Monthly Rent Report
West Loop Rent Report — February 2021
Asking rents in ZIP 60606, Chicago, from 176 listings.
Median 1BR rent in West Loop was $1,896 in February 2021, down 4.3% (−$86) from January 2021 and down 13.8% year-over-year. The middle half of 1BR listings asked between $1,676 and $2,000. That puts West Loop $698 above the Chicago citywide 1BR median of $1,198. The month's figures are based on 176 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2021 | Vs. February 2020 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,592 | −$25 (-1.6%) | −$433 (-21.4%) | $1,496 – $1,947 | 42 |
| Studio | $1,518 | −$99 (-6.1%) | −$507 (-25.0%) | $1,409 – $1,675 | 12 |
| 1BR | $1,896 | −$86 (-4.3%) | −$304 (-13.8%) | $1,676 – $2,000 | 20 |
| 1BR | $2,084 | +$102 (+5.1%) | −$116 (-5.3%) | $1,999 – $2,214 | 77 |
| 2BR | $2,924 | +$465 (+18.9%) | +$249 (+9.3%) | $2,615 – $3,268 | 4 |
| 2BR | $2,752 | +$293 (+11.9%) | +$77 (+2.9%) | $2,535 – $2,964 | 15 |
| 3BR | $6,161 | −$47 (-0.8%) | +$1,596 (+35.0%) | $6,158 – $6,163 | 2 |
| 3BR | $4,826 | −$1,382 (-22.3%) | +$261 (+5.7%) | $4,678 – $5,228 | 4 |
Median, P25, and P75 are asking rents from listings posted in February 2021. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — February 2021
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,592 | $1,013 | +$579 (+57.2%) |
| Studio | $1,518 | $1,013 | +$506 (+49.9%) |
| 1BR | $1,896 | $1,198 | +$698 (+58.3%) |
| 1BR | $2,084 | $1,198 | +$886 (+74.0%) |
| 2BR | $2,924 | $1,411 | +$1,513 (+107.2%) |
| 2BR | $2,752 | $1,411 | +$1,341 (+95.0%) |
| 3BR | $6,161 | $1,785 | +$4,376 (+245.1%) |
| 3BR | $4,826 | $1,785 | +$3,041 (+170.3%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in February 2021.