Chicago

Chicago, IL

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Illinois’ largest lakefront city

Lakefront Nightlife Mass Transit Diverse Artistic

As America’s third largest city, Chicago fosters a unique persona with a wild, colorful history that’s earned it a string of nicknames: Second City, Chi-Town, and of course, the Windy City. Countless songs have been written about Chicago, a legendary musical group is named after it, and endless movies and television series are set in it. Chicago is one of the most ideal cities for renters with its blend of affordable and luxury apartments, waterfront views, and abundance of entertainment opportunities. There is something for everyone for every kind of budget in Chicago!

So what is it like living in Chicago? Well, first off the architecture is stunning, ranging from the John Hancock Tower to Tribune Tower and Willis Tower. Residents and visitors alike enjoy watching a Cubs game at Wrigley Field, visiting the Lincoln Park Zoo, taking in the views from Grant Park, admiring the Bean at Millennium Park, hopping aboard a dinner cruise at Navy Pier, and gazing at the designer stores along the Magnificent Mile.

This city is home to some of the nation’s greatest artistic and cultural attractions, from the Art Institute of Chicago to the Chicago Cultural Center. Summers are spent relaxing on the beach, whether it be 12th Street Beach or Oak Street Beach. Locals can be found dancing the night away at one of the many jazz and blues clubs. Chicago is home to a top-notch public transit system, so commuting is a breeze for any renter.

Explore the City

Cloud Gate at dusk

The Chicago Stock Exchange is on LaSalle Street

Lighted trees along the Navy Pier

Shopping along the Magnificent Mile

Chicago's famous Apollo Theater

The Chicago Board of Trade was established in 1848

Rent Trends

As of December 2024, the average apartment rent in Chicago, IL is $1,484 for a studio, $1,844 for one bedroom, $2,339 for two bedrooms, and $2,819 for three bedrooms. Apartment rent in Chicago has increased by 2.0% in the past year.

Property Type
Average Rent
Average Sq Ft
Apartment
$1,844/month
660 Sq Ft
House
$2,442/month
1,071 Sq Ft
Condo
$2,598/month
787 Sq Ft
Townhome
$3,811/month
1,639 Sq Ft
See Rental Market Trends in Chicago, IL

Learn More About Chicago

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Locals Share What to Know Before Moving to Chicago

What's it like living in Chicago? Get answers from those who know the city best.

Five Most Affordable Neighborhoods in Chicago, IL

Searching for housing on a budget in Chicago, IL? Explore the most affordable areas in the city with this in-depth guide.

Transportation

83

Very Walkable

out of 100 WalkScore® Rating

If you enjoy walking, you’ll enjoy renting in this area! It’s a very walkable neighborhood.

66

Good Transit

out of 100 TransitScore® Rating

The area around this property has good transit with many nearby transportation options.

77

Very Bikeable

out of 100 BikeScore® Rating

This area is very bikeable. You’ll find a variety of bike paths and lanes.

Schools

Hawthorne Elementary Scholastic Academy

Public

Grades K-8

604 Students

10
out of 10

Haines Elementary School

Public

Grades PK-8

529 Students

10
out of 10

Skinner North Elementary School

Public

Grades K-8

490 Students

10
out of 10

Hamilton Elementary School

Public

Grades PK-8

451 Students

10
out of 10

Prescott Elementary School

Public

Grades K-8

404 Students

10
out of 10

Hawthorne Elementary Scholastic Academy

Public

Grades K-8

604 Students

10
out of 10

Haines Elementary School

Public

Grades PK-8

529 Students

10
out of 10

Skinner North Elementary School

Public

Grades K-8

490 Students

10
out of 10

Hamilton Elementary School

Public

Grades PK-8

451 Students

10
out of 10

Prescott Elementary School

Public

Grades K-8

404 Students

10
out of 10

Jones College Prep High School

Public

Grades 9-12

1,941 Students

10
out of 10

Payton College Preparatory High School

Public

Grades 9-12

1,233 Students

10
out of 10

Northside College Preparatory High School

Public

Grades 9-12

1,040 Students

10
out of 10

Hancock College Preparatory High School

Public

Grades 9-12

1,013 Students

10
out of 10

Devry Advantage Academy High School

Public

Grades 11-12

135 Students

10
out of 10

Points of Interest

Parks and Recreation

  • Douglas Park and Community Center
  • McKinley Park
  • Garfield Park and Golden Dome Field House
  • Columbus Park and Field House
  • Gage Park

Airports

  • Chicago Midway International
  • Chicago O'Hare International

Top Apartments in Chicago

Houses for Rent in Chicago

Property Management Companies in Chicago, IL

Living in Chicago

History

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Settled in the 1780s, it's possible that Chicago was explored as early as 1679 -- when the first reference to the city was made by Robert de LaSalle, a French explorer who focused on the Great Lakes Region. He wrote about a place called "Checagou" in his memoir, where he claimed the name came from the "quantity of garlic which grows in the forests."

By 1833, the town had roughly 200 residents. Within seven years, that number had exploded to more than 4,000 -- mainly due to the important lakefront location. In 1893, the city hosted the very first World's Fair. The event set a world record for attendance, with more than 751,000 attending.

During the 1920s and the era of Prohibition, Chicago became the setting for some infamous gangsters, including Al Capone and Bugs Moran. In 1929, the St. Valentine's Day Massacre took place in the city, when Al Capone and his gang took on Bugs Moran and his gang.

Restaurants

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The culinary scene in Chicago is legendary, complete with celebrity chefs and Michelin-starred restaurants. Oh, and that amazing deep-dish pizza. Chicago even has their very own twist on hot dogs (don't ask for ketchup). No matter what you’re looking for or what kind of food you’re looking for, you’ll be sure to find it in Chicago.

Transportation

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Chicago is a very pedestrian-friendly city, complete with the Chicago Transit Authority (CTA)'s "L" trains. The Metra commuter train is also available and widely used. Travelers can also take buses or participate in the city's bicycle-share program, or they can hop on a trolley. For longer trips, O'Hare International Airport is available. For car travel, residents can take I-90 or I-290.

Parks

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Millennium Park offers a lakefront experience like nothing else you'll find in America. The park's iconic Cloudgate, a mirrored sculpture affectionately dubbed "The Bean," will give you a whole new perspective of the skyline behind you, and in the winter time, you can hit this Loop hot spot to ice skate on a huge temporary rink. The Art Institute of Chicago is right next door, giving this whole part of town a very Central Park feel.

On Chicago's north side, the Lincoln Park Zoo gives families a completely free, up-close look at hundreds of apes, big cats, sea animals, primates, reptiles, and more. The sprawling park is open to the public and offers festive seasonal celebrations, such as Christmas light extravaganza Zoo Lights and an outdoor summer concert series.

There's nothing like the Taste of Chicago, a famous culinary extravaganza that occupies Grant Park every July. The park also permanently hosts Lollapalooza, a three-day summer music festival that draws music fans from around the world and sells out almost instantly.

Cost

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Renters living in Chicago pay an average of $2,215/month to rent an apartment, compared to the state average of $1,800. City dwellers exploring houses for rent throughout the city can expect to pay around $3,000 per month. For those looking to buy, the average house is valued at $262,866, compared to the state average of $228,698. Read more on average rent in Chicago.

Shopping

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You can't talk about shopping in Chicago without starting on the Magnificent Mile. Chicago's most famous stretch of street spans several blocks of Michigan Avenue, and attracts millions of shoppers every year with its offerings of designer boutiques, department stores, and urban shopping centers such as Water Tower Place.

Next to the historic Water Tower and John Hancock Building, Water Tower Place offers six indoor stories of shops and restaurants, including the Chicago Sports Museum and the American Girl Cafe and store, where young girls can customize their own doll, browse her entire wardrobe collection, and even attend a tea party with theatrical reenactments of the associated books.

Even if you don't rent an apartment near the Loop, North Side, or Magnificent Mile, the Chicago Pedway is a six-mile system of underground and indoor pedestrian walkways that you can access from the Red and Blue El Lines, as well as the Metra. It connects many iconic Chicago shopping destinations, including the Macy's that replaced the iconic Marshall Field's on State Street.

Highlights

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When comparing Chicago to cities in Canada, Toronto is very similar with access to the Great Lakes and diverse communities.

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