Average rent in Old Town, Chicago
The median asking rent in Old Town is $3,129 a month and the average is $3,543, based on 226 apartments available in 15 buildings as of September 21, 2026. By size, the median is $2,605 for a studio, $3,084 for a 1 bedroom, $4,354 for a 2 bedroom, $6,085 for a 3 bedroom.
That is 14% above the Chicago median of $2,754, which covers 5,718 available apartments in 374 buildings.
Old Town rent by apartment size
| Size | Median | Average | Range | Avg sq ft | Available |
|---|---|---|---|---|---|
| Studio | $2,605 | $2,615 | $1,947–$4,240 | 617 | 62 |
| 1 bedroom | $3,084 | $3,125 | $1,979–$4,352 | 752 | 86 |
| 2 bedroom | $4,354 | $4,437 | $2,283–$8,055 | 1,112 | 66 |
| 3 bedroom | $6,085 | $8,365 | $5,684–$23,177 | 1,485 | 8 |
| All sizes | $3,129 | $3,543 | 226 |
Asking rent is the listed monthly price before any move-in special. Only apartments available right now are counted. See how we measure rent.
How Old Town compares
| Neighborhood | Median | Studio | 1 bedroom | 2 bedroom |
|---|---|---|---|---|
| Old Town | $3,129 | $2,605 | $3,084 | $4,354 |
| West Loop | $2,813 | $2,360 | $2,889 | $4,116 |
| River North | $3,070 | $2,577 | $2,994 | $4,413 |
| South Loop | $2,856 | $2,378 | $2,755 | $3,495 |
| Streeterville | $3,206 | $2,654 | $3,079 | $4,502 |
| Gold Coast | $2,584 | $2,089 | $2,624 | $4,418 |
| Fulton Market | $3,271 | $2,476 | $3,177 | $4,407 |
| The Loop | $2,873 | $2,415 | $3,006 | $4,317 |
| Uptown | $2,195 | $1,750 | $2,385 | $3,593 |
| Lakeshore East | $3,101 | $2,499 | $3,111 | $4,450 |
| Lincoln Park | $2,957 | $2,000 | $3,159 | $4,943 |
Frequently asked
What is the average rent in Old Town?
The median asking rent in Old Town is $3,129 a month and the average is $3,543, based on 226 apartments available in 15 buildings as of September 21, 2026. By size, the median is $2,605 for a studio, $3,084 for a 1 bedroom, $4,354 for a 2 bedroom, $6,085 for a 3 bedroom.
How much is a studio apartment in Old Town?
The median asking rent for a studio in Old Town is $2,605 a month, ranging from $1,947 to $4,240 across 62 available units, with an average size of 617 square feet.
How much is a 1 bedroom apartment in Old Town?
The median asking rent for a 1 bedroom in Old Town is $3,084 a month, ranging from $1,979 to $4,352 across 86 available units, with an average size of 752 square feet.
How much is a 2 bedroom apartment in Old Town?
The median asking rent for a 2 bedroom in Old Town is $4,354 a month, ranging from $2,283 to $8,055 across 66 available units, with an average size of 1,112 square feet.
How much is a 3 bedroom apartment in Old Town?
The median asking rent for a 3 bedroom in Old Town is $6,085 a month, ranging from $5,684 to $23,177 across 8 available units, with an average size of 1,485 square feet.
Is Old Town more expensive than the rest of Chicago?
The median asking rent in Old Town is $3,129. That is 14% above the Chicago median of $2,754, which covers 5,718 available apartments in 374 buildings.
Where do these numbers come from?
Precise Rent reads each building's own published pricing and availability every morning and afternoon. These figures count only apartments that are available right now, at the listed monthly price before any move-in special.