CHICAGO — The median monthly rental cost for a one bedroom apartment in Chicago in March was $1,760, according to a new report.
Of the 29 neighborhoods examined, the Near North Side was the most expensive, at $2,140 for a one-bedroom unit, according to the rental web site zumper.com. The least expensive was Grand Crossing, at $680 per month.
The city wide median rent for a two-bedroom was $2,370, the zumper.com report said. Compared to February, one-bedroom rents were up 5.4 percent. Quarter to quarter, rents were down 1.1 percent.
Nationally, Chicago was ranked seventh in the nation among big cities. Number one was San Francisco, with a median one-bedroom rent of $3,400 and $4,580 for a two-bedroom unit, zumper said. New York was number two, at $3,000 and $3,580.
The figures are based on rents of units offered on its website. The median rental price means that half of the units cost more and half cost less.
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