All 27 neighborhoods in Chicago ranked by cost of living index. Updated 2026.
| # | Neighborhood | 1BR Rent | Index | vs Avg |
|---|---|---|---|---|
| 1 | Portage Park | $1,500/mo | 0.75x | -25% |
| 2 | Bridgeport | $1,560/mo | 0.78x | -22% |
| 3 | Chinatown | $1,560/mo | 0.78x | -22% |
| 4 | Rogers Park | $1,560/mo | 0.78x | -22% |
| 5 | Irving Park | $1,600/mo | 0.80x | -20% |
| 6 | Pilsen | $1,640/mo | 0.82x | -18% |
| 7 | Humboldt Park | $1,640/mo | 0.82x | -18% |
| 8 | Beverly | $1,640/mo | 0.82x | -18% |
| 9 | Hyde Park | $1,700/mo | 0.85x | -15% |
| 10 | Avondale | $1,700/mo | 0.85x | -15% |
| 11 | Uptown | $1,760/mo | 0.88x | -12% |
| 12 | Oak Park | $1,800/mo | 0.90x | -10% |
| 13 | Edgewater | $1,800/mo | 0.90x | -10% |
| 14 | Logan Square | $1,840/mo | 0.92x | -8% |
| 15 | Evanston | $1,900/mo | 0.95x | -5% |
| 16 | Ravenswood | $1,900/mo | 0.95x | -5% |
| 17 | Lakeview | $2,100/mo | 1.05x | +5% |
| 18 | Ukrainian Village | $2,100/mo | 1.05x | +5% |
| 19 | Wicker Park | $2,160/mo | 1.08x | +8% |
| 20 | South Loop | $2,160/mo | 1.08x | +8% |
| 21 | Bucktown | $2,200/mo | 1.10x | +10% |
| 22 | Lincoln Park | $2,300/mo | 1.15x | +15% |
| 23 | Old Town | $2,300/mo | 1.15x | +15% |
| 24 | West Loop | $2,360/mo | 1.18x | +18% |
| 25 | The Loop | $2,400/mo | 1.20x | +20% |
| 26 | River North | $2,440/mo | 1.22x | +22% |
| 27 | Gold Coast | $2,500/mo | 1.25x | +25% |
Rent estimates based on city average of $2,000/mo adjusted by neighborhood cost index. Index 1.00 = city average.
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Open a Wise Account →The cheapest neighborhood in Chicago is Portage Park, with an estimated 1-bedroom rent of $1,500/month — 25% below the city average.
The average 1-bedroom rent in Chicago is approximately $2,000/month. Rents range from $1,500/mo (Portage Park) to $2,500/mo (Gold Coast).
Our database covers 27 neighborhoods in Chicago, each with detailed cost-of-living and salary data.