Last updated
Average Rent in Little Italy & Rent Trends
Rent prices and market trends across 2 apartment communities in Little Italy, Chicago, IL. Updated daily.
Market Average
$3,428/mo
Lowest Available
$1,750/mo
cheapest unit on market
Communities
2
tracked daily
Units Listed
25
available now
Price Cuts This Week in Little Italy
10 listed units across 1 building in Little Italy dropped their asking rent in the past 7 days, an average cut of $90/mo. These are the largest cuts, tracked unit by unit with daily price checks.
| Apartment | Unit | Last Week | Now | Cut |
|---|---|---|---|---|
| Parq Fulton | Unit 401, B2 | $4,444 | $4,188 | $256 |
| Parq Fulton | Unit 901, B2 | $4,528 | $4,291 | $237 |
| Parq Fulton | Unit 903, Jr1 | $2,366 | $2,239 | $127 |
| Parq Fulton | Unit 1604, Jr2 | $2,665 | $2,579 | $86 |
| Parq Fulton | Unit 1310, Jr3 | $2,496 | $2,463 | $33 |
| Parq Fulton | Unit 1403, Jr1 | $2,526 | $2,493 | $33 |
| Parq Fulton | Unit 1704, Jr2 | $2,712 | $2,679 | $33 |
| Parq Fulton | Unit 2204, Jr2 | $2,652 | $2,619 | $33 |
Little Italy vs Chicago, IL Average
Little Italy is more expensive than the Chicago, IL average by $498/mo (17%). The citywide average is $2,930/mo across all neighborhoods.
Is Rent Going Up or Down in Little Italy?
As of August 2026, the average rent in Little Italy is $3,428 per month across 2 apartment communities and 25 available units.
The most affordable option is Hotspot Apartment Rentals starting at $1,750/mo. By unit type, a studio averages $2,531/mo, a 1-bedroom averages $3,477/mo, a 2-bedroom averages $3,797/mo, a 3-bedroom averages $4,592/mo, a 4-bedroom averages $5,365/mo.
Prices range from $1,750 to $5,898 per month. The most common price point is the $3,600 range, where 5 units are currently listed.
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in Little Italy
Rent Prices by Apartment in Little Italy
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Hotspot Apartment Rentals | $1,750/mo | $3,188/mo | 4 | 5 |
| Parq Fulton | $2,383/mo | $3,474/mo | 21 | 4.8 |
Frequently Asked Questions About Rent in Little Italy
What is the average rent in Little Italy?
Is rent going up or down in Little Italy?
What is the cheapest apartment in Little Italy?
How much is a 1-bedroom apartment in Little Italy?
How many apartments are available in Little Italy?
What salary do I need to live comfortably in Little Italy?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$137,000/year
Based on the 30 percent rule, using our tracked average rent of $3,428/mo.
Comfortable income
$165,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,750/mo), you need to earn at least $70,000/year.
Median household income in Little Italy is $75,134 , about 54% below the comfortable-living threshold.
Cost of living in Little Italy
Overall prices in Little Italy runs above the national average by about 2% (BEA Regional Price Parity index 102.5, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Little Italy's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $3,428 |
| Utilities | $477 |
| Groceries | $563 |
| Transportation | $1,138 |
| Healthcare | $555 |
| Other goods and services | $888 |
| Estimated total | $7,049/mo |
Population
2,707,648
Median household income
$75,134
Census median rent
$1,380/mo
Rent as % of income
29.0%
Median age
35.7
Mean commute
34 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Google Search Trends for Little Italy Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Little Italy Apartments
Browse all 2 communities with daily-updated pricing and availability.