Average Rent in West Loop, Chicago, IL

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Current Versus Historical West Loop, Chicago, IL Rents

West Loop rentals average $2,100 for a studio rental to $4,195 for a 4-bedroom rental. The median price of all currently available listings is $2,700, or roughly $41 per square feet.

For the apartment units and housing in October 2026, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $321 (17.10%) year-over-year from $1,879 to $2,200. 1-bedroom rentals prices have increased by $80 (3.16%) year-over-year from $2,520 to $2,600. 2-bedroom rentals prices have increased by $537 (16.48%) year-over-year from $3,258 to $3,795. 3-bedroom rentals prices have increased by $1,171 (27.44%) year-over-year from $4,267 to $5,438. 4-bedroom rentals prices have decreased by $2,920 (-41.04%) year-over-year from $7,115 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 up by 3.77% this month. 1-bedroom rents have gone down by 0.31% this month. 2-bedroom rents have gone up by 4.86% this month. 3-bedroom rents have gone up by 4.59% this month. 4-bedroom rents have gone down by 0.00% this month.

Beds	Price / Sqft	Oct 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$53.37	$2,200	$1,879 (17.10%)	$1,586 (38.73%)
1 BR	$42.83	$2,600	$2,520 (3.16%)	$2,233 (16.46%)
2 BR	$36.90	$3,795	$3,258 (16.48%)	$2,837 (33.78%)
3 BR	$34.19	$5,438	$4,267 (27.44%)	$6,419 (-15.28%)
4+ BR	N/A	$4,195	$7,115 (-41.04%)	$4,195 (0.00%)

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 11 cities nearby West Loop. The average rent in West Loop is currently $2,450 per month. A total of 10 cities nearby have an average rent lower than that. Our records show that Palatine, IL, with an average rent of $2,150, 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 $2,993 per month.

Let's compare West Loop, Chicago, IL's rent against other top cities nearby by bedroom size. Typically, rent for studios in West Loop, Chicago, IL is 32.74% more expensive than other cities nearby. One bedrooms are about 26.96% more expensive. Two bedrooms in West Loop, Chicago, IL are about 36.72% more expensive. Finally, rent for three bedrooms are about 44.83% more expensive. Want more information? Check out the top 10 cities out of 11 total cities near West Loop, Chicago, IL in the following table.

City	Studio	1 Bed	2 Bed	All
Palatine, IL	$1,300	$1,500	$1,950	$2,150
Oak Park, IL	$1,902	$1,725	$2,073	$2,295
Wheaton, IL	$1,475	$1,899	$2,349	$2,349
Chicago, IL	$1,675	$2,233	$2,695	$2,395
Arlington Heights, IL	$1,200	$1,750	$2,100	$2,450
Schaumburg, IL	N/A	$2,182	$2,300	$2,456
Evanston, IL	$2,218	$1,963	$2,294	$2,500
Skokie, IL	$1,195	$2,113	$2,300	$2,500
Vernon Hills, IL	$2,004	$2,229	$2,200	$2,525
Naperville, IL	$1,325	$1,650	$2,325	$2,993

Top Neighborhoods Near West Loop

There are a total of 23 neighborhoods in or near West Loop. Some of these neighborhoods include South Shore, Edgewater, and Rogers Park. We've included all of these top 23 neighborhoods in or near West Loop, Chicago, IL in the following table.

The average rent for these 23 neighborhoods in or near West Loop, Chicago, IL is currently around $2,325 per month. A total of 15 neighborhoods have a lower average rent. Meaning, only eight neighborhoods have a higher average rent than $2,325. Interestingly, the neighborhoods' average rent is less than West Loop's average rent, which is actually $2,700. 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 $3,600 average rent per month, DePaul is the most expensive neighborhood in or near West Loop. View the following table for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
South Shore, Chicago, IL	$1,098	$1,150	$1,450	$1,500
Edgewater, Chicago, IL	$1,300	$1,600	$2,495	$1,600
Rogers Park, Chicago, IL	$1,325	$1,450	$1,995	$1,773
Uptown, Chicago, IL	$1,350	$1,700	$2,500	$1,900
Lawndale, Chicago, IL	$1,200	N/A	$1,700	$1,925
Hyde Park, Chicago, IL	$1,125	$1,500	$2,400	$1,950
West Rogers Park, Chicago, IL	$1,100	$1,500	$1,950	$1,976
Albany Park, Chicago, IL	$1,275	$1,560	$2,000	$1,998
Pilsen, Chicago, IL	$1,998	$1,500	$2,100	$2,100
Humboldt Park, Chicago, IL	$1,500	$1,725	$2,000	$2,200
Ravenswood, Chicago, IL	$1,400	$1,900	$2,695	$2,250
Jefferson Park, Chicago, IL	$1,345	$1,550	$2,275	$2,325
Logan Square, Chicago, IL	$1,548	$2,050	$2,450	$2,345
Lakeview, Chicago, IL	$1,520	$2,195	$3,125	$2,400
Bronzeville, Chicago, IL	$995	$1,650	$2,390	$2,563
Lincoln Park, Chicago, IL	$1,850	$2,650	$3,950	$2,725
The Loop, Chicago, IL	$2,292	$2,538	$3,777	$2,750
South Loop, Chicago, IL	$2,154	$2,392	$3,300	$2,804
Bucktown, Chicago, IL	$2,166	$2,302	$3,400	$2,900
Near North Side, Chicago, IL	$2,155	$2,635	$4,000	$2,975
Near West Side, Chicago, IL	$2,250	$2,658	$3,711	$3,000
West Town, Chicago, IL	$2,517	$2,743	$3,750	$3,300
DePaul, Chicago, IL	$1,975	$2,600	$3,600	$3,600

Top Counties Near West Loop

There are a total of 27 counties located by West Loop, Chicago, IL. Some of these counties include Worth, IL, Leyden, IL, and Proviso, IL. The average rent for rentals in these counties is $2,450. That's roughly around $24 per sqft. A total of 22 counties have a lower average rent. The county that is the most affordable is Worth, IL. Its average rent per month is $1,725. Vice versa, with an average rent of $3,200, Vernon, IL is the most expensive county by West Loop, Chicago, IL.

Typically, rent for studios in West Loop, Chicago, IL is 42.98% more expensive than other counties nearby. In comparison, rent for one bedroom listings in West Loop, Chicago, IL is 38.46% more expensive than other counties nearby. Finally, rent for two bedrooms in West Loop, Chicago, IL is 42.07% more expensive than other counties nearby. We've listed the top 10 counties in the table below.

County	Studio	1 Bed	2 Bed	All
Worth, IL	$1,350	$1,400	$1,650	$1,725
Leyden, IL	N/A	$1,488	$1,898	$1,975
Proviso, IL	$1,295	$1,400	$1,875	$1,998
Lyons, IL	$1,650	$1,513	$1,850	$2,200
Oak Park, IL	$1,902	$1,725	$2,073	$2,295
Chicago, IL	$1,675	$2,233	$2,695	$2,395
York, IL	N/A	$1,800	$2,100	$2,473
Evanston, IL	$2,218	$1,963	$2,294	$2,500
Maine, IL	N/A	$1,600	$2,375	$2,600
Niles, IL	$1,195	$2,300	$2,325	$2,895

Top Zipcodes Near West Loop

There are a total of 38 zipcodes in or near West Loop, Chicago, IL. The average rent for all of these zipcodes is $2,304. A total of 28 zipcodes have an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 60649, Chicago, IL at $1,500 per month. In comparison, the zipcode with the most expensive average rent of $3,102 per month is 60611, Chicago, IL.

Studios in these zipcodes have an average rent of $1,488. That's at least $40 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 $1,773 per month. Or in other words, $32 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,300 per month. Which comes out to $27 per sqft. The following table includes the top 10 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
60661, Chicago, IL	$2,118	$2,645	$3,700	$3,005
60654, Chicago, IL	$2,291	$2,700	$4,125	$3,032
60607, Chicago, IL	$2,323	$2,700	$3,828	$3,025
60601, Chicago, IL	$2,292	$2,590	$3,975	$2,773
60605, Chicago, IL	$2,154	$2,417	$3,629	$2,850
60611, Chicago, IL	$2,100	$2,600	$4,049	$3,102
60610, Chicago, IL	$2,000	$2,559	$3,800	$2,873
60642, Chicago, IL	$1,873	$2,625	$3,250	$2,980
60612, Chicago, IL	$2,170	$2,248	$2,650	$2,500
60616, Chicago, IL	$1,744	$2,288	$2,800	$2,500

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 $2,700. 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 $2,100 and an average price per square feet of $53.37. There are a total of 13 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 $2,600 and an average price per square feet of $42.83. There are a total of 30 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 $3,625 and an average price per square feet of $36.90. There are a total of 20 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 0.17%, one bedroom rental prices have changed by 0.03%, two bedroom rental prices have changed by 0.16%, three bedroom rental prices have changed by 0.27% 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 $2,160/month. You can search for these reasonably priced rental listings on RentHop.