Near North Side renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in Near North Side is about $2,112 per month. This puts it in the 95th percentile compared to the city average cost of rent, which is $1,422. Households in Near North Side have a median income of $10,221 per month so the average renter in Near North Side is spending roughly 21% of their earnings on housing.
Nationally, and in Near North Side, home values are the data point most closely correlated with the cost of rent. The median price of a home in Near North Side is $547,144 right now, which is higher than nearby neighborhoods, meaning that rents in Near North Side also tend to be higher versus these nearby neighborhoods.
Higher rent prices are common in the western parts of Near North Side while lower rent rates are often available in northwestern areas.
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