Average Rent in West Loop, Chicago, IL

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Current Versus Historical West Loop, Chicago, IL Rents

West Loop rentals average $0 for a studio rental to $3,300 for a 2-bedroom rental. The median price of all currently available listings is $2,588, or roughly $3 per square feet.

For the apartment units and housing in February 2025, median rents have risen substantially over the last year. Studio rentals prices have increased by $302 (19.45%) year-over-year from $1,554 to $1,856. 1-bedroom rentals prices have increased by $303 (14.13%) year-over-year from $2,147 to $2,450. 2-bedroom rentals prices have increased by $393 (13.53%) year-over-year from $2,907 to $3,300. 3-bedroom rentals prices have increased by $632 (10.68%) year-over-year from $5,915 to $6,546. 4-bedroom rentals prices have increased by $0 (0.00%) year-over-year from $4,195 to $4,195. 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 4.67% this month. 1-bedroom rents have gone down by 0.31% this month. 2-bedroom rents have gone down by 6.44% this month. 3-bedroom rents have gone down by 0.00% this month. 4-bedroom rents have gone down by 0.00% this month.

Beds	Price / Sqft	Feb 2025 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$3.41	$2,450	$2,147 (14.13%)	$2,113 (15.97%)
2 BR	$2.78	$3,300	$2,907 (13.53%)	$2,966 (11.27%)

Historical Rents in West Loop, Chicago, IL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near West Loop

There are a total of 6 cities nearby West Loop. The average rent in West Loop is currently $2,363 per month. A total of 4 cities nearby have an average rent lower than that. Our records show that Chicago, IL, with an average rent of $2,100, is the most affordable city nearby. In contrast, the most expensive city near West Loop, Chicago, IL is Naperville, IL. Monthly rents here are on average $2,750 per month.

Let's compare West Loop, Chicago, IL's rent against other top cities nearby by bedroom size. One bedrooms are about 20.81% more expensive. Two bedrooms in West Loop, Chicago, IL are about 27.28% more expensive. Finally, rent for three bedrooms are about inf% more affordable. Want more information? Check out the top 6 cities near West Loop, Chicago, IL in the following chart.

City	Studio	1 Bed	2 Bed	All
Chicago, IL	$1,350	$1,850	$2,200	$2,100
Wheaton, IL	N/A	$1,899	$2,405	$2,249
Schaumburg, IL	N/A	$2,058	$2,606	$2,300
Aurora, IL	N/A	$1,635	$2,200	$2,425
Evanston, IL	$1,525	$2,100	$2,997	$2,750
Naperville, IL	N/A	N/A	$2,395	$2,750

Top Neighborhoods Near West Loop

There are a total of 14 neighborhoods in or near West Loop. Some of these neighborhoods include South Shore, Uptown, and Rogers Park. We've included all of these top 14 neighborhoods in or near West Loop, Chicago, IL in the following chart.

The average rent for these 14 neighborhoods in or near West Loop, Chicago, IL is currently around $2,224 per month. A total of 11 neighborhoods have a lower average rent. Meaning, only three neighborhoods have a higher average rent than $2,224. Out of all the neighborhoods in or near West Loop, South Shore has the most affordable average rent at $1,500 per month. Whereas, at $3,450 average rent per month, The Loop is the most expensive neighborhood in or near West Loop. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
South Shore, Chicago, IL	$873	$1,150	$1,450	$1,500
Uptown, Chicago, IL	$1,195	$1,650	$2,300	$1,650
Rogers Park, Chicago, IL	$1,200	$1,550	$1,898	$1,725
Edgewater, Chicago, IL	$1,325	$1,675	$2,200	$1,750
Humboldt Park, Chicago, IL	N/A	$2,375	$1,700	$2,000
West Rogers Park, Chicago, IL	N/A	$1,600	$2,050	$2,100
Pilsen, Chicago, IL	N/A	$1,525	$1,895	$2,198
Logan Square, Chicago, IL	$1,295	$2,123	$2,300	$2,250
Lakeview, Chicago, IL	$1,440	$1,945	$2,695	$2,299
Bronzeville, Chicago, IL	$1,060	$1,425	$2,140	$2,350
Hyde Park, Chicago, IL	$1,290	$1,548	$1,925	$2,398
South Loop, Chicago, IL	$1,625	$2,200	$3,000	$2,600
Near North Side, Chicago, IL	$1,765	$2,400	$4,175	$2,815
The Loop, Chicago, IL	$1,960	$2,525	$3,600	$3,450

Top Counties Near West Loop

There are a total of 14 counties located by West Loop, Chicago, IL. Some of these counties include Downers Grove, IL, Chicago, IL, and Milton, IL. The average rent for rentals in these counties is $2,300. That's roughly around $2 per sqft. A total of 4 counties have a lower average rent. The county that is the most affordable is Downers Grove, IL. It's average rent per month is $2,050. Vice versa, with an average rent of $2,750, Evanston, IL is the most expensive county by West Loop, Chicago, IL.

In comparison, rent for one bedroom listings in West Loop, Chicago, IL is 19.77% more expensive than other counties nearby. Finally, rent for two bedrooms in West Loop, Chicago, IL is 31.50% more expensive than other counties nearby. We've listed the top 7 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Downers Grove, IL	N/A	$1,749	$2,149	$2,050
Chicago, IL	$1,350	$1,850	$2,200	$2,100
Milton, IL	N/A	$1,899	$2,261	$2,250
Schaumburg, IL	N/A	$2,149	$2,400	$2,300
Naperville, IL	N/A	$1,910	$2,250	$2,600
Leyden, IL	N/A	$1,463	$2,650	$2,650
Evanston, IL	$1,525	$2,100	$2,997	$2,750

Top Zipcodes Near West Loop

There are a total of 3 zipcodes in or near West Loop, Chicago, IL. The average rent for all of these zipcodes is $2,263. A total of 3 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 $1,775 per month. In comparison, the zipcode with the most expensive average rent of $2,395 per month is 60618, Chicago, IL.

Studios in these zipcodes have an average rent of $1,250. 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 West Loop, Chicago, IL is $1,525 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,125 per month. Which comes out to $2 per sqft. The following chart includes the top 3 zipcodes in West Loop, 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	$1,600	$1,750	$2,210	$2,395
60615, Chicago, IL	$1,250	$1,525	$2,125	$2,263
60641, Chicago, IL	$1,238	$1,400	$1,750	$1,775

Frequently Asked Questions - West Loop Average Rents

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

The average monthly rental price for West Loop, Chicago, IL apartments for rent is approximately $2,588. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do West Loop, 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 West Loop, Chicago, IL.

How much is a studio apartment in West Loop, 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 1 studio apartment listings currently available for rent in West Loop.

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

The average monthly rental price for one bedroom apartments is $2,367 and an average price per square feet of $3.41. There are a total of 11 one bedroom apartment listings currently available for rent in West Loop.

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

The average monthly rental price for two bedroom apartments is $3,300 and an average price per square feet of $2.78. There are a total of 9 two bedroom apartment listings currently available for rent in West Loop.

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

Rent prices for rentals in West Loop, Chicago, IL can fluctuate yearly. Specifically, studio rental prices have changed by 0.19%, one bedroom rental prices have changed by 0.14%, two bedroom rental prices have changed by 0.14%, and three bedroom rental prices have changed by 0.11% year-over-year.

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

A reasonable rent price in West Loop, Chicago, IL is around $2,070/month. You can search for these reasonably priced rental listings on RentHop.