Chicago Among Cities to See Rent Prices Drop: Source

Rent prices in several cities—including Chicago—have dropped within the span of a year, according to a report, despite a rise in prices across the U.S.

According to, Chicago made the list of a handful of cities where prices in rent dropped—just under 1 percent from this time last year.

The cost of an average 1-bedroom in the windy city is now $1,067 a month.

Apartment List calculated rent growth rates by looking at year-over-year changes using rent data collected from information acquired by the Census through the American Community Survey, which included large multifamily buildings and single-family homes.

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