Monthly Rent Report
West Loop Rent Report — January 2021
Asking rents in ZIP 60606, Chicago, from 203 listings.
Median 1BR rent in West Loop was $1,982 in January 2021, down 12.3% (−$279) from December 2020 and down 13.3% year-over-year. The middle half of 1BR listings asked between $1,843 and $2,191. That puts West Loop $887 above the Chicago citywide 1BR median of $1,095. The month's figures are based on 203 listings across 4 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2020 | Vs. January 2020 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,617 | +$1 (+0.1%) | −$338 (-17.3%) | $1,475 – $1,889 | 45 |
| 1BR | $1,982 | −$279 (-12.3%) | −$303 (-13.3%) | $1,843 – $2,191 | 117 |
| 2BR | $2,459 | +$884 (+56.1%) | −$576 (-19.0%) | $2,322 – $2,604 | 38 |
| 3BR | $6,208 | +$1 (+0.0%) | −$1,003 (-13.9%) | $6,206 – $6,219 | 3 |
Median, P25, and P75 are asking rents from listings posted in January 2021. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — January 2021
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,617 | $1,010 | +$607 (+60.1%) |
| 1BR | $1,982 | $1,095 | +$887 (+81.0%) |
| 2BR | $2,459 | $1,400 | +$1,059 (+75.6%) |
| 3BR | $6,208 | $1,798 | +$4,411 (+245.4%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in January 2021.