Key takeaway: A one-bedroom in Chinatown rents for about $1,500 a month in fall 2026 by Zumper’s count and up to $2,200 for newer units on RentHop, two-bedrooms about $1,650 to $1,700, and the Red Line, Metra and a water taxi to downtown are all close by.
Chinatown sits south of the South Loop around Cermak Road, Wentworth Avenue and Archer Avenue, with Ping Tom Memorial Park on the river. It’s a short ride to the Loop with lower rents than the South Loop next door. Here’s what it costs.
Rent by apartment size
| Unit | Zumper, Armour Square (avg., Oct 2026) | RentHop, Chinatown (Oct 2026) |
|---|---|---|
| Studio | n/a | $1,550 |
| 1 bedroom | $1,500 | $2,200 |
| 2 bedrooms | $1,700 | $1,650 |
| 3 bedrooms | n/a | $2,500 |
Source: Zumper Armour Square rent research, updated October 25, 2026 (Zumper covers Chinatown under the Armour Square community area); RentHop Chinatown. RentHop’s one-bedroom figure is above its two-bedroom figure, which usually means a few new units are pulling the one-bedroom number up. Sources differ because they track different listings; see why rent reports disagree.
Getting around
- L: Red Line at Cermak-Chinatown and Sox-35th; Green Line at Cermak-McCormick Place to the east. From the City of Chicago’s list of L stops.
- Metra: the 35th Street station on the Rock Island Line is Zone 2: $3.75 one way (Metra fares). See Metra fares.
- Water taxi: the Chicago Water Taxi stops at Ping Tom Park in season; a one-way ride is $10, or $3 a ride with a 10-ride commuter pass (Chicago Water Taxi).
- Buses: #24 Wentworth, #21 Cermak, #62 Archer and #44 Wallace/Racine.
A 30-day CTA pass is $75 (CTA).
Groceries nearby
| Store | Address |
|---|---|
| Target South Loop | 1154 S. Clark St. |
| Mariano’s South Loop | 1615 S. Clark St. |
| Jewel-Osco Canal and 14th | 1340 S. Canal St. |
Source: each store’s own location page or locator, checked October 25, 2026. See our Chicago grocery guide. Chinatown also has independent markets along Wentworth and Archer.
Parking
The Chinatown Parking Corporation runs public lots at Cermak and Wentworth and at Archer and Wentworth (Chinese Mutual Aid Association). Many residential blocks are permit zones. Adding your zone to your City Sticker costs $25 to $35 a year (the City Clerk’s City Sticker page lists $25 and its zone parking FAQ lists $35), on top of a $105.18 sticker for a passenger car in 2026. Guest passes are $15 for a sheet of 15. Check your block with the Clerk’s zone lookup before you sign a lease if you’ll have a car. More in our Chicago parking guide.
Property taxes and home prices
The Assessor’s 2024 report put Armour Square median sale prices at $295,000 for a condo, $425,000 for a single-family home and $685,000 for a two-to-six-unit building (Cook County Assessor, 2024 Chicago report). The Treasurer put the 2024 median sale price for the wider area including Armour Square, Bridgeport, McKinley Park and Pilsen at $355,000 (Cook County Treasurer, tax year 2024 report). Citywide, the median Chicago homeowner bill for tax year 2025, mailed in August 2026, was $4,597, up 3.2% (Cook County Treasurer).
Chinatown’s business district is in SSA 73, which had an estimated rate of 0.116% in its 2022 budget (City of Chicago SSA 73 audit). For how bills are set and how to appeal, see our property tax guide.
A sample monthly budget
| Setup | Rent | CTA pass | Income needed at 30% rent |
|---|---|---|---|
| Your own one-bedroom | $1,500 | $75 | $60,000 |
| Half of a two-bedroom | $850 | $75 | $34,000 |
| Your own two-bedroom | $1,700 | $75 | $68,000 |
Source: our calculation from the Zumper averages above. Income needed is monthly rent times 12, divided by 0.30. For a fuller answer that includes taxes and the rest of your budget, try our Chicago salary calculator, and see Chicago move-in costs for what you’ll pay up front.
Compare every neighborhood side by side in our Chicago neighborhood cost comparison, or work out your own number with our salary calculator. More neighborhood cost profiles: Albany Park, Avondale, Beverly, Bridgeport, Bronzeville, Chatham, East and West Garfield Park, Edgewater and Andersonville, Gold Coast and Old Town, Humboldt Park, Hyde Park, Irving Park, Jefferson Park, Lakeview, Lincoln Park, Lincoln Square, Little Village, Logan Square, McKinley Park, North Center, Pilsen, Portage Park, River North and Streeterville, Rogers Park, South Loop, Uptown, West Loop, West Ridge and Wicker Park and Ukrainian Village.
Sources
- Zumper: Armour Square rent
- RentHop: Chinatown rent
- 35th Street Metra station
- Metra fare table
- Chicago Water Taxi fares
- Chinese Mutual Aid: parking
- Cook County Treasurer: tax year 2024 report
- City of Chicago: SSA 73 audit
- City of Chicago: list of L stops
- CTA fares
- City Clerk: City Sticker prices
- City Clerk: residential zone parking
- Cook County Assessor: 2024 Chicago report
- Cook County Treasurer: tax year 2025 analysis