Monthly Rent Report
West Loop Rent Report — November 2020
Asking rents in ZIP 60606, Chicago, from 206 listings.
Median 1BR rent in West Loop was $2,100 in November 2020, down 13.2% (−$320) from October 2020 and down 8.1% year-over-year. The middle half of 1BR listings asked between $2,100 and $2,100. That puts West Loop $950 above the Chicago citywide 1BR median of $1,150. The month's figures are based on 206 listings across 4 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2020 | Vs. November 2019 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,655 | −$70 (-4.1%) | −$310 (-15.8%) | $1,528 – $1,765 | 158 |
| 1BR | $2,100 | −$320 (-13.2%) | −$185 (-8.1%) | $2,100 – $2,100 | 2 |
| 2BR | $2,748 | −$37 (-1.3%) | −$287 (-9.5%) | $2,360 – $2,825 | 40 |
| 3BR | $6,228 | +$13 (+0.2%) | +$998 (+19.1%) | $6,217 – $6,228 | 6 |
Median, P25, and P75 are asking rents from listings posted in November 2020. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — November 2020
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,655 | $955 | +$700 (+73.3%) |
| 1BR | $2,100 | $1,150 | +$950 (+82.6%) |
| 2BR | $2,748 | $1,373 | +$1,375 (+100.2%) |
| 3BR | $6,228 | $1,650 | +$4,578 (+277.5%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in November 2020.