Rental market snapshot for West Town, Chicago
West Town rental market summary
The rental market in West Town, Illinois is showing signs of growth. In July 2023, there were 1,239 new listings, a 4.6% increase from July 2022. This indicates that more people are looking to rent in the area. The median rent in July 2023 was $2,395, a 4.6% increase from July 2022 and a 1.9% increase from June 2023. This suggests that rental prices are increasing steadily in West Town.
Overall, the rental market in West Town is looking positive. With more people looking to rent in the area and rental prices increasing steadily, it is a great time to consider renting in West Town.
Median rent for all residential properties in West Town
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The most expensive listings and top trending buildings in West Town
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 728 N Morgan St | $6,143 | 3 / 2.5 |
| 1217 N Hoyne Ave | $6,000 | 3 / 2.5 |
| 946 N Wolcott Ave | $6,000 | 3 / 2.5 |
| 1039 N Winchester Ave | $5,500 | 3 / 2.5 |
| 855 N May St | $5,500 | 4 / 2.5 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Reside Living | $2,841 |
| Cagan Management Group Inc. | $2,815 |
| Luxury Living | $2,808 |
| Zillow Rental Network Premium | $2,655 |
| 33 Management | $2,650 |
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Bedroom Breakdown in West Town
West Town neighborhood apartments rents
The rental market for studios in West Town, Illinois is showing signs of stability. In July 2023, there were 16 new studio listings, with a median rent of $2,021. This is a slight decrease of 2.3% from the median rent of $2,070 in June 2023. This suggests that the rental market for studios in West Town is relatively stable, with only a small decrease in rent from month to month.
The rental market for 1-bedroom apartments in West Town, Illinois is showing signs of growth. In July 2023, there were 41 new 1-bedroom listings, a 2.9% increase in median rent from June 2023 to July 2023, and a median rent of $2,521. This indicates that the rental market is becoming more competitive and that demand for 1-bedroom apartments is increasing.
The rental market for 2-bedroom apartments in West Town, Illinois is showing signs of growth. In July 2023, there were 50 new 2-bedroom listings, a 2.5% increase in median rent from June 2023 to July 2023, and a median rent of $3,050. This indicates that the rental market is becoming more competitive and that demand for 2-bedroom apartments is increasing.