Welcome to the big city. Yes, rents are at an all-time high in Chicago. Without knowing exactly which home and what neighborhood you're talking about, we can't comment on this specific situation, but for the most part, list prices of rentals are in line with the market. What's out of whack are the unrealistic expectations of renters who move here from a smaller area or people who haven't moved in a while. Our rentals have never been as high as NY, LA, Boston, San Francisco, Washington DC and other major markets. It's not surprising that they've caught up here when the condo market stalled. If you don't like the pricing, move to another part of the Chicago area where there are less expensive options.