Average Rent in Park West, Chicago, IL

Current Versus Historical Park West, Chicago, IL Rents

Park West rentals average $1,462 for a studio rental to $4,700 for a 4-bedroom rental. The median price of all currently available listings is $1,800, or roughly $3 per square feet.

For the apartment units and housing in May 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have increased by $37 (2.51%) year-over-year from $1,463 to $1,500. 1-bedroom rentals prices have decreased by $213 (-10.60%) year-over-year from $2,013 to $1,800. 2-bedroom rentals prices have increased by $525 (21.21%) year-over-year from $2,475 to $3,000. 3-bedroom rentals prices have increased by $1,583 (43.78%) year-over-year from $3,617 to $5,200. 4-bedroom rentals prices have increased by $403 (9.37%) year-over-year from $4,298 to $4,700. 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 up by 3.57% this month. 1-bedroom rents have gone down by 9.77% this month. 2-bedroom rents have gone up by 3.93% this month. 3-bedroom rents have gone up by 31.37% this month. 4-bedroom rents have gone up by 11.95% this month.

Beds	Price / Sqft	May 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$3.27	$1,500	$1,463 (2.51%)	$1,263 (18.81%)
1 BR	$3.06	$1,800	$2,013 (-10.60%)	$1,902 (-5.36%)
2 BR	$2.84	$3,000	$2,475 (21.21%)	$2,118 (41.62%)
3 BR	$2.89	$5,200	$3,617 (43.78%)	$2,695 (92.95%)
4+ BR	$2.30	$4,700	$4,298 (9.37%)	$3,908 (20.28%)

Historical Rents in Park West, Chicago, IL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Park West

There are a total of 6 cities nearby Park West. The average rent in Park West is currently $2,225 per month. Our records show that Willowbrook, IL, with an average rent of $2,080, is the most affordable city nearby. In contrast, the most expensive city near Park West, Chicago, IL is Naperville, IL. Monthly rents here are on average $2,800 per month.

Let's compare Park West, Chicago, IL's rent against other top cities nearby by bedroom size. One bedrooms are about 3.42% more affordable. Two bedrooms in Park West, Chicago, IL are about 21.62% more expensive. Finally, rent for three bedrooms are about 44.34% more expensive. Want more information? Check out the top 6 cities near Park West, Chicago, IL in the following chart.

City	Studio	1 Bed	2 Bed	All
Willowbrook, IL	N/A	$1,828	$2,218	$2,080
Schaumburg, IL	N/A	$1,995	$2,464	$2,150
Chicago, IL	$1,383	$1,895	$2,495	$2,200
Wheaton, IL	N/A	$1,960	$2,275	$2,250
Aurora, IL	N/A	$1,348	$2,100	$2,285
Naperville, IL	N/A	$1,488	$2,275	$2,800

Top Neighborhoods Near Park West

There are a total of 8 neighborhoods in or near Park West. Some of these neighborhoods include Rogers Park, Uptown, and Logan Square. We've included all of these top 8 neighborhoods in or near Park West, Chicago, IL in the following chart.

The average rent for these 8 neighborhoods in or near Park West, Chicago, IL is currently around $2,198 per month. A total of 2 neighborhoods have a lower average rent. Meaning, only six neighborhoods have a higher average rent than $2,198. Interestingly, the neighborhoods' average rent is higher than Park West's average rent, which is only $1,800. Out of all the neighborhoods in or near Park West, Rogers Park has the most affordable average rent at $1,535 per month. Whereas, at $3,111 average rent per month, Near North Side is the most expensive neighborhood in or near Park West. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Rogers Park, Chicago, IL	$1,100	$1,300	$1,750	$1,535
Uptown, Chicago, IL	$1,325	$1,695	$2,600	$1,695
Logan Square, Chicago, IL	$1,150	$1,800	$2,000	$2,000
Lakeview, Chicago, IL	$1,495	$1,900	$2,750	$2,145
Hyde Park, Chicago, IL	$1,250	$1,673	$1,875	$2,250
The Loop, Chicago, IL	$1,825	$2,500	$3,200	$2,700
South Loop, Chicago, IL	N/A	$2,200	$3,000	$2,817
Near North Side, Chicago, IL	$1,763	$2,455	$3,700	$3,111

Top Counties Near Park West

There are a total of 8 counties located by Park West, Chicago, IL. Some of these counties include Schaumburg, IL, Downers Grove, IL, and Chicago, IL. The average rent for rentals in these counties is $2,200. That's roughly around $2 per sqft. The county that is the most affordable is Schaumburg, IL. It's average rent per month is $2,138. Vice versa, with an average rent of $2,623, Naperville, IL is the most expensive county by Park West, Chicago, IL.

In comparison, rent for one bedroom listings in Park West, Chicago, IL is 5.28% more affordable than other counties nearby. Finally, rent for two bedrooms in Park West, Chicago, IL is 22.48% more expensive than other counties nearby. We've listed the top 5 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Schaumburg, IL	N/A	$1,995	$2,464	$2,138
Downers Grove, IL	N/A	$1,828	$2,218	$2,188
Chicago, IL	$1,383	$1,895	$2,495	$2,200
Milton, IL	N/A	$1,960	$2,250	$2,250
Naperville, IL	N/A	$1,535	$2,198	$2,623

Top Zipcodes Near Park West

There are a total of 18 zipcodes in or near Park West, Chicago, IL. The average rent for all of these zipcodes is $2,216. A total of 2 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 60626, Chicago, IL at $1,475 per month. In comparison, the zipcode with the most expensive average rent of $3,500 per month is 60611, Chicago, IL.

Studios in these zipcodes have an average rent of $1,262. That's at least $3 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Park West, Chicago, IL is $1,933 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,481 per month. Which comes out to $2 per sqft. The following chart includes the top 10 zipcodes in Park West, Chicago, IL. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
60614, Chicago, IL	$1,560	$2,250	$3,350	$2,600
60657, Chicago, IL	$1,495	$1,900	$2,800	$2,095
60610, Chicago, IL	$1,713	$2,240	$3,500	$3,000
60642, Chicago, IL	$1,929	$2,425	$2,500	$2,645
60613, Chicago, IL	$1,450	$1,795	$2,600	$2,300
60647, Chicago, IL	$1,150	$1,800	$2,125	$2,088
60622, Chicago, IL	N/A	$2,025	$2,463	$2,898
60611, Chicago, IL	$1,850	$2,500	$3,850	$3,500
60618, Chicago, IL	$1,300	$1,650	$1,995	$2,175
60640, Chicago, IL	$1,375	$1,695	$2,400	$1,695

Frequently Asked Questions - Park West Average Rents

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

The average monthly rental price for Park West, Chicago, IL apartments for rent is approximately $1,800. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Park West, 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 Park West, Chicago, IL.

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

The average monthly rental price for studio apartments is $1,462 and an average price per square feet of $3.27. There are a total of 11 studio apartment listings currently available for rent in Park West.

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

The average monthly rental price for one bedroom apartments is $1,800 and an average price per square feet of $3.06. There are a total of 5 one bedroom apartment listings currently available for rent in Park West.

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

The average monthly rental price for two bedroom apartments is $2,903 and an average price per square feet of $2.84. There are a total of 4 two bedroom apartment listings currently available for rent in Park West.

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

Rent prices for rentals in Park West, Chicago, IL can fluctuate yearly. Specifically, studio rental prices have changed by 0.03%, one bedroom rental prices have changed by -0.11%, two bedroom rental prices have changed by 0.21%, and three bedroom rental prices have changed by 0.44% year-over-year.

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

A reasonable rent price in Park West, Chicago, IL is around $1,440/month. You can search for these reasonably priced rental listings on RentHop.