Average Rent in Near West Side, Chicago, IL

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Current Versus Historical Near West Side, Chicago, IL Rents

Near West Side rentals average $2,407 for a 1-bedroom rental to $6,300 for a 4-bedroom rental. The median price of all currently available listings is $2,725, or roughly $2 per square feet.

For the apartment units and housing in December 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have decreased by $443 (-17.84%) year-over-year from $2,481 to $2,038. 1-bedroom rentals prices have decreased by $589 (-19.07%) year-over-year from $3,089 to $2,500. 2-bedroom rentals prices have decreased by $450 (-12.35%) year-over-year from $3,648 to $3,198. 3-bedroom rentals prices have decreased by $2,319 (-39.18%) year-over-year from $5,919 to $3,600. 4-bedroom rentals prices have increased by $2,600 (61.91%) year-over-year from $4,200 to $6,800. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 12.22% this month. 1-bedroom rents have gone down by 13.03% this month. 2-bedroom rents have gone down by 13.27% this month. 3-bedroom rents have gone down by 16.37% this month. 4-bedroom rents have gone up by 25.93% this month.

Beds	Price / Sqft	Dec 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$3.54	$2,500	$3,089 (-19.07%)	$2,971 (-15.85%)
2 BR	$2.27	$3,198	$3,648 (-12.35%)	$3,198 (-0.03%)
3 BR	$1.92	$3,600	$5,919 (-39.18%)	$4,621 (-22.09%)
4+ BR	$1.69	$6,800	$4,200 (61.91%)	$3,399 (100.05%)

Historical Rents in Near West Side, Chicago, IL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Near West Side

There are a total of 7 cities nearby Near West Side. The average rent in Near West Side is currently $2,400 per month. A total of 6 cities nearby have an average rent lower than that. Our records show that Chicago, IL, with an average rent of $2,165, is the most affordable city nearby. In contrast, the most expensive city near Near West Side, Chicago, IL is Evanston, IL. Monthly rents here are on average $2,730 per month.

Let's compare Near West Side, Chicago, IL's rent against other top cities nearby by bedroom size. One bedrooms are about 22.75% more expensive. Two bedrooms in Near West Side, Chicago, IL are about 18.97% more expensive. Finally, rent for three bedrooms are about 9.71% more affordable. Want more information? Check out the top 7 cities near Near West Side, Chicago, IL in the following chart.

City	Studio	1 Bed	2 Bed	All
Chicago, IL	$1,395	$1,887	$2,250	$2,165
Schaumburg, IL	N/A	$2,186	$2,350	$2,253
Wheaton, IL	N/A	$1,859	$2,699	$2,271
Aurora, IL	N/A	$1,523	$2,300	$2,400
Naperville, IL	N/A	$1,490	$2,250	$2,560
Oak Park, IL	N/A	$1,600	$2,650	$2,650
Evanston, IL	N/A	$2,100	$2,700	$2,730

Top Neighborhoods Near Near West Side

There are a total of 15 neighborhoods in or near Near West Side. Some of these neighborhoods include South Shore, Uptown, and Rogers Park. We've included all of these top 15 neighborhoods in or near Near West Side, Chicago, IL in the following chart.

The average rent for these 15 neighborhoods in or near Near West Side, Chicago, IL is currently around $2,200 per month. A total of 12 neighborhoods have a lower average rent. Meaning, only three neighborhoods have a higher average rent than $2,200. Out of all the neighborhoods in or near Near West Side, South Shore has the most affordable average rent at $1,250 per month. Whereas, at $3,100 average rent per month, The Loop is the most expensive neighborhood in or near Near West Side. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
South Shore, Chicago, IL	$1,018	$1,175	$1,238	$1,250
Uptown, Chicago, IL	$1,198	$1,650	$2,233	$1,650
Rogers Park, Chicago, IL	$1,188	$1,525	$1,900	$1,650
Edgewater, Chicago, IL	$1,325	$1,675	$2,195	$1,814
Humboldt Park, Chicago, IL	N/A	$2,150	$1,600	$1,900
Pilsen, Chicago, IL	N/A	$1,450	$1,595	$2,100
Woodlawn, Chicago, IL	N/A	$1,700	$1,675	$2,200
West Rogers Park, Chicago, IL	N/A	$1,725	$1,925	$2,200
Bronzeville, Chicago, IL	N/A	$1,900	$2,200	$2,203
Logan Square, Chicago, IL	$1,600	$2,100	$2,150	$2,295
Lakeview, Chicago, IL	$1,595	$1,900	$2,798	$2,439
South Loop, Chicago, IL	$1,775	$2,200	$2,900	$2,700
West Town, Chicago, IL	$2,413	$2,600	$2,842	$2,863
Near North Side, Chicago, IL	$1,785	$2,400	$3,798	$2,900
The Loop, Chicago, IL	$2,000	$2,400	$3,200	$3,100

Top Counties Near Near West Side

There are a total of 15 counties located by Near West Side, Chicago, IL. Some of these counties include Chicago, IL, Downers Grove, IL, and Schaumburg, IL. The average rent for rentals in these counties is $2,450. That's roughly around $2 per sqft. A total of 8 counties have a lower average rent. The county that is the most affordable is Chicago, IL. It's average rent per month is $2,165. Vice versa, with an average rent of $2,730, Evanston, IL is the most expensive county by Near West Side, Chicago, IL.

In comparison, rent for one bedroom listings in Near West Side, Chicago, IL is 22.75% more expensive than other counties nearby. Finally, rent for two bedrooms in Near West Side, Chicago, IL is 20.69% more expensive than other counties nearby. We've listed the top 9 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Chicago, IL	$1,395	$1,887	$2,250	$2,165
Downers Grove, IL	N/A	$1,850	$2,210	$2,208
Schaumburg, IL	N/A	$2,127	$2,195	$2,250
Milton, IL	N/A	$1,859	$2,300	$2,260
Naperville, IL	N/A	N/A	$2,300	$2,450
Libertyville, IL	N/A	$1,966	$2,300	$2,500
Leyden, IL	N/A	$1,450	$2,550	$2,550
Oak Park, IL	N/A	$1,600	$2,650	$2,650
Evanston, IL	N/A	$2,100	$2,700	$2,730

Top Zipcodes Near Near West Side

There are a total of 4 zipcodes in or near Near West Side, Chicago, IL. The average rent for all of these zipcodes is $2,071. A total of 4 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 60641, Chicago, IL at $2,000 per month. In comparison, the zipcode with the most expensive average rent of $2,100 per month is 60625, Chicago, IL.

Studios in these zipcodes have an average rent of $1,399. That's at least $2 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Near West Side, Chicago, IL is $1,455 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,945 per month. Which comes out to $2 per sqft. The following chart includes the top 4 zipcodes in Near West Side, Chicago, IL. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
60618, Chicago, IL	$1,695	$1,700	$1,995	$2,048
60641, Chicago, IL	$948	$1,450	$1,750	$2,000
60615, Chicago, IL	$1,250	$1,460	$1,895	$2,095
60625, Chicago, IL	$1,548	$1,450	$2,050	$2,100

Frequently Asked Questions - Near West Side Average Rents

What is the average rent price in Near West Side, Chicago, IL?

The average monthly rental price for Near West Side, Chicago, IL apartments for rent is approximately $2,725. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Near West Side, Chicago, IL rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Near West Side, Chicago, IL.

How much is a studio apartment in Near West Side, Chicago, IL?

The average monthly rental price for studio apartments is $0 and an average price per square feet of $0.00. There are a total of 0 studio apartment listings currently available for rent in Near West Side.

How much is a one bedroom apartment in Near West Side, Chicago, IL?

The average monthly rental price for one bedroom apartments is $2,407 and an average price per square feet of $3.54. There are a total of 12 one bedroom apartment listings currently available for rent in Near West Side.

How much is a two bedroom apartment in Near West Side, Chicago, IL?

The average monthly rental price for two bedroom apartments is $2,900 and an average price per square feet of $2.27. There are a total of 32 two bedroom apartment listings currently available for rent in Near West Side.

How have rent prices in Near West Side, Chicago, IL changed this year?

Rent prices for rentals in Near West Side, Chicago, IL can fluctuate yearly. Specifically, studio rental prices have changed by -0.18%, one bedroom rental prices have changed by -0.19%, two bedroom rental prices have changed by -0.12%, and three bedroom rental prices have changed by -0.39% year-over-year.

What is a reasonable rent price in Near West Side, Chicago, IL?

A reasonable rent price in Near West Side, Chicago, IL is around $2,180/month. You can search for these reasonably priced rental listings on RentHop.