Monthly Rent Report
West Loop Rent Report — May 2021
Asking rents in ZIP 60606, Chicago, from 991 listings.
Median 1BR rent in West Loop was $2,226 in May 2021, up 6.9% (+$144) from April 2021 and down 8.2% year-over-year. The middle half of 1BR listings asked between $2,098 and $2,306. That puts West Loop $979 above the Chicago citywide 1BR median of $1,248. The month's figures are based on 991 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2021 | Vs. May 2020 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,785 | +$198 (+12.5%) | −$180 (-9.2%) | $1,663 – $1,911 | 168 |
| Studio | $1,685 | +$98 (+6.1%) | −$280 (-14.3%) | $1,661 – $1,837 | 16 |
| 1BR | $2,226 | +$144 (+6.9%) | −$199 (-8.2%) | $2,098 – $2,306 | 400 |
| 1BR | $2,297 | +$215 (+10.3%) | −$128 (-5.3%) | $2,227 – $2,395 | 35 |
| 2BR | $3,239 | +$380 (+13.3%) | +$164 (+5.3%) | $2,907 – $3,402 | 4 |
| 2BR | $3,107 | +$248 (+8.7%) | +$32 (+1.0%) | $2,816 – $3,874 | 246 |
| 3BR | $5,734 | −$439 (-7.1%) | +$759 (+15.3%) | $5,534 – $6,099 | 121 |
| 3BR | $2,400 | −$3,773 (-61.1%) | −$2,575 (-51.8%) | $2,400 – $2,400 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2021. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — May 2021
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,785 | $995 | +$790 (+79.4%) |
| Studio | $1,685 | $995 | +$690 (+69.3%) |
| 1BR | $2,226 | $1,248 | +$979 (+78.4%) |
| 1BR | $2,297 | $1,248 | +$1,050 (+84.1%) |
| 2BR | $3,239 | $1,521 | +$1,718 (+112.9%) |
| 2BR | $3,107 | $1,521 | +$1,586 (+104.2%) |
| 3BR | $5,734 | $1,950 | +$3,784 (+194.1%) |
| 3BR | $2,400 | $1,950 | +$450 (+23.1%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2021.