Monthly Rent Report
West Loop Rent Report — June 2020
Asking rents in ZIP 60606, Chicago, from 3,446 listings.
Median 1BR rent in West Loop was $2,404 in June 2020, down 0.9% (−$21) from May 2020 and up 9.4% year-over-year. The middle half of 1BR listings asked between $2,265 and $2,515. That puts West Loop $1,207 above the Chicago citywide 1BR median of $1,198. The month's figures are based on 3,446 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2020 | Vs. June 2019 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,860 | −$105 (-5.3%) | −$65 (-3.4%) | $1,715 – $2,025 | 942 |
| Studio | $1,875 | −$90 (-4.6%) | −$50 (-2.6%) | $1,725 – $2,025 | 769 |
| 1BR | $2,404 | −$21 (-0.9%) | +$206 (+9.4%) | $2,265 – $2,515 | 822 |
| 1BR | $2,405 | −$20 (-0.8%) | +$207 (+9.4%) | $2,265 – $2,515 | 656 |
| 2BR | $3,125 | +$50 (+1.6%) | +$424 (+15.7%) | $3,050 – $3,265 | 107 |
| 2BR | $3,215 | +$140 (+4.6%) | +$514 (+19.0%) | $3,047 – $3,265 | 134 |
| 3BR | $5,000 | +$25 (+0.5%) | +$50 (+1.0%) | $4,908 – $5,116 | 7 |
| 3BR | $5,000 | +$25 (+0.5%) | +$50 (+1.0%) | $4,896 – $5,116 | 9 |
Median, P25, and P75 are asking rents from listings posted in June 2020. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — June 2020
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,860 | $1,050 | +$810 (+77.1%) |
| Studio | $1,875 | $1,050 | +$825 (+78.6%) |
| 1BR | $2,404 | $1,198 | +$1,207 (+100.8%) |
| 1BR | $2,405 | $1,198 | +$1,208 (+100.8%) |
| 2BR | $3,125 | $1,500 | +$1,625 (+108.3%) |
| 2BR | $3,215 | $1,500 | +$1,715 (+114.3%) |
| 3BR | $5,000 | $1,839 | +$3,161 (+171.9%) |
| 3BR | $5,000 | $1,839 | +$3,161 (+171.9%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in June 2020.