Property Prices in Chicago, IL, United States

Index Info
Price to Income Ratio: 3.15
Mortgage as Percentage of Income: 27.89%
Loan Affordability Index: 3.59
Price to Rent Ratio - City Centre: 7.15
Price to Rent Ratio - Outside of Centre: 7.24
Gross Rental Yield (City Centre): 13.98%
Gross Rental Yield (Outside of Centre): 13.81%
Rent Per Month
Edit Range
1 Bedroom Apartment in City Centre $2,406.94 2,000.00-3,500.00
1 Bedroom Apartment Outside of City Centre $1,694.12 1,375.00-2,200.00
3 Bedroom Apartment in City Centre $4,673.08 3,000.00-7,200.00
3 Bedroom Apartment Outside of City Centre $2,802.54 2,200.00-4,000.00
Buy Apartment Price
Edit
Price per Square Meter to Buy Apartment in City Centre $3,889.48 2,725.00-5,059.04
Price per Square Meter to Buy Apartment Outside of Centre $2,578.25 2,271.00-3,229.17
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) $5,136.82
Annual Mortgage Interest Rate (20-Year Fixed, in %) 6.38 6.00-7.30

These data are based on 177 entries from 28 contributors over the past 18 months.
Last update: 13 June 2026

Sources and References
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1 Comments so far
mamta shukla on Nov 14, 2021:
i would like to purchase 1BR apartment in Chicago. but i am not aware of procedure and cost.
if i can get details, will be very much convenient for me to decide and invest.
currently i am residence of Dubai and holding Indian passport.
Thanks.