Monthly Rent Report
West Loop Rent Report — October 2020
Asking rents in ZIP 60606, Chicago, from 952 listings.
Median 1BR rent in West Loop was $1,885 in October 2020, down 14.1% (−$310) from September 2020 and down 18.6% year-over-year. The middle half of 1BR listings asked between $1,725 and $2,175. That puts West Loop $574 above the Chicago citywide 1BR median of $1,311. The month's figures are based on 952 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2020 | Vs. October 2019 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,725 | −$89 (-4.9%) | −$220 (-11.3%) | $1,525 – $1,845 | 89 |
| Studio | $1,725 | −$89 (-4.9%) | −$220 (-11.3%) | $1,535 – $1,865 | 600 |
| 1BR | $1,885 | −$310 (-14.1%) | −$430 (-18.6%) | $1,725 – $2,175 | 104 |
| 1BR | $2,420 | +$225 (+10.3%) | +$105 (+4.5%) | $2,420 – $2,420 | 1 |
| 2BR | $2,785 | −$510 (-15.5%) | −$250 (-8.2%) | $2,745 – $2,905 | 119 |
| 2BR | $2,785 | −$510 (-15.5%) | −$250 (-8.2%) | $2,745 – $2,905 | 16 |
| 3BR | $6,228 | −$4 (-0.1%) | +$1,103 (+21.5%) | $6,228 – $6,228 | 3 |
| 3BR | $6,216 | −$16 (-0.3%) | +$1,091 (+21.3%) | $6,211 – $6,237 | 20 |
Median, P25, and P75 are asking rents from listings posted in October 2020. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — October 2020
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,725 | $1,103 | +$622 (+56.4%) |
| Studio | $1,725 | $1,103 | +$622 (+56.4%) |
| 1BR | $1,885 | $1,311 | +$574 (+43.8%) |
| 1BR | $2,420 | $1,311 | +$1,109 (+84.6%) |
| 2BR | $2,785 | $1,500 | +$1,285 (+85.7%) |
| 2BR | $2,785 | $1,500 | +$1,285 (+85.7%) |
| 3BR | $6,228 | $1,860 | +$4,368 (+234.8%) |
| 3BR | $6,216 | $1,860 | +$4,356 (+234.2%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in October 2020.