Near West Side Rent Trends
Chicago, IL · August 2026 · median asking rents from leased listings
Data through August 2026 · Last updated September 10, 2026 · Next release: early October 2026
- Median asking rent
- $2,895
- Effective rent
- $2,895
- Vs. Chicago median
- +14%
- Avg days to lease
- 16
- Active rentals now
- 122
Median asking rent over time
Asking rentEffective rent (after concessions)Concession spread
1 bedroom
$2,700
+4.9% YoY · as of August 2026
2 bedroom
$3,200
+6.7% YoY · as of August 2026
Source: MLS (leased rental listings) + Abode managed communities (Dynamics 365). Figures suppressed below 10 listings/month. Methodology
Data through August 2026 · Last updated September 10, 2026 · Next release: early October 2026
Near West Side renting, answered
- What is the average rent in Near West Side?
- As of August 2026, the median asking rent in Near West Side is $2,895 per month, based on 39 leased listings. By size, the median is $2,700 for a 1 bedroom and $3,200 for a 2 bedroom.
- Are rents in Near West Side going up or down?
- Median asking rent in Near West Side is up 2.5% compared with a year ago.
- Is Near West Side more expensive than Chicago overall?
- Near West Side's median asking rent is 14% above the Chicago citywide median of $2,535.
- How quickly do rentals lease in Near West Side?
- Over the last 90 days, rentals in Near West Side leased in an average of 16 days, with 122 active listings on the market right now.
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