Apartment Price Drops This Week in Near West Side - Chicago, IL

Written by Sunny | Edited by Ian Medlock
2 minute read

Biggest Rent Drops in Near West Side, Chicago

Data updated: August 24, 2025 at 09:22 PM PDT

Looking for an apartment deal in Near West Side? We’ve surfaced the biggest rent drops and current trends in this part of Chicago.


Which listings in Near West Side have had the biggest price drops in the past week?

Unit 3906 at 727 West Madison, featuring 3 bedrooms and 3 bathrooms, recently saw a price reduction of $440, bringing the monthly rent to $6,775. Meanwhile, Unit 1101 at The Mason, with 3 bedrooms and 2 bathrooms, experienced a $167 drop, making the new price $5,832. These deals are worth exploring for anyone seeking luxury accommodations at more accessible prices.

Property Name Unit Description New Price (Drop) Drop Date
727 West Madison 3 beds, 3 baths $6775 (-$440) 8/18
The Mason 3 beds, 2 baths $5832 (-$167) 8/22
The Lofts at Gin Alley 1 bed, 1 bath $2842 (-$117) 8/22

What’s the rent trend in Near West Side?

Rent trend data is not available for this neighborhood at the moment.


Top 5 Price Drops This Week

727 West Madison

727 West Madison – 3906
3 beds, 3 baths, 1550 sq ft
Was: $7215 → Now: $6775
Price Drop: $440

Price Changed on: 8/18


The Mason

The Mason – 1101
3 beds, 2 baths, 1300 sq ft
Was: $5832 → Now: $5832
Price Drop: $167

Price Changed on: 8/22


The Lofts at Gin Alley

The Lofts at Gin Alley – 0211
1 bed, 1 bath, 715 sq ft
Was: $2842 → Now: $2842
Price Drop: $117

Price Changed on: 8/22


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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.

Meet our contributors
Ian Medlock
Ian Medlock
General Manager
Ian Medlock leads growth at Sunny, where he helps renters discover the best places to live through smart, data-driven tools. With a background in marketing, product, and analytics, he's passionate about building experiences people love. Ian lives in the bay area with his family.