Imagine living just steps from downtown Chicago, in the heart of all the city has to offer. That’s exactly what apartments in Chicago’s West Loop neighborhood offer. This hip, modern former warehouse district has everything from trendy lofts to luxury condominiums — set among popular restaurants, art galleries, retail and entertainment. The big question many people have, though, is about rent in West Loop, Chicago: If you move here, what can you expect to spend, and does that make sense for you?
If you’re thinking about moving to this community and wondering about average rent, here’s a look at what you’ll want to know.
Like most neighborhoods, the West Loop’s rents vary from one building to another. There are many housing types — not to mention different unit sizes and features — and they all have varying prices. However, if you’re looking for a ballpark amount that describes costs in the area, the average is just over $2,000.
The West Loop’s average rent is about 24 percent higher than the average rent in Chicago as a whole. How does that compare to specific neighborhoods? Essentially, a $2,000 per month rent is slightly higher than neighborhoods such as Fulton Market, Gold Coast or downtown Chicago. At the same time, it’s lower than Streeterville, Greektown, the Loop, Noble Square, Printer’s Row and Dearborn Park, to give you a few examples.
While the average for West Loop apartments gives you a good idea of what to expect, prices still vary dramatically depending on the size of unit you’re considering. For a more specific idea of what’s available, consider this: Renting a studio apartment in the West Loop averages around $1,700, but renting a two-bedroom averages close to $3,000. If that’s within your price range and you’re ready to embrace the fun, exciting lifestyle of the West Loop, take a look at rentals! We have current listings for West Loop luxury apartment rentals that you can explore. Get one step closer to the West Loop home that’s right for you!