, Pilsen, Bronzeville, and Albany Park feature some of the lowest rents listed on the map.