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City Report · IL

Chicago Ridge

Pop. 14,099·97th most expensive in Illinois·Rental market data updated monthly for Chicago Ridge, IL
Median rent (all units)
$1,519/mo
Year-over-Year
Stable
Month-over-Month
-1.6%
vs US Median
-$446
Falling (Monthly)
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Most AffordableMost Expensive
Chicago Ridge · $1,519
More affordable than 74% of US cities · National median $1,965/mo
Affordability
26% of income
AFFORDABLE
0%30% benchmark60%+

At $1,519/mo, rent takes about 26% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$61,000/yr
Local median income
$68,964/yr
Based on the 30%-of-income rule using Chicago Ridge's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,210
1 BR
$1,290
2 BR
$1,460
3 BR
$1,880
4 BR+
$2,200
Research median
$1,460/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$18,228/yr
At $1,519/mo median
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 0.0% YoY), so renters have negotiating leverage.
Based on rent-price momentum (+0.0% YoY, -1.6% MoM), not inventory.
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Demographics

Who lives here

Chicago Ridge, IL is roughly split between renters and owners, 28.6% of residents hold a bachelor's degree or higher.

Population
14,099
Median income
$68,964
Median age
34
Renters
49.9%
Age distribution
24.6%
27.2%
21.7%
13.7%
12.9%
Under 1824.6%
18–3427.2%
35–5421.7%
55–6413.7%
65+12.9%
Gender
49.6%
50.4%
Male49.6%
Female50.4%
Race & ethnicity
60.7%
21%
White60.7%
Black9.5%
Hispanic21%
Asian3.1%
Other5.6%
Education (25+)
27.3%
33.1%
28.6%
No HS diploma10.9%
HS diploma27.3%
Some college33.1%
Bachelor's+28.6%
Housing tenure
50.1%
49.9%
Owner50.1%
Renter49.9%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Chicago Ridge, IL has changed in 5 years

Income
$56,494 → $68,964
up 22.1%
Population
14,413 → 14,099
down 2.2%
Renter share
43.7% → 49.9%
+6.2 pts
Bachelor's+
27.3% → 28.6%
+1.3 pts
Median age
35.7 → 34
-1.7 yrs

Household income in the area moved from $56,494 to $68,964 across the same window, up 22.1% versus 2021. The population has contracted by 2.2% since 2021, moving from about 14,413 residents to roughly 14,099. Renters now make up 49.9% of households, compared with 43.7% five years ago.

Community

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View Chicago Ridge rent history (2015–2026) →
Salary vs rent

Can you afford rent in Chicago Ridge on your salary?

At $1,519/mo, how Chicago Ridge rent compares to typical pay (30% rule).

By apartment size

Chicago Ridge rent by bedroom count

Median rent for each apartment size in Chicago Ridge. Click any size for full breakdown.

Local insights

Tips for renters in Chicago Ridge

About renting in Chicago Ridge, IL

Last updated: July 20, 2026

The median rent in Chicago Ridge is $1,519/mo as of July 2026. A studio apartment averages $1,210/mo while a 2-bedroom runs $1,460/mo. One-bedroom apartments average $1,290/mo and 3-bedroom units go for $1,880/mo.

At 26% of local median household income ($68,964/yr), Chicago Ridge ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Chicago Ridge an affordable city for renters?

Chicago Ridge is considered affordable for renters. At $1,519/mo, rent takes approximately 26% of the local median household income ($68,964/yr). The standard benchmark is 30%. Chicago Ridge falls comfortably within that range.

How much income do you need to rent in Chicago Ridge?

To keep rent at or below 30% of gross income, you would need to earn at least $61,000/year (~$29/hour full-time) to afford the median rent of $1,519/mo in Chicago Ridge. The local median household income is $68,964/yr, meaning the typical Chicago Ridge household meets that threshold.

Is rent going up or down in Chicago Ridge?

Rent in Chicago Ridge has been relatively stable over the past year, with a 0.0% change year over year as of July 2026.

How does Chicago Ridge rent compare to other cities in Illinois?

Chicago Ridge is one of the more affordable cities in Illinois for rent, ranking #97 out of 142 tracked cities at $1,519/mo.

Which nearby cities are cheaper to rent in than Chicago Ridge?

Worth is nearby and more affordable at $1,463/mo, which is $56 less than Chicago Ridge.

What percentage of Chicago Ridge residents rent vs. own?

According to Census data, approximately 49.9% of Chicago Ridge households are renters, while 50.1% are owner-occupied. Chicago Ridge leans toward homeownership, which can mean a smaller rental inventory.

How does Chicago Ridge rent compare to the national average?

Chicago Ridge's median rent of $1,519/mo is $446 (23%) below the US national median of $1,965/mo. Within Illinois, it ranks #97 out of 142 tracked cities.
Income Affordability
26%
AFFORDABLE

At $1,519/mo, rent takes ~26% of Chicago Ridge's median household income ($68,964/yr). The standard benchmark is 30%.

Chicago Ridge 26%Benchmark 30%
State income tax4.95%
Run the Chicago Ridge affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Chicago Ridge, IL

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