Monthly Rent Report
West Loop Rent Report — June 2022
Asking rents in ZIP 60606, Chicago, from 44 listings.
Median 1BR rent in West Loop was $2,356 in June 2022, down 18.7% (−$541) from May 2022 and up 4.6% year-over-year. The middle half of 1BR listings asked between $2,125 and $2,491. That puts West Loop $1,106 above the Chicago citywide 1BR median of $1,250. The month's figures are based on 44 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2022 | Vs. June 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,247 | +$211 (+10.4%) | +$201 (+9.8%) | $2,130 – $2,429 | 11 |
| 1BR | $2,356 | −$541 (-18.7%) | +$104 (+4.6%) | $2,125 – $2,491 | 5 |
| 1BR | $2,506 | −$391 (-13.5%) | +$254 (+11.3%) | $2,499 – $2,527 | 24 |
| 2BR | $3,890 | +$928 (+31.3%) | +$1,023 (+35.7%) | $3,890 – $3,890 | 2 |
| 3BR | $7,104 | −$39 (-0.6%) | +$3,109 (+77.8%) | $7,104 – $7,104 | 1 |
Median, P25, and P75 are asking rents from listings posted in June 2022. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — June 2022
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,247 | $990 | +$1,257 (+127.0%) |
| 1BR | $2,356 | $1,250 | +$1,106 (+88.5%) |
| 1BR | $2,506 | $1,250 | +$1,256 (+100.5%) |
| 2BR | $3,890 | $1,570 | +$2,320 (+147.8%) |
| 3BR | $7,104 | $1,995 | +$5,109 (+256.1%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in June 2022.