Chicago, United States
Property prices · 2026 · Americas · Price +2.9% vs 2025
Property price trend in Chicago (2024–2026)
Property comparison — cities in United States (2026)
| City | Centre /sqm | Outside /sqm | 1-Bed Rent | vs Chicago |
|---|---|---|---|---|
| Chicago | USD 6,206 | USD 3,745 | USD 1,926 | — |
| New York | USD 19,795 | USD 11,235 | USD 3,745 | +219% |
| San Francisco | USD 17,976 | USD 10,486 | USD 3,424 | +189.7% |
| Seattle | USD 12,305 | USD 7,704 | USD 2,996 | +98.3% |
| Los Angeles | USD 12,305 | USD 8,025 | USD 2,996 | +98.3% |
| Boston | USD 10,914 | USD 6,848 | USD 2,782 | +75.9% |
| Washington DC | USD 10,165 | USD 6,313 | USD 2,568 | +63.8% |
| Miami | USD 9,095 | USD 5,885 | USD 2,675 | +46.6% |
| Austin | USD 7,704 | USD 4,815 | USD 2,033 | +24.1% |
Other Americas cities (2026)
Frequently asked questions
How much does property cost in Chicago in 2026?
In Chicago, the average price per sqm in the city centre is USD 6,206, and USD 3,745 outside the centre (2026 data). Prices have risen 7% since 2024.
How much is rent in Chicago in 2026?
A 1-bedroom apartment in Chicago rents for approximately USD 1,926 per month in 2026. A 3-bedroom apartment costs around USD 3,424/month.
Is it better to buy or rent in Chicago?
Buying and renting are roughly comparable in Chicago. The price-to-rent ratio is 18.0x — it would take approximately 18.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 6.80%.
What are mortgage rates in United States in 2026?
The average mortgage rate in United States is approximately 6.80% as of 2026. With a price-to-rent ratio of 18.0x, buyers should carefully weigh mortgage costs against rental savings.
How have property prices in Chicago changed?
Property prices in Chicago have changed +2.9% vs 2025. Since 2024, prices have increased by 7%. Use the year tabs above to compare prices across years.
What is the price per sqm in Chicago?
The average property price per square metre in Chicago city centre is USD 6,206 in 2026. Outside the centre, expect to pay around USD 3,745/sqm.