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Wanna Rent a Place by the 'L'? Here's What it Will Cost You

By Tanveer Ali | October 31, 2014 5:23am
 RadPad, an apartment rental firm, studied 18,000 listings to see how much it costs to live near the "L."
RadPad, an apartment rental firm, studied 18,000 listings to see how much it costs to live near the "L."
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RadPad

CHICAGO — If you want to live near the "L" but are tight on money, it's best not to look for a place in River North, Wicker Park or the Loop.

The median price of a one-bedroom apartment in those areas? Over $2,000 a month.

RadPad, a Los Angeles-based apartment rental company, studied 18,000 listings of one-bedroom apartments within a half-mile of 36 "L" stops.

"We appeal mostly to students and young people in their 20s," said CEO Jonathan Eppers, who noted that many people in that group don't have cars. "If I moved there [to Chicago], I probably am not going with a car."

The most expensive one-bedrooms are around the Chicago Avenue Brown Line station, where the median apartment will set you back $2,144 a month.

Near Wicker Park's Damen Blue Line station, the same type of apartment would cost $2,052 a monthNear the Washington/Wells "L" station in the Loop: $2,052.

On the other end of the price scale, there are bargains in the northern and southern reaches of the city.

The median listing in Roseland, within a half-mile of the 95th/Dan Ryan Red Line station was $712 per month. Near Lincoln Square's Western Avenue station, the median listing was $933 per month.

The infographic focuses on stops that had enough listings between July and September to analyze, Eppers said.

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