Near South Side Market Trends

The Near South Side is a community area of Chicago in Cook County, Illinois, United States. It is located just south of the downtown central business district, the Loop, which is itself a community area. The Near South Side's boundaries are as follows: North—Roosevelt Road; South—26th Street; West—Chicago River between Roosevelt and 18th Street, Clark Street between 18th Street and Cermak Road, Federal between Cermak Road and the Stevenson Expressway just south of 25th Street, and Clark Street again between the Stevenson and 26th Street; and East—Lake Michigan.
The portion of the Near South Side located near Lake Shore Drive contains some of the most well-known structures in Chicago: Soldier Field, the home of the National Football League Chicago Bears; McCormick Place, Chicago's primary convention center; the Museum Campus, which contains the Field Museum, the Shedd Aquarium, and the Adler Planetarium; and Northerly Island. The remaining area is currently undergoing a major residential and mixed-use redevelopment. As part of the Chicago 2016 Olympic bid, the Olympic Village was planned to be located on a 37-acre truck parking lot south of McCormick Place that is mostly in the Douglas community area and partly in the Near South Side.

Currently, the average rents in this neighborhood are approximately:

Bedrooms Average Rent
Studios $1,657
1 bedroom $2,118
2 bedrooms $3,206
3 bedrooms $4,957
Listing Price Bed/Bath

If you're looking for Near South Side apartments on Craigslist but don't want to pay a broker fee, a good place to start your apartment search is Near South Side no fee apartment guide.