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Zumper: Rents up in Chicago

by Timothy Inklebarger

Zumper: Rents up in Chicago

Median rents for both one- and two-bedroom apartments across the nation grew by 0.3 percent in February, according to a report by online rental listing service Zumper.

The bump in rents put the median cost of a one-bedroom apartment at $1,220 and of a two-bedroom apartment at $1,464.

Year-over-year, the median price of a one-bedroom apartment was flat, while two-bedroom apartments were up 0.7 percent.

Chicago outpaced the national trend in February, jumping 2 percent for a one-bedroom apartment to $1,520 and 1.8 percent for a two-bedroom to $1,730. Year-over-year, the median was down 3.2 percent for a one-bedroom apartment and 8.5 percent for a two-bedroom.

The median price of the one-bedroom in February put Chicago at the No. 16 spot for most expensive city in which to rent.

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