Lower West Side Rent Trends
Chicago, IL · August 2026 · median asking rents from leased listings
Data through September 2026 · Last updated October 7, 2026 · Next release: early November 2026
- Median asking rent
- $1,850
- Effective rent
- $1,850
- Vs. Chicago median
- -26%
- Avg days to lease
- 19
- Active rentals now
- 32
Median asking rent over time
Asking rentEffective rent (after concessions)Concession spread
1 bedroom
$1,600
— YoY · as of August 2025
2 bedroom
$1,875
-5.1% YoY · as of August 2026
Source: MLS (leased rental listings) + Abode managed communities (Dynamics 365). Figures suppressed below 10 listings/month. Methodology
Data through September 2026 · Last updated October 7, 2026 · Next release: early November 2026
Lower West Side renting, answered
- What is the average rent in Lower West Side?
- As of August 2026, the median asking rent in Lower West Side is $1,850 per month, based on 17 leased listings. By size, the median is $1,600 for a 1 bedroom and $1,875 for a 2 bedroom.
- Are rents in Lower West Side going up or down?
- Median asking rent in Lower West Side is roughly flat compared with a year ago.
- Is Lower West Side more expensive than Chicago overall?
- Lower West Side's median asking rent is 26% below the Chicago citywide median of $2,500.
- How quickly do rentals lease in Lower West Side?
- Over the last 90 days, rentals in Lower West Side leased in an average of 19 days, with 32 active listings on the market right now.
Thinking about Lower West Side?
A dedicated Abode agent who knows the block-by-block market — free for renters.