Apartment Rent in Old Town
Chicago, Illinois · IL
Avg 1BR Rent $1,325 /month
Rent by Bedroom Count
Studio $950/mo ~487 sq ft $1.95/sq ft
1 Bedroom $1,325/mo ~676 sq ft $1.96/sq ft
2 Bedrooms $2,175/mo ~980 sq ft $2.22/sq ft
3 Bedrooms $2,525/mo ~1251 sq ft $2.02/sq ft
Market Metrics
Year-over-Year Change +0.8% Stable market
Vacancy Rate 2.2% Very tight supply
Walk Score 92/100 Walker's Paradise
Transit Score 53/100 Good Transit
What to Budget
At $1,325/mo for a 1-bedroom in Old Town, you should budget at least $3,975/mo in gross income (the standard 30% rule). For a studio at $950/mo, you'd need roughly $2,850/mo.
Studio income needed $2,850/mo
1BR income needed $3,975/mo
2BR income needed $6,525/mo
Moving to Old Town?
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