Monthly Rent Report
West Loop Rent Report — July 2020
Asking rents in ZIP 60606, Chicago, from 4,064 listings.
Median 1BR rent in West Loop was $2,350 in July 2020, down 2.2% (−$54) from June 2020 and up 32.5% year-over-year. The middle half of 1BR listings asked between $2,195 and $2,515. That puts West Loop $1,158 above the Chicago citywide 1BR median of $1,193. The month's figures are based on 4,064 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2020 | Vs. July 2019 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,845 | −$30 (-1.6%) | −$5 (-0.3%) | $1,775 – $1,995 | 930 |
| Studio | $1,845 | −$30 (-1.6%) | −$5 (-0.3%) | $1,775 – $1,995 | 930 |
| 1BR | $2,350 | −$54 (-2.2%) | +$576 (+32.5%) | $2,195 – $2,515 | 950 |
| 1BR | $2,350 | −$54 (-2.2%) | +$576 (+32.5%) | $2,195 – $2,515 | 950 |
| 2BR | $3,365 | +$240 (+7.7%) | −$320 (-8.7%) | $3,265 – $3,415 | 146 |
| 2BR | $3,365 | +$240 (+7.7%) | −$320 (-8.7%) | $3,265 – $3,415 | 146 |
| 3BR | $4,802 | −$198 (-4.0%) | −$458 (-8.7%) | $4,674 – $5,331 | 6 |
| 3BR | $4,802 | −$198 (-4.0%) | −$458 (-8.7%) | $4,674 – $5,331 | 6 |
Median, P25, and P75 are asking rents from listings posted in July 2020. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — July 2020
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,845 | $979 | +$866 (+88.5%) |
| Studio | $1,845 | $979 | +$866 (+88.5%) |
| 1BR | $2,350 | $1,193 | +$1,158 (+97.1%) |
| 1BR | $2,350 | $1,193 | +$1,158 (+97.1%) |
| 2BR | $3,365 | $1,529 | +$1,836 (+120.1%) |
| 2BR | $3,365 | $1,529 | +$1,836 (+120.1%) |
| 3BR | $4,802 | $1,818 | +$2,984 (+164.2%) |
| 3BR | $4,802 | $1,818 | +$2,984 (+164.2%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in July 2020.