Rents are 6% below what Skokie's 10-year trend predicts — a better deal than its own history suggests.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,132 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: August 17, 2026
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Who lives here
Skokie, IL is majority owner-occupied, has a large retiree population, has a median income above the national average, 53.8% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Skokie, IL has changed in 5 years
Across the past five years, the going rent in Skokie, IL has shifted from $1,513 to $2,132, up 40.9% since 2021. On the earnings side, the typical household in Skokie, IL now reports about $95,337, up from $80,543 in 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show Skokie, IL losing about 1,225 residents over the five-year window, down 1.8% on net. The renter share has eased from 27.6% to 25.3%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 49.4% to 53.8% across the same window. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and Skokie, IL reflects that arc in its own way.
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Can you afford rent in Skokie on your salary?
At $2,132/mo, how Skokie rent compares to typical pay (30% rule).
Skokie rent by bedroom count
Median rent for each apartment size in Skokie. Click any size for full breakdown.
Tips for renters in Skokie
Last updated: August 17, 2026
The median rent in Skokie is $2,132/mo as of August 2026. A studio apartment averages $1,535/mo while a 2-bedroom runs $1,855/mo. One-bedroom apartments average $1,640/mo and 3-bedroom units go for $2,380/mo.
At 27% of local median household income ($95,337/yr), Skokie ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.3% over the past year.
Frequently asked questions
Is Skokie an affordable city for renters?
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Which Skokie neighborhoods have the lowest rent?
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What percentage of Skokie residents rent vs. own?
How does Skokie rent compare to the national average?
At $2,132/mo, rent takes ~27% of Skokie's median household income ($95,337/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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