Monthly Rent Report
West Loop Rent Report — September 2020
Asking rents in ZIP 60606, Chicago, from 3,009 listings.
Median 1BR rent in West Loop was $2,195 in September 2020, down 6.4% (−$150) from August 2020 and down 4.1% year-over-year. The middle half of 1BR listings asked between $1,930 and $2,405. That puts West Loop $998 above the Chicago citywide 1BR median of $1,198. The month's figures are based on 3,009 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2020 | Vs. September 2019 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,825 | −$20 (-1.1%) | −$270 (-12.9%) | $1,635 – $1,965 | 824 |
| Studio | $1,814 | −$31 (-1.7%) | −$281 (-13.4%) | $1,814 – $1,814 | 1 |
| 1BR | $2,195 | −$150 (-6.4%) | −$95 (-4.1%) | $1,930 – $2,405 | 977 |
| 1BR | $2,195 | −$150 (-6.4%) | −$95 (-4.1%) | $1,930 – $2,405 | 977 |
| 2BR | $3,295 | −$120 (-3.5%) | +$293 (+9.8%) | $2,745 – $3,415 | 169 |
| 2BR | $1,995 | −$1,420 (-41.6%) | −$1,007 (-33.5%) | $1,995 – $1,995 | 1 |
| 3BR | $6,232 | +$1,871 (+42.9%) | +$3,032 (+94.8%) | $4,691 – $6,237 | 30 |
| 3BR | $6,232 | +$1,871 (+42.9%) | +$3,032 (+94.8%) | $4,691 – $6,237 | 30 |
Median, P25, and P75 are asking rents from listings posted in September 2020. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — September 2020
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,825 | $980 | +$845 (+86.2%) |
| Studio | $1,814 | $980 | +$834 (+85.1%) |
| 1BR | $2,195 | $1,198 | +$998 (+83.3%) |
| 1BR | $2,195 | $1,198 | +$998 (+83.3%) |
| 2BR | $3,295 | $1,475 | +$1,820 (+123.4%) |
| 2BR | $1,995 | $1,475 | +$520 (+35.3%) |
| 3BR | $6,232 | $1,699 | +$4,533 (+266.9%) |
| 3BR | $6,232 | $1,699 | +$4,533 (+266.9%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in September 2020.