Monthly Rent Report
West Loop Rent Report — December 2020
Asking rents in ZIP 60606, Chicago, from 5 listings.
Median 1BR rent in West Loop was $2,261 in December 2020, up 7.7% (+$161) from November 2020 and down 2.0% year-over-year. The middle half of 1BR listings asked between $2,180 and $2,342. That puts West Loop $1,131 above the Chicago citywide 1BR median of $1,130. The month's figures are based on 5 listings across 4 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2020 | Vs. December 2019 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,616 | −$39 (-2.4%) | −$344 (-17.6%) | $1,616 – $1,616 | 1 |
| 1BR | $2,261 | +$161 (+7.7%) | −$47 (-2.0%) | $2,180 – $2,342 | 2 |
| 2BR | $1,575 | −$1,172 (-42.7%) | −$1,460 (-48.1%) | $1,575 – $1,575 | 1 |
| 3BR | $6,207 | −$21 (-0.3%) | −$1,321 (-17.5%) | $6,207 – $6,207 | 1 |
Median, P25, and P75 are asking rents from listings posted in December 2020. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — December 2020
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,616 | $950 | +$666 (+70.1%) |
| 1BR | $2,261 | $1,130 | +$1,131 (+100.1%) |
| 2BR | $1,575 | $1,500 | +$75 (+5.0%) |
| 3BR | $6,207 | $1,750 | +$4,457 (+254.7%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in December 2020.