5054 N Ridgeway Ave
5054 N Ridgeway Ave,
Chicago, IL 60625
$1,600 | Studio - 2 Beds
The Albany Park community is a melting pot of culture in Chicago. As one of the city’s most diverse neighborhoods, students served by the Chicago Public Schools system speak more than 40 languages in the classroom. Originally settled in 1893, streetcars helped aid the neighborhood’s growth and development just three years later.
Its massive support of public transit is aided by Brown and Blue Line Stations throughout the community. Residents adore its many bus stops as well as proximity to Interstate 94. You can pretty much find any type of cuisine in Albany Park – no passport needed since it is right in your own backyard! You’ll also find many community gardens and recreational parks for your enjoyment.
As of April 2025, the average apartment rent in Albany Park is $881 for a studio, $970 for one bedroom, $1,355 for two bedrooms, and $1,683 for three bedrooms. Apartment rent in Albany Park has increased by 1.4% in the past year.
Studio
425 sq ft
Average Sq Ft
$881/month
Average Rent
1 BR
524 sq ft
Average Sq Ft
$970/month
Average Rent
2 BR
728 sq ft
Average Sq Ft
$1,355/month
Average Rent
3 BR
901 sq ft
Average Sq Ft
$1,683/month
Average Rent
Very Walkable
out of 100 WalkScore® Rating
If you enjoy walking, you’ll enjoy renting in this area! It’s a very walkable neighborhood.
Good Transit
out of 100 TransitScore® Rating
The area around this property has good transit with many nearby transportation options.
Very Bikeable
out of 100 BikeScore® Rating
This area is very bikeable. You’ll find a variety of bike paths and lanes.
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† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.