Monthly Rent Report
West Loop Rent Report — March 2021
Asking rents in ZIP 60606, Chicago, from 616 listings.
Median 1BR rent in West Loop was $2,164 in March 2021, up 14.1% (+$268) from February 2021 and down 5.3% year-over-year. The middle half of 1BR listings asked between $2,085 and $2,259. That puts West Loop $951 above the Chicago citywide 1BR median of $1,213. The month's figures are based on 616 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2021 | Vs. March 2020 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,796 | +$205 (+12.8%) | −$209 (-10.4%) | $1,548 – $2,018 | 61 |
| Studio | $1,695 | +$104 (+6.5%) | −$310 (-15.5%) | $1,519 – $1,955 | 134 |
| 1BR | $2,164 | +$268 (+14.1%) | −$121 (-5.3%) | $2,085 – $2,259 | 108 |
| 1BR | $2,059 | +$163 (+8.6%) | −$226 (-9.9%) | $1,865 – $2,229 | 264 |
| 2BR | $2,629 | −$123 (-4.5%) | −$406 (-13.4%) | $2,629 – $3,275 | 24 |
| 2BR | $2,629 | −$123 (-4.5%) | −$406 (-13.4%) | $2,629 – $2,629 | 2 |
| 3BR | $6,169 | +$9 (+0.1%) | +$1,674 (+37.2%) | $6,162 – $6,169 | 17 |
| 3BR | $6,166 | +$5 (+0.1%) | +$1,671 (+37.2%) | $6,164 – $6,166 | 6 |
Median, P25, and P75 are asking rents from listings posted in March 2021. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — March 2021
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,796 | $1,025 | +$771 (+75.2%) |
| Studio | $1,695 | $1,025 | +$670 (+65.4%) |
| 1BR | $2,164 | $1,213 | +$951 (+78.4%) |
| 1BR | $2,059 | $1,213 | +$847 (+69.8%) |
| 2BR | $2,629 | $1,545 | +$1,084 (+70.2%) |
| 2BR | $2,629 | $1,545 | +$1,084 (+70.2%) |
| 3BR | $6,169 | $1,945 | +$4,224 (+217.2%) |
| 3BR | $6,166 | $1,945 | +$4,221 (+217.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in March 2021.