Apartment Price Drops This Week in Chicago, IL
Which apartments in Chicago had the biggest rent drops this week?
Data updated: October 15, 2025 at 10:47 AM PDT
Rents are shifting fast in Chicago, and we’re here to help you stay ahead. This week’s top price drops reflect some of the best deals we’ve seen in months.
How are rent trends changing in Chicago?
This week in chicago, rent prices continued to adjust. Month-over-month, 1-bedrooms rose 3.0% and 2-bedrooms rose 5.1%.
Which apartments dropped in price the most this week?
Unit 510 at Wrigleyville Lofts, featuring 2 bedrooms and 2 bathrooms, recently saw a price reduction of $500, bringing the rent down to $3649. Meanwhile, the studio with 1 bath in Unit 2301 at Cascade has decreased by $462, now costing $2800. These significant price drops make both apartments appealing options for those seeking value in Chicago’s rental market.
| Property Name | Unit Description | New Price (Drop) | Drop Date |
|---|---|---|---|
| Wrigleyville Lofts | 2 beds, 2 baths | $3649 (-$500) | 10/10 |
| Cascade | Studio, 1 bath | $2800 (-$462) | 10/14 |
| Wolf Point East | 1 bed, 1 bath | $3050 (-$304) | 10/9 |
| Parq Fulton | 3 beds, 2.5 baths | $5686 (-$301) | 10/14 |
| Elevate Lincoln Park Apartments | 2 beds, 2 baths | $4678 (-$254) | 10/10 |
| State and Grand | 2 beds, 2 baths | $3835 (-$200) | 10/15 |
| Wolf Point West | 1 bed, 1 bath | $3490 (-$200) | 10/9 |
| Gallery on Wells | Studio, 1 bath | $2316 (-$195) | 10/14 |
| EMME | 2 beds, 2 baths | $3952 (-$195) | 10/13 |
| Burnham Pointe | 2 beds, 3 baths | $5830 (-$179) | 10/10 |
What neighborhoods have the most units dropping in price?
It seems like you’re interested in Phoenix neighborhoods, but the data provided is for Chicago. However, if you’d like to know about the neighborhoods in Chicago with notable price drops, here’s a quick rundown:
Downtown Chicago is buzzing with activity and offers a variety of listings, 13 of which have recently seen price reductions. This vibrant area is perfect for those who love the energy of city life and are looking for a more affordable way to enjoy it.
Just a bit north, the Near North Side also features 10 listings with price drops. Known for its upscale living and proximity to the Magnificent Mile, this neighborhood is ideal for those seeking a blend of luxury and a more budget-friendly option.
Both areas provide great opportunities for potential homeowners or investors to find a deal in some of Chicago’s most desirable neighborhoods!
| Neighborhood | Listings |
|---|---|
| Downtown Chicago | 13 |
| Near North Side | 10 |
| South Loop | 8 |
| North Side | 5 |
| West Side | 5 |
| Far North Side | 5 |
| The Loop | 3 |
| West Loop | 3 |
| Lakeview | 2 |
| South Side | 2 |
These rent drops are combined with specials!
These listings not only dropped in price — they’re also offering incentives like weeks of free rent or look & lease bonuses.
| Property | Description | Special |
|---|---|---|
| Wolf Point East | 1 bed, 1 bath, -$304 | $2500 Off Rent |
| Parq Fulton | 3 beds, 2.5 baths, -$301 | 1 Mo Free Rent |
| State and Grand | 2 beds, 2 baths, -$200 | 1mo free units |
| Wolf Point West | 1 bed, 1 bath, -$200 | $500 credit fast |
| EMME | 2 beds, 2 baths, -$195 | Half month free |
| Burnham Pointe | 2 beds, 3 baths, -$179 | 48hr $400 credit |
Want to keep up with future price changes?
Bookmark this page or search all apartments in Chicago to see the latest.
Note: Pricing, availability, and specials are subject to change. Please check the individual listings for the most up-to-date information.
