Apartments for Rent in Lower West Side, Chicago, IL

Lower West Side, Chicago apartment availability

Lower West Side's rental market offers a strong selection of listings, with an average of 302 rentals available each month in 2024. The neighborhood's inventory is diverse, featuring a mix of 1-bedroom, 2-bedroom, and 3-bedroom apartments, as well as studios. Many of these apartments offer desirable amenities, including hardwood floors, which are found in 57% of listings. Additionally, half of the apartments in Lower West Side allow small pets or have pet-friendly policies with restrictions, making it a suitable option for renters with pets.

Lower West Side, Chicago rental market trends

Renters looking for apartments in Lower West Side, Chicago, can expect to pay an average of $1,791 per month across all property types in 2024, a 5.3% increase from the previous year. Breaking it down by bedroom count, 1-bedrooms average $1,495 per month, with a modest 0.2% year-over-year increase, while 2-bedrooms rent for $1,780, a 5.9% jump. Studios average $1,407 per month, an 8.3% increase, and 3-bedrooms command $2,359, an 11.1% rise.

The most expensive time to rent in Lower West Side is June, with prices 6.95% higher than in January, the least expensive month. This trend suggests that renters looking for a deal should consider searching during the winter months when demand is lower. Overall, Lower West Side's rental market is experiencing steady growth, with varying levels of increase across different bedroom types.

Why Lower West Side, Chicago is a great place to live

The Lower West Side is a haven for renters who value a vibrant social life and prioritize environmental sustainability. With a strong neighborhood population, frequent transit options, well-maintained street infrastructure, and high walk score, this area is perfect for those who crave connection and community. Additionally, the neighborhood's emphasis on safety ensures that residents can feel secure as they explore local hotspots.

For eco-conscious renters, the Lower West Side is a dream come true. Many buildings in the area feature non-toxic paint, sustainable materials, and low-flow fixtures, reducing the neighborhood's carbon footprint. The prevalence of waste recycling and composting programs, rainwater harvesting systems, and community solar projects further solidify the area's commitment to environmental sustainability. With plenty of parks and recreational spaces, the Lower West Side offers a unique blend of social activity and eco-friendliness that's hard to find elsewhere.