Monthly Rent Report
West Loop Rent Report — July 2022
Asking rents in ZIP 60606, Chicago, from 192 listings.
Median 1BR rent in West Loop was $2,500 in July 2022, up 6.1% (+$144) from June 2022 and up 6.9% year-over-year. The middle half of 1BR listings asked between $2,359 and $2,668. That puts West Loop $1,275 above the Chicago citywide 1BR median of $1,225. The month's figures are based on 192 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2022 | Vs. July 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,150 | −$97 (-4.3%) | +$145 (+7.2%) | $1,985 – $2,205 | 43 |
| Studio | $2,263 | +$16 (+0.7%) | +$258 (+12.9%) | $2,055 – $2,425 | 16 |
| 1BR | $2,500 | +$144 (+6.1%) | +$162 (+6.9%) | $2,359 – $2,668 | 23 |
| 1BR | $2,751 | +$395 (+16.8%) | +$413 (+17.7%) | $2,564 – $2,890 | 66 |
| 2BR | $3,000 | −$890 (-22.9%) | −$515 (-14.7%) | $2,309 – $3,675 | 14 |
| 2BR | $3,278 | −$612 (-15.7%) | −$237 (-6.7%) | $3,213 – $3,370 | 23 |
| 3BR | $5,602 | −$1,502 (-21.1%) | +$1,097 (+24.4%) | $5,602 – $5,602 | 1 |
| 3BR | $7,552 | +$448 (+6.3%) | +$3,047 (+67.6%) | $7,259 – $7,648 | 3 |
Median, P25, and P75 are asking rents from listings posted in July 2022. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — July 2022
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,150 | $1,104 | +$1,046 (+94.8%) |
| Studio | $2,263 | $1,104 | +$1,159 (+105.0%) |
| 1BR | $2,500 | $1,225 | +$1,275 (+104.1%) |
| 1BR | $2,751 | $1,225 | +$1,526 (+124.6%) |
| 2BR | $3,000 | $1,695 | +$1,305 (+77.0%) |
| 2BR | $3,278 | $1,695 | +$1,583 (+93.4%) |
| 3BR | $5,602 | $2,200 | +$3,402 (+154.6%) |
| 3BR | $7,552 | $2,200 | +$5,352 (+243.3%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in July 2022.