Local News

Chicago rent prices dropped slightly in September

By Todd Feurer

/ CBS Chicago

Chicago rent prices dropped slightly in September

CHICAGO (CBS) -- A new report has found tenants in Chicago are seeing a bit of relief on rent prices.

According to the real estate company Redfin, the median rental price in Chicago in September was $2,389 per month, down about 2% over the past year.

It's welcome news for renters. Last summer, rents in Chicago increased by 17%.

Chicago rent is still higher than the national median, but much lower than New York and Los Angeles.

Todd Feurer

Todd Feurer is a web producer for CBS Chicago. He has previously written for WBBM Newsradio, WUIS-FM and the New City News Service.

© 2023 CBS Broadcasting Inc. All Rights Reserved.

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