Presidential Towers
555 W Madison St,
Chicago, IL 60661
$1,785 - $5,636
Studio - 2 Beds
West Loop
Chicago, IL
West Loop - Chicago, IL Area Guide
Experience the best of Chicago in West Loop
Public Transportation
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Upscale
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Walkable
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Dining
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Shopping
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Art
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Music
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Chicago’s West Loop has earned a reputation as one of the most exciting areas to eat, drink, and experience the city's best, so it’s no wonder locals are envious of anyone who gets to call this neighborhood home. Where industrial warehouses once stood, swanky high-rise apartments and condos now provide unbeatable views of the river and the city skyline. West Loop's convenient central location puts renters within walking distance of Downtown, Little Italy, and the Medical District. Numerous bus and rail lines passing through make it easy to commute anywhere in the city.
West Loop locals enjoy a mind-boggling selection of restaurants, bars, specialty grocery stores, art galleries, and performance venues. The mix of modern and classical architecture combined with the various public art installations reflects the neighborhood’s unique historic and creative influences, and a distinctive European flair permeates the whole environment. It’s a popular spot for outdoor community events too: Union Park plays host to major music festivals every summer, and the annual Randolph Street Market Festival is a local favorite. While West Loop’s cost of living may be a little higher than surrounding areas, the selection of dining and entertainment options make it worth the price for many renters.
Explore the Neighborhood
Brightly colored restaurants line the street
Nighttime traffic in West Loop
West Loop skyscrapers
Rent Trends
As of March 2026, the average apartment rent in West Loop is $2,185 for a studio, $2,723 for one bedroom, $3,885 for two bedrooms, and $5,145 for three bedrooms. Apartment rent in West Loop has increased by 2.5% in the past year.
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Studio
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517 sq ft
Average Sq Ft
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$2,185/month
Average Rent
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1 BR
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729 sq ft
Average Sq Ft
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$2,723/month
Average Rent
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2 BR
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1,097 sq ft
Average Sq Ft
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$3,885/month
Average Rent
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3 BR
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1,437 sq ft
Average Sq Ft
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$5,145/month
Average Rent
Getting Around
Explore how walkable, bikeable, drivable, and transit-friendly West Loop - Chicago, IL is for everyday living.
Walker's Paradise
95
/ 100
Lace up your walking shoes because this area is considered a walker’s paradise.
Excellent Transit
85
/ 100
You’ll have excellent transit living in this area, with several nearby transit stops.
Biker's Paradise
91
/ 100
Do you prefer to get around on two wheels? You’ll love living in this neighborhood, which is considered a biker’s paradise.
Scores provided by Walk Score
Points of Interest
Shopping Centers
Parks and Recreation
- Alliance for the Great Lakes
- Openlands
- Millennium Park
- Grant Park
- Lake Shore Park
Military Bases
Airports
- Chicago Midway International
- Chicago O'Hare International
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Living in West Loop
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.