River West renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in River West is about $1,633 per month. This puts it in the 73rd percentile compared to the city average cost of rent, which is $1,656. Households in River West have a median income of $7,485 per month so the average renter in River West is spending roughly 22% of their earnings on housing.
Nationally, and in River West, home values are the data point most closely correlated with the cost of rent. The median price of a home in River West is $659,687 right now, which is higher than nearby neighborhoods, meaning that rents in River West also tend to be higher versus these nearby neighborhoods.
Higher rent prices are common in the northeastern parts of River West while lower rent rates are often available in southeastern areas.
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