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5+ Days Ago

Location

1047 W Madison Street, Chicago, IL 60607, USA|Near West Side

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845 N Hoyne Ave #2, Chicago, IL, 60622

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West Town • 845 N Hoyne Ave #2

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Rent trends in Near West Side

3-bedroom apartments at 1047 West Madison Street #302 cost about 50% less than the average rent price for 3-bedroom apartments in Chicago.

Median rents as of Oct 11 2025.
Near West Side
Chicago
A table of 3-bedroom apartment rental data trends in Chicago
MonthMedian Rent
October 2023$2,800
November 2023$2,848
December 2023$2,890
January 2024$2,900
February 2024$2,763
March 2024$3,086
April 2024$3,047
May 2024$3,130
June 2024$3,237
July 2024$3,286
August 2024$3,019
September 2024$3,002
October 2024$2,997
November 2024$2,921
December 2024$2,891
January 2025$2,880
February 2025$2,917
March 2025$2,888
April 2025$2,911
May 2025$2,944
June 2025$2,961
July 2025$2,986
August 2025$2,854
September 2025$2,699
October 2025$2,650
A table of 3-bedroom apartment rental data trends in Near West Side
MonthMedian Rent
October 2023$5,069
November 2023$4,999
December 2023$4,936
January 2024$4,891
February 2024$4,751
March 2024$4,820
April 2024$4,938
May 2024$5,000
June 2024$5,119
July 2024$4,976
August 2024$5,048
September 2024$5,494
October 2024$4,987
November 2024$4,808
December 2024$4,875
January 2025$4,775
February 2025$5,079
March 2025$5,194
April 2025$4,955
May 2025$4,971
June 2025$5,048
July 2025$5,102
August 2025$4,904
September 2025$4,638
October 2025$4,961

Rent history

The increase or decrease in monthly rent compared to the previous listing price.
Check out the past listing prices for monthly rent at 1047 West Madison Street, Chicago, IL.
8 years ago$2,500

Schools near 1047 West Madison Street #302

Skinner Elementary School

111 s throop st

chicago, IL, 60607

PK, K-8Public
A-

Skinner North Elementary School

640 w scott st

chicago, IL, 60610

K-8Public
A-

Ruben Salazar Bilingual Center

160 w wendell st

chicago, IL, 60610

PK, K-8Public
C+

Kellman Corporate Community Elementary School

3030 w arthington st

chicago, IL, 60612

PK, K-8Public
C-

Thomas Early Childhood Center

3625 s hoyne ave

chicago, IL, 60609

PKPublic
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Internet available near 1047 West Madison Street #302

Neighborhood

Near West Side | Chicago, IL

NEIGHBORHOOD VIBE
Lively and energetic
You’ll be in the heart of the action in this bustling and vibrant area with plenty of shopping, nightlife, and culture.

Getting around Chicago near 1047 W Madison Street

Walking

10/10
No car? No problem. Everything you need is within a few blocks.

Driving

4/10
This area is accessible to thoroughfares and has ample parking options.

Cycling

8/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Transit

9/10
Getting around is a breeze; rapid transit and bus lines are a few blocks away.

Points of interest for 1047 W Madison Street, Chicago

Groceries

9/10
At least one grocery store within a few minutes' walk

Shopping

10/10
Wide variety of shops within a few minutes' walk

Cafes

9/10
Variety of cafés within a few minutes' walk

Restaurants

9/10
Variety of restaurants within a few minutes' walk

Primary schools

9/10
At least one elementary school within a 5-minute walk

High schools

6/10
At least one high school within a 30-minute walk

Parks

8/10
Large amount of park space nearby

Nightlife

10/10
Variety of bars right on the street

Explore the area around 1047 W Madison Street

West Loop Market
1222 W Madison St
Y H Foods Inc
1122 W Randolph St
Go Grocer
205 S Peoria St
J P Graziano Grocery
901 W Randolph St
Mariano's
40 S Halsted St

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