Chicago-Naperville-Elgin, IL-IN Average Rent & Rental Yield
Compare average asking rent (median), gross rental yield, home value, and transaction activity before moving into listing-level underwriting or investor discovery.
Average rent in Chicago-Naperville-Elgin, IL-IN
The median asking rent in Chicago-Naperville-Elgin, IL-IN is $1,650 as of July 2026, based on active rental listings across the metro. We report the median — the midpoint of asking rents — because it tracks the typical listing more reliably than a simple average, which luxury and outlier listings can skew.
Against an average home value of $213,124, that rent level prices Chicago-Naperville-Elgin, IL-IN at a 11.71% gross rental yield — compared with 9.42% across Indiana.
Metro vs state rental signal
The metro read is a first-pass screen. Compare it with the state baseline, then pressure-test taxes, insurance, vacancy, rehab, and financing assumptions at the property level.
Chicago-Naperville-Elgin, IL-IN rent and rental yield comparison
The current Chicago-Naperville-Elgin, IL-IN baseline is $1,650 median asking rent and 11.71% gross rental yield. Compare rent, yield, and home values with selected Indiana metros, then open a public report or Rental Insights for property-level follow-up.
Indianapolis-Carmel-Greenwood, IN
Indianapolis-Carmel-Greenwood, IN median asking rent is $1,875, $225 (13.6%) higher than the $1,650 median asking rent in Chicago-Naperville-Elgin, IL-IN.
- Median rent
- $1,875
- Gross yield
- 8.82%
- Avg home value
- $284,833
Louisville/Jefferson County, KY-IN
Louisville/Jefferson County, KY-IN median asking rent is $1,722, $72 (4.4%) higher than the $1,650 median asking rent in Chicago-Naperville-Elgin, IL-IN.
- Median rent
- $1,722
- Gross yield
- 9.73%
- Avg home value
- $230,847
Terre Haute, IN
Terre Haute, IN median asking rent is $1,125, $525 (31.8%) lower than the $1,650 median asking rent in Chicago-Naperville-Elgin, IL-IN.
- Median rent
- $1,125
- Gross yield
- 12.98%
- Avg home value
- $83,210
Bloomington, IN
Bloomington, IN median asking rent is $2,094, $444 (26.9%) higher than the $1,650 median asking rent in Chicago-Naperville-Elgin, IL-IN.
- Median rent
- $2,094
- Gross yield
- 8.94%
- Avg home value
- $319,214
South Bend-Mishawaka, IN-MI
South Bend-Mishawaka, IN-MI median asking rent is $1,400, $250 (15.2%) lower than the $1,650 median asking rent in Chicago-Naperville-Elgin, IL-IN.
- Median rent
- $1,400
- Gross yield
- 12.79%
- Avg home value
- $129,370
Muncie, IN
Muncie, IN median asking rent is $1,250, $400 (24.2%) lower than the $1,650 median asking rent in Chicago-Naperville-Elgin, IL-IN.
- Median rent
- $1,250
- Gross yield
- 13.17%
- Avg home value
- $132,526
Marion, IN
Marion, IN median asking rent is $1,200, $450 (27.3%) lower than the $1,650 median asking rent in Chicago-Naperville-Elgin, IL-IN.
- Median rent
- $1,200
- Gross yield
- 14.75%
- Avg home value
- $85,236
Peru, IN
Peru, IN median asking rent is $1,050, $600 (36.4%) lower than the $1,650 median asking rent in Chicago-Naperville-Elgin, IL-IN.
- Median rent
- $1,050
- Gross yield
- 15.71%
- Avg home value
- $70,250
Chicago-Naperville-Elgin, IL-IN rent and yield FAQ
Quick answers based on the latest Chicago-Naperville-Elgin, IL-IN rental listing and transaction data.
What is the average rent in Chicago-Naperville-Elgin, IL-IN?
As of July 2026, the median asking rent in Chicago-Naperville-Elgin, IL-IN is $1,650. SFR Analytics reports the median of active rental listings rather than a simple average so outlier luxury listings do not distort the figure.
What is a good rental yield in Chicago-Naperville-Elgin, IL-IN?
Chicago-Naperville-Elgin, IL-IN currently prices at a 11.71% gross rental yield, versus 9.42% across Indiana. Treat gross yield as a first-pass screen — it excludes taxes, insurance, vacancy, rehab, and financing, so underwrite at the property level before acting on it.
Move from Chicago-Naperville-Elgin, IL-IN market context to property-level screening
Open Rental Insights with Chicago-Naperville-Elgin, IL-IN selected, then pair the yield signal with investor activity and rental data workflows.