Chicago Real Estate Prices per Square Foot

Buy prices, rent prices, historical development and submitted values for Chicago, IL.

Average buy price
$304.00 / sqft

Typical residential purchase price per square foot.

Average rent
$2.75 / sqft / month

Monthly rent per square foot.

Median home price
$420,000

Estimated median residential sale price.

Median monthly rent
$2,250

Estimated median rent for the city.

Historical price development

Buy price history

Buy prices have increased by about 55.9% across the available history.

Rent price history

Monthly rent per square foot shows how rental costs have developed over time in Chicago.

Submitted values in Chicago

DateTypePropertyPrice / sqftSizeTotalArea
2026-06-29Rentapartment$2.75 / sqft800 sqft$2,200Chicago 60619
2026-06-29Rentapartment$2.75 / sqft800 sqft$2,200Chicago 60619
2026-06-29Rentapartment$2.75 / sqft800 sqft$2,200Chicago 60619
2026-06-29Rentapartment$2.75 / sqft800 sqft$2,200Chicago 60619
2026-06-29Rentapartment$2.75 / sqft800 sqft$2,200Chicago 60619
2026-06-29Rentapartment$2.75 / sqft800 sqft$2,200Chicago 60619
2026-06-29Rentapartment$2.75 / sqft800 sqft$2,200Chicago 60619
2026-06-29Rentapartment$2.75 / sqft800 sqft$2,200Chicago 60619
2026-06-29Rentapartment$2.75 / sqft800 sqft$2,200Chicago 60619
2026-06-29Rentapartment$2.75 / sqft800 sqft$2,200Chicago 60619
2026-06-29Buycondo$304.00 / sqft1,200 sqft$364,800Chicago 60619
2026-06-29Rentapartment$2.75 / sqft800 sqft$2,200Chicago 60613
2026-06-29Buycondo$304.00 / sqft1,200 sqft$364,800Chicago 60613
2026-06-29Rentapartment$2.75 / sqft800 sqft$2,200Chicago 60654
2026-06-29Buycondo$304.00 / sqft1,200 sqft$364,800Chicago 60654
2026-06-29Rentapartment$2.75 / sqft800 sqft$2,200Chicago 60618
2026-06-29Buycondo$304.00 / sqft1,200 sqft$364,800Chicago 60618
2026-06-29Rentapartment$2.75 / sqft800 sqft$2,200Chicago 60629
2026-06-29Buycondo$304.00 / sqft1,200 sqft$364,800Chicago 60629
2026-06-29Rentapartment$2.75 / sqft800 sqft$2,200Chicago 60625
2026-06-29Buycondo$304.00 / sqft1,200 sqft$364,800Chicago 60625
2026-06-29Rentapartment$2.75 / sqft800 sqft$2,200Chicago 60608
2026-06-29Buycondo$304.00 / sqft1,200 sqft$364,800Chicago 60608
2026-06-29Rentapartment$2.75 / sqft800 sqft$2,200Chicago 60611
2026-06-29Buycondo$304.00 / sqft1,200 sqft$364,800Chicago 60611
2026-06-29Rentapartment$2.75 / sqft800 sqft$2,200Chicago 60647
2026-06-29Buycondo$304.00 / sqft1,200 sqft$364,800Chicago 60647
2026-06-29Rentapartment$2.75 / sqft800 sqft$2,200Chicago 60614
2026-06-29Buycondo$304.00 / sqft1,200 sqft$364,800Chicago 60614
2026-06-29Rentapartment$2.75 / sqft800 sqft$2,200Chicago 60657

Housing market overview for Chicago, IL

The real estate market in Chicago, IL can be compared more clearly by looking at price per square foot. Current estimates show an average buy price of $304.00 / sqft and an average rent of $2.75 / sqft / month.

Buyers can use the purchase price per square foot to compare homes, condos and apartments of different sizes. Renters can use monthly rent per square foot to compare different rental listings more accurately.

The reported values on this page show how prices can vary by neighborhood, property type, size and condition. Historical values help explain whether the local market has been rising, stable or cooling.

Frequently asked questions

What is the average home price per square foot in Chicago?

The average residential buy price in Chicago, IL is $304.00 / sqft based on the current values available on this page.

How much is rent per square foot in Chicago?

The average rental price in Chicago, IL is $2.75 / sqft / month. Actual rents can vary by neighborhood, property type and building quality.

Are property prices in Chicago increasing?

Based on the available historical values, buy prices have increased by about 55.9%.