Monthly Rent Report
West Loop Rent Report — April 2021
Asking rents in ZIP 60606, Chicago, from 924 listings.
Median 1BR rent in West Loop was $2,082 in April 2021, up 1.1% (+$23) from March 2021 and down 13.4% year-over-year. The middle half of 1BR listings asked between $1,920 and $2,235. That puts West Loop $832 above the Chicago citywide 1BR median of $1,250. The month's figures are based on 924 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2021 | Vs. April 2020 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,587 | −$209 (-11.6%) | −$388 (-19.6%) | $1,502 – $1,781 | 74 |
| Studio | $1,765 | −$31 (-1.7%) | −$210 (-10.6%) | $1,577 – $1,925 | 184 |
| 1BR | $2,082 | +$23 (+1.1%) | −$323 (-13.4%) | $1,920 – $2,235 | 393 |
| 1BR | $2,085 | +$26 (+1.3%) | −$320 (-13.3%) | $2,015 – $2,265 | 95 |
| 2BR | $2,722 | +$93 (+3.5%) | −$483 (-15.1%) | $2,503 – $2,854 | 6 |
| 2BR | $2,859 | +$230 (+8.7%) | −$346 (-10.8%) | $2,803 – $3,255 | 122 |
| 3BR | $5,712 | −$457 (-7.4%) | +$841 (+17.3%) | $5,512 – $6,099 | 48 |
| 3BR | $6,173 | +$4 (+0.1%) | +$1,302 (+26.7%) | $6,169 – $6,177 | 2 |
Median, P25, and P75 are asking rents from listings posted in April 2021. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — April 2021
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,587 | $1,041 | +$546 (+52.4%) |
| Studio | $1,765 | $1,041 | +$724 (+69.5%) |
| 1BR | $2,082 | $1,250 | +$832 (+66.6%) |
| 1BR | $2,085 | $1,250 | +$835 (+66.8%) |
| 2BR | $2,722 | $1,510 | +$1,212 (+80.2%) |
| 2BR | $2,859 | $1,510 | +$1,349 (+89.3%) |
| 3BR | $5,712 | $1,935 | +$3,777 (+195.2%) |
| 3BR | $6,173 | $1,935 | +$4,238 (+219.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in April 2021.