Monthly Rent Report
West Loop Rent Report — March 2022
Asking rents in ZIP 60606, Chicago, from 98 listings.
Median 1BR rent in West Loop was $2,676 in March 2022, up 15.3% (+$356) from February 2022 and up 23.7% year-over-year. The middle half of 1BR listings asked between $2,676 and $2,676. That puts West Loop $1,446 above the Chicago citywide 1BR median of $1,230. The month's figures are based on 98 listings across 4 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2022 | Vs. March 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,947 | +$4 (+0.2%) | +$151 (+8.4%) | $1,893 – $1,985 | 75 |
| 1BR | $2,676 | +$356 (+15.3%) | +$513 (+23.7%) | $2,676 – $2,676 | 1 |
| 2BR | $3,240 | +$263 (+8.8%) | +$611 (+23.2%) | $3,236 – $3,276 | 17 |
| 3BR | $7,491 | $0 (0.0%) | +$1,322 (+21.4%) | $7,491 – $7,491 | 5 |
Median, P25, and P75 are asking rents from listings posted in March 2022. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — March 2022
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,947 | $950 | +$997 (+104.9%) |
| 1BR | $2,676 | $1,230 | +$1,446 (+117.6%) |
| 2BR | $3,240 | $1,473 | +$1,768 (+120.0%) |
| 3BR | $7,491 | $1,950 | +$5,541 (+284.2%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in March 2022.