Average Rent in Chicago (2026 Estimate)
| Bedroom Type | Median Rent |
|---|---|
| Studio | $1,400 |
| 1 Bedroom | $1,850 |
| 2 Bedroom | $2,450 |
| 3 Bedroom | $3,200 |
Estimated market data based on HUD 2026 and Zillow 2026. For reference only.
Security Deposit Laws in Illinois
No state limit; typical 1 month
Always confirm with your landlord or property manager, as local city ordinances in Chicago may provide additional protections.
Estimated Monthly Utilities in Chicago
On average, basic utilities (electricity, heating, cooling, water, garbage) for an 85m² apartment in Chicago cost approximately $200 per month.
Internet (60 Mbps+) costs approximately $65 per month.
Total Estimated Monthly Cost in Chicago
For a 1-bedroom apartment, your estimated total monthly cost is:
Rent $1,850 + Utilities $200 + Internet $65 = $2,115
For a 2-bedroom apartment:
Rent $2,450 + Utilities $200 + Internet $65 = $2,715
Rent Affordability Tip for Chicago
A common rule of thumb is to spend no more than 30% of gross monthly income on rent.
To afford the median 1-bedroom rent of $1,850 in Chicago, you should earn at least $6,166 per month ($73,992 per year) before taxes.
Use Our Free Rent Affordability Calculator →Moving to Chicago? Estimate Your Total Move-In Cost
Beyond the first month's rent, you'll typically need to pay a security deposit, possibly last month's rent, and moving expenses.
Calculate Move-In Cost →Frequently Asked Questions About Renting in Chicago
The estimated median rent for a 1-bedroom apartment in Chicago is approximately $1,850 per month as of 2026.
Basic utilities for an average apartment in Chicago are estimated at $200 per month, plus about $65 for internet.
Following the 30% rule, you should earn at least $73,992 per year to comfortably afford the median 1-bedroom rent in Chicago.