Monthly Rent Report
West Loop Rent Report — February 2022
Asking rents in ZIP 60606, Chicago, from 187 listings.
Median 1BR rent in West Loop was $2,320 in February 2022, down 1.7% (−$39) from January 2022 and up 11.3% year-over-year. The middle half of 1BR listings asked between $2,277 and $2,422. That puts West Loop $1,070 above the Chicago citywide 1BR median of $1,250. The month's figures are based on 187 listings across 4 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2022 | Vs. February 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,943 | −$154 (-7.3%) | +$352 (+22.1%) | $1,895 – $1,990 | 48 |
| 1BR | $2,320 | −$39 (-1.7%) | +$236 (+11.3%) | $2,277 – $2,422 | 102 |
| 2BR | $2,977 | +$447 (+17.6%) | +$53 (+1.8%) | $2,951 – $3,059 | 31 |
| 3BR | $7,491 | $0 (0.0%) | +$1,331 (+21.6%) | $7,491 – $7,491 | 6 |
Median, P25, and P75 are asking rents from listings posted in February 2022. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — February 2022
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,943 | $1,028 | +$915 (+89.0%) |
| 1BR | $2,320 | $1,250 | +$1,070 (+85.6%) |
| 2BR | $2,977 | $1,600 | +$1,377 (+86.1%) |
| 3BR | $7,491 | $1,795 | +$5,696 (+317.3%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in February 2022.