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 $3,550 for a 2-bedroom rental. The median price of all currently available listings is $2,576, or roughly $3 per square feet.

For the apartment units and housing in November 2024, median rents have risen over the last year. Studio rentals prices have increased by $143 (8.30%) year-over-year from $1,720 to $1,863. 1-bedroom rentals prices have increased by $166 (7.08%) year-over-year from $2,343 to $2,509. 2-bedroom rentals prices have increased by $209 (6.35%) year-over-year from $3,291 to $3,500. 3-bedroom rentals prices have decreased by $743 (-11.59%) year-over-year from $6,408 to $5,665. 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 2.63% this month. 1-bedroom rents have gone up by 0.37% this month. 2-bedroom rents have gone down by 1.40% this month. 3-bedroom rents have gone up by 4.07% this month. 4-bedroom rents have gone down by 0.00% this month.

Beds	Price / Sqft	Nov 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$2.60	$2,509	$2,343 (7.08%)	$2,090 (20.07%)
2 BR	$2.70	$3,500	$3,291 (6.35%)	$2,965 (18.06%)

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 7 cities nearby West Loop. The average rent in West Loop is currently $2,450 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 Evanston, IL. Monthly rents here are on average $2,795 per month.

Let's compare West Loop, Chicago, IL's rent against other top cities nearby by bedroom size. One bedrooms are about 8.86% more expensive. Two bedrooms in West Loop, Chicago, IL are about 35.20% more expensive. Finally, rent for three bedrooms are about inf% more affordable. Want more information? Check out the top 7 cities near West Loop, Chicago, IL in the following chart.

City	Studio	1 Bed	2 Bed	All
Chicago, IL	$1,375	$1,800	$2,200	$2,100
Schaumburg, IL	N/A	$2,131	$2,300	$2,286
Wheaton, IL	N/A	$1,928	$2,439	$2,305
Aurora, IL	N/A	$1,550	$2,200	$2,450
Oak Park, IL	N/A	$1,800	$2,575	$2,650
Naperville, IL	N/A	$1,600	$2,250	$2,650
Evanston, IL	$2,365	$2,250	$2,800	$2,795

Top Neighborhoods Near West Loop

There are a total of 19 neighborhoods in or near West Loop. Some of these neighborhoods include South Shore, Uptown, and Rogers Park. We've included all of these top 19 neighborhoods in or near West Loop, Chicago, IL in the following chart.

The average rent for these 19 neighborhoods in or near West Loop, Chicago, IL is currently around $2,200 per month. A total of 13 neighborhoods have a lower average rent. Meaning, only six neighborhoods have a higher average rent than $2,200. Out of all the neighborhoods in or near West Loop, South Shore has the most affordable average rent at $1,275 per month. Whereas, at $2,973 average rent per month, Near North Side 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	$1,050	$1,050	$1,213	$1,275
Uptown, Chicago, IL	$1,200	$1,550	$2,350	$1,595
Rogers Park, Chicago, IL	$1,200	$1,550	$1,895	$1,650
Edgewater, Chicago, IL	$1,298	$1,645	$2,100	$1,800
West Rogers Park, Chicago, IL	N/A	$1,625	$1,900	$2,025
Pilsen, Chicago, IL	N/A	$1,600	$1,750	$2,100
Humboldt Park, Chicago, IL	N/A	$1,963	$1,775	$2,100
Ravenswood, Chicago, IL	$1,300	$1,899	$2,150	$2,100
Lincoln Park, Chicago, IL	$1,777	$2,225	$3,600	$2,180
Woodlawn, Chicago, IL	N/A	$1,500	$1,600	$2,200
Bronzeville, Chicago, IL	N/A	$1,700	$2,143	$2,250
Logan Square, Chicago, IL	$1,575	$1,623	$2,200	$2,295
Lakeview, Chicago, IL	$1,500	$1,850	$2,600	$2,400
South Loop, Chicago, IL	$1,675	$2,125	$2,850	$2,699
The Loop, Chicago, IL	$1,875	$2,200	$3,000	$2,700
Near West Side, Chicago, IL	N/A	$2,346	$2,700	$2,750
DePaul, Chicago, IL	$1,950	$2,496	$2,625	$2,800
West Town, Chicago, IL	$2,235	$2,360	$2,795	$2,900
Near North Side, Chicago, IL	$1,728	$2,300	$3,750	$2,973

Top Counties Near West Loop

There are a total of 19 counties located by West Loop, Chicago, IL. Some of these counties include Thornton, IL, Downers Grove, IL, and Chicago, IL. The average rent for rentals in these counties is $2,400. That's roughly around $2 per sqft. A total of 11 counties have a lower average rent. The county that is the most affordable is Thornton, IL. It's average rent per month is $1,600. Vice versa, with an average rent of $3,000, Wheatland, Naperville, IL is the most expensive county by West Loop, Chicago, IL.

In comparison, rent for one bedroom listings in West Loop, Chicago, IL is 12.91% more expensive than other counties nearby. Finally, rent for two bedrooms in West Loop, Chicago, IL is 35.91% more expensive than other counties nearby. We've listed the top 10 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Thornton, IL	N/A	$925	$1,400	$1,600
Downers Grove, IL	N/A	$1,850	$2,070	$2,070
Chicago, IL	$1,375	$1,800	$2,200	$2,100
Milton, IL	N/A	$1,901	$2,300	$2,175
Proviso, IL	$1,195	$1,425	$1,700	$2,200
Leyden, IL	N/A	$1,400	$2,400	$2,400
Maine, IL	N/A	$1,475	$2,300	$2,400
Niles, IL	N/A	$1,400	$2,200	$2,500
Oak Park, IL	N/A	$1,800	$2,575	$2,650
Evanston, IL	$2,365	$2,250	$2,800	$2,795

Top Zipcodes Near West Loop

There are a total of 4 zipcodes in or near West Loop, Chicago, IL. The average rent for all of these zipcodes is $2,050. 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 $1,995 per month. In comparison, the zipcode with the most expensive average rent of $2,300 per month is 60615, Chicago, IL.

Studios in these zipcodes have an average rent of $1,221. 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 $1,550 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,888 per month. Which comes out to $2 per sqft. The following chart includes the top 4 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	$1,625	$1,695	$2,000	$2,100
60615, Chicago, IL	$1,141	$1,510	$1,950	$2,300
60641, Chicago, IL	$1,100	$1,298	$1,750	$1,995
60625, Chicago, IL	$1,300	$1,590	$1,825	$2,000

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 $2,576. 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 $1,975 and an average price per square feet of $2.60. There are a total of 10 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 $3,550 and an average price per square feet of $2.70. There are a total of 10 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 0.08%, one bedroom rental prices have changed by 0.07%, two bedroom rental prices have changed by 0.06%, and three bedroom rental prices have changed by -0.12% 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 $2,061/month. You can search for these reasonably priced rental listings on RentHop.