Oak Lawn Blu
10409-10439 Menard Ave,
Oak Lawn, IL 60453
1-2 Beds | $1,950
Rental Market Trends in Chicago Ridge, IL
What is the average rent in Chicago Ridge, IL?
$927/month
Average Rent
566 Sq Ft
Average Apartment Size
+1%
Increase in the Last Year
As of January 2025, the average rent in Chicago Ridge, IL is $927 per month. This is 40% lower than the national average rent of $1,553/month, making renting in Chicago Ridge more affordable than most cities in the US. When you rent an apartment in Chicago Ridge, you can expect to pay about per month for a studio, $927 for a one-bedroom apartment, and around $1,162 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Chicago Ridge, IL?
In the past year, rent has increased by 1%, which averages out to $10 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated January 2025
Legend
2024
2025
Rent Ranges in Chicago Ridge, IL
Last Updated January 2025
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
58%
$700 - $1,000/month
38%
$1,001 - $1,500/month
0%
$1,501 - $2,000/month
4%
Above $2,000/month
What salary do I need to live comfortably in Chicago Ridge, IL?
Because the average rent in Chicago Ridge is $927, you’ll want to make about $3,090 per month or $37,080 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Chicago Ridge, IL compare to other nearby cities and neighborhoods?
Use the tool below to compare Chicago Ridge, IL to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Nearby City Rent Trends
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Methodology
† 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.
* Percentages may not total 100 due to rounding.