RENT TRENDS

Illinois rent trends

Median rent across Illinois, by bedroom count and city, and HUD's Fair Market Rents for FY2027.

Data source: U.S. Census Bureau, HUD, and FHFA. State and city figures come from federal surveys and indexes, not live listings, so they trail the market by one to two years.

Median rent in Illinois was $1,322 a month in 2024, up from $1,020 in 2019: +30% over five years, about +5.3% a year. From 2023 to 2024 it moved +6.8%.

Rent by bedroom count

Illinois: median gross rent by bedrooms, Census ACS 2024
BedroomsMedian gross rent
Studio$1,201/mo
1 bedroom$1,169/mo
2 bedrooms$1,333/mo
3 bedrooms$1,484/mo
4 bedrooms$1,699/mo

Rent in Illinois's largest cities

Illinois cities of 150,000+ people: median gross rent, Census ACS
City20192024Change
Chicago, IL$1,134/mo$1,486/mo+31%
Aurora, IL$1,145/mo$1,632/mo+43%
Naperville, IL$1,620/mo$1,913/mo+18%
Joliet, IL$992/mo$1,278/mo+29%

HUD Fair Market Rents for FY2027

2-bedroom Fair Market Rent for the HUD areas containing these cities, FY2026 and FY2027
HUD areaFY2026FY2027Change
Chicago-Joliet-Naperville, IL$1,781/mo$2,011/mo+12.9%

Fair Market Rents are HUD's 40th-percentile rent for recent movers, set for the fiscal year (FY2027 runs October 2026 to September 2027). They point to where rents for new leases are heading, area by area.

Sources: U.S. Census Bureau, American Community Survey 1-year estimates (2019, 2023, 2024); medians are shown only when their margin of error is within 10%. HUD Fair Market Rents, FY2026 and FY2027. How Predictye calculates this.

Frequently asked questions

What is median rent in Illinois?

$1,322 a month in 2024, including utilities, from the Census Bureau's American Community Survey.

How much has rent gone up in Illinois?

Median rent rose from $1,020 in 2019 to $1,322 in 2024, +30% in total or about +5.3% a year.

Which Illinois city has the highest rent?

Among the 4 cities of 150,000+ people, Naperville, IL at $1,913 a month; the lowest is Joliet, IL at $1,278.

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