The Most and Least Expensive Areas to Rent in New City, Chicago, IL

New City 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.

 

New City, Chicago, IL of rent costs by neighborhood
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Rental Price Key

High-end
Mid-tier
Most affordable

On average, the cost of rent in New City is about $891 per month. This puts it in the 10th percentile compared to the city average cost of rent, which is $1,422. Households in New City have a median income of $2,598 per month so the average renter in New City is spending roughly 34% of their earnings on housing.

Nationally, and in New City, home values are the data point most closely correlated with the cost of rent. The median price of a home in New City is $141,428 right now, which is lower than nearby neighborhoods, meaning that rents in New City also tend to be lower versus these nearby neighborhoods.

Higher rent prices are common in the northeastern parts of New City while lower rent rates are often available in southern areas.

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