Lower West Side Rent Trends
Chicago, IL · May 2026 · median asking rents from leased listings
Data through June 2026 · Last updated July 8, 2026 · Next release: early August 2026
- Median asking rent
- $1,950
- Effective rent
- $1,950
- Vs. Chicago median
- -22%
- Avg days to lease
- 19
- Active rentals now
- 28
Median asking rent over time
Asking rentEffective rent (after concessions)Concession spread
1 bedroom
$1,600
— YoY · as of August 2025
2 bedroom
$1,775
+1.4% YoY · as of May 2026
Source: MLS (leased rental listings) + Abode managed communities (Dynamics 365). Figures suppressed below 10 listings/month. Methodology
Data through June 2026 · Last updated July 8, 2026 · Next release: early August 2026
Lower West Side renting, answered
- What is the average rent in Lower West Side?
- As of May 2026, the median asking rent in Lower West Side is $1,950 per month, based on 28 leased listings. By size, the median is $1,600 for a 1 bedroom and $1,775 for a 2 bedroom.
- Are rents in Lower West Side going up or down?
- Median asking rent in Lower West Side is up 2.6% compared with a year ago.
- Is Lower West Side more expensive than Chicago overall?
- Lower West Side's median asking rent is 22% 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 28 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.