Monthly Rent Report
West Loop Rent Report — January 2022
Asking rents in ZIP 60606, Chicago, from 159 listings.
Median 1BR rent in West Loop was $2,359 in January 2022, down 1.7% (−$42) from December 2021 and up 19.0% year-over-year. The middle half of 1BR listings asked between $2,163 and $2,422. That puts West Loop $1,074 above the Chicago citywide 1BR median of $1,285. The month's figures are based on 159 listings across 4 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2021 | Vs. January 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,097 | −$31 (-1.5%) | +$480 (+29.7%) | $2,039 – $2,182 | 46 |
| 1BR | $2,359 | −$42 (-1.7%) | +$377 (+19.0%) | $2,163 – $2,422 | 100 |
| 2BR | $2,531 | −$465 (-15.5%) | +$72 (+2.9%) | $2,099 – $2,962 | 10 |
| 3BR | $7,491 | +$2,875 (+62.3%) | +$1,283 (+20.7%) | $7,491 – $7,491 | 3 |
Median, P25, and P75 are asking rents from listings posted in January 2022. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — January 2022
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,097 | $1,000 | +$1,097 (+109.7%) |
| 1BR | $2,359 | $1,285 | +$1,074 (+83.6%) |
| 2BR | $2,531 | $1,500 | +$1,031 (+68.7%) |
| 3BR | $7,491 | $1,975 | +$5,516 (+279.3%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in January 2022.