Apartment Price Drops This Week in Downtown Chicago - Chicago, IL
Biggest Rent Drops in Downtown Chicago, Chicago
Data updated: October 15, 2025 at 10:25 AM PDT
Looking for an apartment deal in Downtown Chicago? We’ve surfaced the biggest rent drops and current trends in this part of Chicago.
Which listings in Downtown Chicago have had the biggest price drops in the past week?
Unit 2601 at Cascade, a cozy studio with one bath, saw a substantial price reduction of $462, bringing the rent down to $2830. Meanwhile, Unit 2112 at Wolf Point East, featuring a spacious layout with one bedroom and one bath, experienced a $304 decrease, now available for $3050. These newly discounted prices make both units remarkable opportunities in the competitive Chicago market.
| Property Name | Unit Description | New Price (Drop) | Drop Date |
|---|---|---|---|
| Cascade | Studio, 1 bath | $2830 (-$462) | 10/14 |
| Wolf Point East | 1 bed, 1 bath | $3050 (-$304) | 10/9 |
| Wolf Point West | 1 bed, 1 bath | $3490 (-$200) | 10/9 |
| OneEleven | Studio, 1 bath | $2609 (-$127) | 10/9 |
| One East Delaware | Studio, 1 bath | $2260 (-$120) | 10/8 |
| Chestnut Place | Studio, 1 bath | $2455 (-$114) | 10/13 |
| Arrive Streeterville | Studio, 1 bath | $2085 (-$105) | 10/15 |
| The Bernardin | 2 beds, 2 baths | $3899 (-$101) | 10/15 |
| Aston Chicago | 2 beds, 2 baths | $4120 (-$64) | 10/14 |
| Exhibit on Superior | Studio, 1 bath | $3015 (-$62) | 10/8 |
What’s the rent trend in Downtown Chicago?
If you’re looking to rent in Downtown Chicago, here’s the latest on rent trends: The average rent for a 1-bedroom apartment has increased slightly over the past week, now sitting at $2,976, up from $2,884. On the other hand, 2-bedroom apartments have seen a slight decrease, with the average rent now at $4,510, compared to last week’s $4,531. These shifts reflect the dynamic nature of the rental market, so it’s a good idea to keep an eye on trends as you search for your next home.
Top 5 Price Drops This Week
Cascade – 2601
Studio, 1 bath, 509 sq ft
Was: $3292 → Now: $2830
Price Drop: $462
Price Changed on: 10/14
Wolf Point East – 2112
1 bed, 1 bath, 767 sq ft
Was: $3354 → Now: $3050
Price Drop: $304
Price Changed on: 10/9
Wolf Point West – 2804
1 bed, 1 bath, 831 sq ft
Was: $3690 → Now: $3490
Price Drop: $200
Price Changed on: 10/9
OneEleven – 2107
Studio, 1 bath, 538 sq ft
Was: $2736 → Now: $2609
Price Drop: $127
Price Changed on: 10/9
One East Delaware – 20F
Studio, 1 bath, 540 sq ft
Was: $2380 → Now: $2260
Price Drop: $120
Price Changed on: 10/8
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Note: Pricing, availability, and specials are subject to change. Please check the individual listings for the most up-to-date information.
