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Most Expensive Places to Buy and Rent in Chicago

by Stephanie Sims

chicago-most-expensive-places-buy-or-rent-near-north-side-lincoln-park-engelwood-museum-campus

What are the most expensive places to buy and rent in Chicago? We investigate!

Ever wonder what areas of Chicago really have the highest listing prices and what areas have the lowest? Homes.com searched the listings on its own site for the Chicago areas with the average highest listing price and average lowest listing price.

According to listings on its site, areas like Lincoln Park and Bridgeport continue to demand the most per square foot, while areas like Englewood and Jeffrey Manor are experiencing low asking prices. Here are the breakdowns:

Most Expensive Chicago Neighborhoods to Buy (average listing price)

Near North Side – $1,269,693
Lincoln Park – $1,093,533
Wrightwood – $899,000
Lower West Side – $813,771
Bridgeport – $756,470

Least Expensive Chicago Neighborhoods to Buy (average listing price)

Bartletts – $11,500
Riverdale – $21,850
West Englewood – $44,761
Englewood – $46,761
Jeffery Manor – $55,300

Homes.com also collected the average rental listing prices in the various Chicago neighborhoods and areas. Judging from our cover story about Related Midwest’s revamping of Museum Campus, Museum Park may stay at the top of the most expensive list:

Most Expensive rents in Chicago by Neighborhood (average listing price)

Museum Park – $3,450
Near South Side – $3,319
Near North Side – $3,207

Least Expensive Chicago Subdivisions to Rent (average listing price)

Gage Park – $725
Chicago Lawn – $875
Burnside – $875
Englewood – $900
Calumet Heights – $900

Are you surprised by these results? Not surprised at all? Whatever your reaction, you now know where to bring any client, whether they’re looking to buy or rent, and no matter what their price range is!

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