Monthly Rent Report
West Loop Rent Report — August 2020
Asking rents in ZIP 60606, Chicago, from 3,225 listings.
Median 1BR rent in West Loop was $2,345 in August 2020, down 0.2% (−$5) from July 2020 and down 0.3% year-over-year. The middle half of 1BR listings asked between $2,171 and $2,475. That puts West Loop $1,103 above the Chicago citywide 1BR median of $1,243. The month's figures are based on 3,225 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2020 | Vs. August 2019 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,845 | $0 (0.0%) | −$104 (-5.3%) | $1,770 – $1,945 | 919 |
| Studio | $1,845 | $0 (0.0%) | −$104 (-5.3%) | $1,705 – $1,995 | 507 |
| 1BR | $2,345 | −$5 (-0.2%) | −$7 (-0.3%) | $2,171 – $2,475 | 1,017 |
| 1BR | $2,331 | −$19 (-0.8%) | −$21 (-0.9%) | $2,094 – $2,475 | 571 |
| 2BR | $3,415 | +$50 (+1.5%) | +$45 (+1.3%) | $2,760 – $3,415 | 66 |
| 2BR | $3,404 | +$39 (+1.2%) | +$34 (+1.0%) | $3,282 – $3,425 | 131 |
| 3BR | $4,632 | −$169 (-3.5%) | −$583 (-11.2%) | $4,361 – $4,825 | 9 |
| 3BR | $4,361 | −$440 (-9.2%) | −$854 (-16.4%) | $4,037 – $4,634 | 5 |
Median, P25, and P75 are asking rents from listings posted in August 2020. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — August 2020
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,845 | $1,001 | +$844 (+84.3%) |
| Studio | $1,845 | $1,001 | +$844 (+84.3%) |
| 1BR | $2,345 | $1,243 | +$1,103 (+88.7%) |
| 1BR | $2,331 | $1,243 | +$1,089 (+87.6%) |
| 2BR | $3,415 | $1,590 | +$1,825 (+114.8%) |
| 2BR | $3,404 | $1,590 | +$1,814 (+114.1%) |
| 3BR | $4,632 | $1,800 | +$2,832 (+157.3%) |
| 3BR | $4,361 | $1,800 | +$2,561 (+142.3%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2020.