Monthly Rent Report
West Loop Rent Report — August 2021
Asking rents in ZIP 60606, Chicago, from 521 listings.
Median 1BR rent in West Loop was $2,186 in August 2021, down 6.5% (−$152) from July 2021 and down 6.2% year-over-year. The middle half of 1BR listings asked between $2,091 and $2,239. That puts West Loop $989 above the Chicago citywide 1BR median of $1,198. The month's figures are based on 521 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2021 | Vs. August 2020 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,021 | +$16 (+0.8%) | +$176 (+9.5%) | $1,855 – $2,161 | 140 |
| Studio | $2,114 | +$109 (+5.4%) | +$269 (+14.6%) | $1,964 – $2,165 | 20 |
| 1BR | $2,186 | −$152 (-6.5%) | −$145 (-6.2%) | $2,091 – $2,239 | 48 |
| 1BR | $2,299 | −$39 (-1.7%) | −$32 (-1.4%) | $2,206 – $2,432 | 263 |
| 2BR | $3,396 | −$119 (-3.4%) | −$8 (-0.2%) | $3,061 – $3,401 | 3 |
| 2BR | $3,410 | −$105 (-3.0%) | +$6 (+0.2%) | $3,398 – $3,515 | 40 |
| 3BR | $5,072 | −$1,753 (-25.7%) | +$711 (+16.3%) | $3,795 – $6,380 | 6 |
| 3BR | $6,351 | −$474 (-6.9%) | +$1,990 (+45.6%) | $6,351 – $6,351 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2021. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — August 2021
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,021 | $1,050 | +$971 (+92.5%) |
| Studio | $2,114 | $1,050 | +$1,064 (+101.3%) |
| 1BR | $2,186 | $1,198 | +$989 (+82.5%) |
| 1BR | $2,299 | $1,198 | +$1,102 (+92.0%) |
| 2BR | $3,396 | $1,498 | +$1,899 (+126.8%) |
| 2BR | $3,410 | $1,498 | +$1,913 (+127.7%) |
| 3BR | $5,072 | $2,000 | +$3,072 (+153.6%) |
| 3BR | $6,351 | $2,000 | +$4,351 (+217.6%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2021.