The 5 Chicago Neighborhoods Where Renters Are Most Likely to Score a Good Deal this Fall

Autumn is approaching in Chicago and that means leaves start to fall but what about apartment rental prices, any chance those may drop at all for renters? This post will look at five neighborhoods where renters might save on their apartment rent this fall. The rental prices for 1 bedrooms in these five areas are anywhere between $700 to $200 dollars cheaper than a nearby neighborhood that ranks in the top 10 for apartment inventory on Domu this year. If renters scout out some of the apartments for rent in these Chicago neighborhoods then they may just catch some bargains.

The 5 Chicago Neighborhoods Where Renters Can Score Deals on Apartments in Fall 2021

Avondale
1 Bedroom Rental Price Range, September 2021
$900- 1.5K
vs.
Logan Square 
1 Bedroom Rental Price Range, September 2021
$1.3K - 2.1K

Avondale is a northwest side neighborhood that’s close to many amenities that renters ought to enjoy: proximity to the I90-94 expressway, multiple CTA Blue line stops, renowned restaurants, family-owned businesses, etc. It’s a vibrant area that often gets overshadowed in the conversation about northwest side neighborhoods since the gravitational pull of Logan Square is, well, a tad overwhelming for several reasons. But renters who have an eye of getting more for their money would be wise to scope out apartments in Avondale because they can get plenty of their shopping, transportation and housing needs met at a substantial discount to the always-in-demand apartments of Logan Square or West Lakeview.

Irving Park
1 Bedroom Rental Price Range, September 2021
$900 - 1.2K
vs.
Ravenswood
1 Bedroom Rental Price Range, September 2021
$1.2K - 1.4K

Ravenswood apartments were in demand among renters searching for apartments on Domu in 2 of the last 3 years, and it’s clear to see why renters would flock to this north side neighborhood. The transit options are superlative, with service from both the Metra UP-N and CTA Brown line trains. But if renters shift their focus just a bit further west, they’ll happen upon the charming side streets of Irving Park. Apartment rents were a couple hundred bucks cheaper on average for 1 bedroom apartments in Irving Park than nearby Ravenswood, and here’s the kicker: renters can catch both the Metra trains to downtown AND the CTA Blue line from their Irving Park apartments. Throw in the ease of access to O’Hare International Airport from Irving Park and this locale can be the sweet spot for renters who are looking to do more traveling while saving more money in their next apartment.

River West 
1 Bedroom Rental Price Range, September 2021
$1.8K - 2.2K
vs.
Fulton Market
1 Bedroom Rental Price Range, September 2021
$2.1K - 2.7K

The Fulton Market neighborhood is luring tenants on both the residential and corporate real estate fronts these last couple of years. Corporate HQs are bullish on the prospects for Chicago’s former meatpacking district, which is evidenced by recent office openings for the likes of McDonald’s, Google and Mondelez International. And thanks to the area’s surplus of hip restaurants, chic hotels and trendy event spaces, there's plenty of upside for those corporate employees who work in the Fulton Market area. Apartments near those shiny, new offices fetch a lofty price for renters, though. That’s why River West might be the more attractive destination for renters who are seeking out new construction while saving money in comparison to the red-hot rentals of Fulton Market. River West also has excellent connectivity to the thriving retail districts along both N Milwaukee Ave and W Chicago Ave, so renters can explore West Town or Wicker Park on a whim from their River West apartments.

Bronzeville
1 Bedroom Rental Price Range, September 2021
$1K - 1.2K
vs.
South Loop
1 Bedroom Rental Price Range, September 2021
$1.7K - 2.5K

The South Loop construction boom has been one of the leading contributors to the supply of new apartments for Chicago renters. And even though all those gleaming high-rises have expanded options for renters who seek out luxury apartments with world-class amenity packages, the neighborhood’s rising rental prices may have stymied the search for some renters who want to live within arm’s reach of downtown Chicago without paying a ton for their apartments. That’s where Bronzeville apartments might step in to the picture. This historic neighborhood has a plethora of vintage and mid-century apartments, so it might be immediately clear why apartment rents are such a bargain compared to the South Loop. But renters who want more space for the money won’t be disappointed with Bronzeville. Here’s the real game-changer for those on the fence about renting in Bronzeville versus the South Loop: Bronzeville apartments have easier access to the lakefront, aka the crown jewel of Chicago’s park system.

Streeterville
1 Bedroom Rental Price Range, September 2021
$1.7K - 2.6K
vs.
Gold Coast
1 Bedroom Rental Price Range, September 2021
$1.9K - 3.5K

When it comes to apartments with downtown Chicago access, few neighborhoods can compare to the Gold Coast or Streeterville. These neighborhoods share the benefit of being right up against the city’s eastern edge, or the Lake Michigan shoreline in other words (makes sense why one of them has the word “coast” in the name then, right?). The Gold Coast has a staggering variety of apartments for rent at any given time, from cozy studios right on up to palatial 4- or 5-bedroom places that hearken back to the heyday of Chicago's gilded age. Streeterville, on the other hand, has more of an urban vibe with sleek apartment and condo towers defining much of the terrain. But this type of apartment may be the perfect fit for any renter who wants great access to both the lakefront and the completely revamped Chicago Riverwalk, or someone who needs to be close to the medical campus of Northwestern Memorial Hospital (the neighborhood’s single largest tenant). Other perks of renting in Streeterville include being near the business schools for both Loyola University and University of Chicago. Northwestern University’s law, medical, and journalism schools all have a major foothold in the Streeterville neighborhood as well, and students can catch a shuttle directly up to NU’s main Evanston campus from Streeterville.