On an apartment hunt in the Windy City and unsure which location is best for you? As a major metro, there are many areas worth renting that can be challenging to navigate, especially since they offer unique living experiences.
Learn the best rental neighborhoods in Chicago and what makes them apartment-friendly as your next home.
5 Best Rental Neighborhoods in Chicago for Apartment Living
Below are the five best rental neighborhoods in Chicago, their average rental rates, and why they’re great options for apartment seekers.
1. West Loop: Best for Upscale Apartment Living in Downtown
West Loop is one of the most well-known neighborhoods in Chicago because it’s in the heart of downtown. It has plenty of access to public transportation and is famous for its luxury shopping centers, award-winning restaurants, and proximity to Lake Michigan.
While the West Loop’s average rent is higher at $2,383, it offers upscale living. You’ll often find renovated loft apartments from former warehouses and luxury high-rise buildings near the city’s skyline. It not only offers the benefits of a spacious, newer property, but it’s also one of the most sought-after communities in Chicago.
Looking for a new apartment in West Loop? Check out The Regal.
2. River North: Best for Downtown Commute Access & Fast-Paced Living
As the home to the luxury Magnificent Mile shopping district and the Chicago Riverwalk, River North is among the most bustling neighborhoods to rent an apartment. It’s also within walking distance of the downtown Central Business District, making it practical for working professionals who prioritize a short commute and plenty of public transit access.
River North’s average rent is higher at $3,479 due to its desirable location. You’ll often find mixed-use buildings with ground-floor retail and converted warehouse apartments, offering convenient amenities and bigger floor plans in a high-demand area.
Looking for a new apartment in West Loop? Check out Gramercy Row.
3. Wicker Park: Best for Artistic Neighborhood Living
Wicker Park is a vibrant neighborhood to rent an apartment because of its art scene. There are live music venues, thrift shops, and vintage record stores, making it one of the most trendy areas to live in Chicago. Wicker Park’s average rent is higher at $2,973 due to its sought-after location. You’ll often find renovated apartments in vintage buildings and loft-style units in smaller buildings with skyline views.
4. Lincoln Park: Best for the Most Greenery in the City
Nature enthusiasts love to live in Lincoln Park because it has the largest park in Chicago. It sits on the Lake Michigan shoreline, giving you waterfront cityscape views and plenty of active green spaces nearby. Not to mention, Lincoln Park residents also get free admission to the Lincoln Park Zoo!
Lincoln Park’s average rent is slightly higher at $2,488, as it’s an urban green oasis in the city. You’ll often find mid-rise buildings with tree-lined trails, pet-friendly apartments near parks, and lakefront beach communities.
Looking for a new apartment in Lincoln Park? Check out Beachwalk.
5. Hyde Park: Best for Budget-Friendly Living Near College Campuses
Hyde Park is one of the best rental neighborhoods in Chicago because of its prime location and affordability. It’s near the University of Chicago, bringing a college town experience with convenient public transit access.
Hyde Park’s average rent is $1,806, making it practical for budget-conscious renters. You’ll often find student-friendly studios near college campuses and renovated apartments in vintage buildings.
Looking for a new apartment in Hyde Park? Check out our eight communities:
Streamline Your Search for the Best Places to Rent in Chicago
Make your move to the Windy City a breeze. At TLC Management Co., we own and manage over 30 properties in Chicagoland, offering local expertise to find you the best place to live.
Our communities have unique and convenient amenities for diverse lifestyles, including:
•English rowhouses, oversized floor-to-ceiling windows, and balconies with French doors
•Pet-friendly policies, private lakefront beach access, and resort-style swimming pools
•Flexible lease terms and no security deposit required for select properties
Ready to start your search?
Browse our Chicago apartments or contact us at info@chicagorentals.com to schedule your tour today!
