Monthly Rent Report
West Loop Rent Report — July 2021
Asking rents in ZIP 60606, Chicago, from 716 listings.
Median 1BR rent in West Loop was $2,341 in July 2021, up 4.7% (+$106) from June 2021 and down 0.4% year-over-year. The middle half of 1BR listings asked between $2,230 and $2,429. That puts West Loop $1,146 above the Chicago citywide 1BR median of $1,195. The month's figures are based on 716 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2021 | Vs. July 2020 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,005 | −$41 (-2.0%) | +$160 (+8.7%) | $1,811 – $2,212 | 44 |
| Studio | $1,995 | −$51 (-2.5%) | +$150 (+8.1%) | $1,775 – $2,265 | 230 |
| 1BR | $2,341 | +$106 (+4.7%) | −$9 (-0.4%) | $2,230 – $2,429 | 310 |
| 1BR | $2,338 | +$103 (+4.6%) | −$12 (-0.5%) | $2,231 – $2,429 | 85 |
| 2BR | $2,980 | −$155 (-4.9%) | −$385 (-11.4%) | $2,905 – $3,122 | 4 |
| 2BR | $3,515 | +$380 (+12.1%) | +$150 (+4.5%) | $2,840 – $3,515 | 40 |
| 3BR | $4,505 | +$510 (+12.8%) | −$296 (-6.2%) | $4,150 – $4,860 | 2 |
| 3BR | $6,825 | +$2,830 (+70.8%) | +$2,024 (+42.1%) | $6,825 – $6,825 | 1 |
Median, P25, and P75 are asking rents from listings posted in July 2021. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — July 2021
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,005 | $1,038 | +$968 (+93.3%) |
| Studio | $1,995 | $1,038 | +$958 (+92.3%) |
| 1BR | $2,341 | $1,195 | +$1,146 (+95.9%) |
| 1BR | $2,338 | $1,195 | +$1,143 (+95.6%) |
| 2BR | $2,980 | $1,498 | +$1,483 (+99.0%) |
| 2BR | $3,515 | $1,498 | +$2,018 (+134.7%) |
| 3BR | $4,505 | $1,943 | +$2,563 (+131.9%) |
| 3BR | $6,825 | $1,943 | +$4,883 (+251.4%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in July 2021.