Monthly Rent Report
West Loop Rent Report — May 2022
Asking rents in ZIP 60606, Chicago, from 142 listings.
Median 1BR rent in West Loop was $2,754 in May 2022, up 5.0% (+$130) from April 2022 and up 23.7% year-over-year. The middle half of 1BR listings asked between $2,661 and $3,382. That puts West Loop $1,457 above the Chicago citywide 1BR median of $1,298. The month's figures are based on 142 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2022 | Vs. May 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,036 | +$151 (+8.0%) | +$352 (+20.9%) | $1,927 – $2,096 | 48 |
| 1BR | $2,754 | +$130 (+5.0%) | +$528 (+23.7%) | $2,661 – $3,382 | 81 |
| 1BR | $2,897 | +$273 (+10.4%) | +$671 (+30.1%) | $2,861 – $2,977 | 3 |
| 2BR | $2,962 | −$199 (-6.3%) | −$145 (-4.7%) | $2,656 – $3,381 | 3 |
| 3BR | $7,144 | −$347 (-4.6%) | +$4,744 (+197.6%) | $7,099 – $7,190 | 4 |
Median, P25, and P75 are asking rents from listings posted in May 2022. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — May 2022
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,036 | $1,050 | +$986 (+93.9%) |
| 1BR | $2,754 | $1,298 | +$1,457 (+112.3%) |
| 1BR | $2,897 | $1,298 | +$1,600 (+123.3%) |
| 2BR | $2,962 | $1,599 | +$1,363 (+85.3%) |
| 3BR | $7,144 | $2,100 | +$5,044 (+240.2%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2022.