River West, Chicago, IL Rental Market Trends
Last updated: April 09, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in River West is $2,994, a 5.14% increase compared to the previous year, when the average rent was $2,848.
Studio Apartments at $2,382 offer the most budget-friendly option with 553 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 755 square feet for $2,707, balancing privacy and affordability.
Two-beedroom units at $3,837 offer 1,164 square feet, perfect for roommates or small families.
Average rent in River West, Chicago, IL
Last updated: April 09, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $2,994 | 838 sq. ft. |
| Studio | $2,382 | 553 sq. ft. |
| 1 Bed | $2,707 | 755 sq. ft. |
| 2 Beds | $3,837 | 1,164 sq. ft. |
| 3 Beds | n/a | n/a |
River West, Chicago, IL rent trends
Rental prices in River West, Chicago, IL have increased by 5.14% over the past year. The average rent moved from $2,848 to $2,994.
What's the typical rent budget in River West, Chicago, IL?
The largest share of rentals in River West, Chicago, IL (41%) fall between $2,501-$3,000 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in River West, Chicago, IL?
1,518 or 66% of the households in River West, Chicago, IL are renter-occupied while 775 or 34% are owner-occupied.
Most affordable neighborhoods in River West?
Jackson Park Highlands $1,069/month
Austin $1,088/month
Washington Park $1,194/month
All of these neighborhoods fall below the city wide average of $2,455/month.Most expensive neighborhoods in River West?
River North $3,355/month
Wrightwood $3,677/month
Sheffield $3,793/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Chicago, IL By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Sheffield | $3,793 |
| Wrightwood | $3,677 |
| River North | $3,355 |
| Greektown | $3,338 |
| Fulton Market | $3,316 |
| Streeterville | $3,236 |
| Near East Side Chicago | $3,081 |
| Old Town Chicago | $3,079 |
| Bucktown | $3,052 |
| Downtown Chicago | $3,034 |
| Goose Island | $3,030 |
| River West | $2,998 |
| Old Town Triangle | $2,998 |
| Near West Side | $2,975 |
| Wicker Park | $2,963 |
| Chicago Loop | $2,962 |
| Near North Side Chicago | $2,914 |
| Fulton River District | $2,902 |
| Humboldt Park | $2,777 |
| East Village | $2,768 |
| South Loop | $2,726 |
| Tri-Taylor | $2,639 |
| Gold Coast | $2,587 |
| Printer's Row | $2,528 |
| Cabrini - Green | $2,453 |
| Lincoln Park | $2,351 |
| West Loop | $2,264 |
| Little Italy | $2,216 |
| Lakeview | $2,209 |
| Logan Square | $2,203 |
| Ravenswood | $2,081 |
| East Hyde Park | $2,035 |
| Andersonville | $1,971 |
| Clarendon Park | $1,947 |
| Oakland | $1,931 |
| Kenwood | $1,930 |
| Palmer Square | $1,928 |
| Park West | $1,895 |
| Stateway Gardens | $1,857 |
| Hyde Park | $1,791 |
| Uptown Chicago | $1,725 |
| Buena Park | $1,706 |
| Margate Park | $1,578 |
| Bronzeville | $1,577 |
| Bryn Mawr Historic District | $1,563 |
| Budlong Woods | $1,551 |
| North Kenwood | $1,495 |
| Rogers Park | $1,486 |
| West Rogers Park | $1,480 |
| Woodlawn | $1,459 |
| East Garfield Park | $1,420 |
| Edgewater Beach | $1,413 |
| Jefferson Park | $1,345 |
| South Shore | $1,338 |
| Edgewater | $1,322 |
| Douglas Park | $1,309 |
| Englewood | $1,286 |
| Sheridan Park | $1,285 |
| Washington Park | $1,194 |
| Austin | $1,088 |
| Jackson Park Highlands | $1,069 |
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Chicago | Rent Comparison by Neighborhood
Rent in River West is 52% higher than in Andersonville
$2,998
River West rent is 1% higher than Chicago average
Average Rent
$2,998
$1,971
Andersonville rent is 34% lower than Chicago average
Average Rent
$1,971
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all River West apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.