Monthly Rent Report
West Loop Rent Report — April 2022
Asking rents in ZIP 60606, Chicago, from 187 listings.
Median 1BR rent in West Loop was $2,624 in April 2022, down 1.9% (−$52) from March 2022 and up 25.9% year-over-year. The middle half of 1BR listings asked between $2,358 and $2,860. That puts West Loop $1,390 above the Chicago citywide 1BR median of $1,234. The month's figures are based on 187 listings across 4 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2022 | Vs. April 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,885 | −$62 (-3.2%) | +$120 (+6.8%) | $1,847 – $1,954 | 69 |
| 1BR | $2,624 | −$52 (-1.9%) | +$539 (+25.9%) | $2,358 – $2,860 | 75 |
| 2BR | $3,161 | −$79 (-2.4%) | +$302 (+10.6%) | $2,965 – $3,253 | 32 |
| 3BR | $7,491 | $0 (0.0%) | +$1,779 (+31.1%) | $5,177 – $7,491 | 11 |
Median, P25, and P75 are asking rents from listings posted in April 2022. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — April 2022
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,885 | $1,085 | +$800 (+73.7%) |
| 1BR | $2,624 | $1,234 | +$1,390 (+112.6%) |
| 2BR | $3,161 | $1,495 | +$1,666 (+111.4%) |
| 3BR | $7,491 | $2,098 | +$5,394 (+257.1%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in April 2022.