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Old Town Rental Prices

You don’t have to be an architecture buff to appreciate the historic buildings and quaint streets of Chicago’s Old Town. This charming neighborhood on the city’s North Side is filled with Victorian-era homes and buildings — not to mention plenty of eateries, coffee shops, boutiques, pubs and attractions. Locals love living in Old Town because of its many parks and green spaces, abundant shopping and dining options, and walkability. If you’re thinking about making Old Town your home, an important question is cost.

What’s the Old Town average rent? Does the cost make sense for you? To help answer these questions, here’s a look at rent in Old Town — and how that compares to the rest of Chicago.

Average Rent in Old Town

If you want to move to Old Town, expect to spend an average of $1,975 per month on rent. This varies, of course, building to building. Likewise, prices change based on apartment size and amenities (like whether there’s in-unit laundry). For studios, the average is significantly lower — around $1,400-$2,400 per month. One-bedrooms rent in the mid $2000s. Two bedrooms are closer to $3,000-$5000 per month, and three-bedrooms tend to start around $5000-6000.

Here is an overview of average rental prices in Old Town, Chicago, ranging from studios to four-bedroom apartments:

Apartment Size Average Monthly Rent
Studio $1,400 – $2,400
1 Bedroom $2,100 – $3,000
2 Bedroom $3,000 – $4,900
3 Bedroom $4,400 – $5,600
4 Bedroom $6,000+

How Rent in Old Town Compares to the Rest of the City

Old Town’s rental prices are moderate within the context of Chicago’s housing market. They are more affordable than in upscale neighborhoods like West Loop and River North but higher than in non-downtown areas such as Wicker Park and Lakeview. For example, the cost of renting is about 14 percent higher in Old Town Chicago than costs in nearby Lincoln Park.

When it comes to the combination of historic charm and city conveniences, it’s hard to beat the appeal of Old Town. Can you picture yourself living here? If so, check out our listings for luxury apartment rentals in Old Town to see what’s available now!