Monthly Rent Report
West Loop Rent Report — October 2021
Asking rents in ZIP 60606, Chicago, from 123 listings.
Median 1BR rent in West Loop was $2,299 in October 2021, up 2.9% (+$64) from September 2021 and down 5.0% year-over-year. The middle half of 1BR listings asked between $2,235 and $2,526. That puts West Loop $1,104 above the Chicago citywide 1BR median of $1,195. The month's figures are based on 123 listings across 4 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2021 | Vs. October 2020 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,803 | −$88 (-4.7%) | +$78 (+4.5%) | $1,748 – $1,941 | 58 |
| 1BR | $2,299 | +$64 (+2.9%) | −$121 (-5.0%) | $2,235 – $2,526 | 41 |
| 2BR | $3,119 | −$15 (-0.5%) | +$334 (+12.0%) | $3,098 – $3,382 | 16 |
| 3BR | $5,165 | +$1,092 (+26.8%) | −$1,050 (-16.9%) | $4,878 – $5,455 | 8 |
Median, P25, and P75 are asking rents from listings posted in October 2021. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — October 2021
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,803 | $950 | +$853 (+89.8%) |
| 1BR | $2,299 | $1,195 | +$1,104 (+92.4%) |
| 2BR | $3,119 | $1,371 | +$1,748 (+127.5%) |
| 3BR | $5,165 | $1,795 | +$3,370 (+187.7%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in October 2021.