Monthly Rent Report
West Loop Rent Report — August 2022
Asking rents in ZIP 60606, Chicago, from 401 listings.
Median 1BR rent in West Loop was $2,000 in August 2022, down 20.0% (−$500) from July 2022 and down 8.5% year-over-year. The middle half of 1BR listings asked between $2,000 and $2,000. That puts West Loop $705 above the Chicago citywide 1BR median of $1,295. The month's figures are based on 401 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2022 | Vs. August 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,170 | −$93 (-4.1%) | +$56 (+2.6%) | $2,152 – $2,344 | 41 |
| Studio | $2,165 | −$98 (-4.3%) | +$51 (+2.4%) | $2,043 – $2,328 | 97 |
| 1BR | $2,000 | −$500 (-20.0%) | −$186 (-8.5%) | $2,000 – $2,000 | 1 |
| 1BR | $2,603 | +$103 (+4.1%) | +$417 (+19.1%) | $2,237 – $2,765 | 160 |
| 2BR | $3,566 | +$288 (+8.8%) | +$170 (+5.0%) | $2,773 – $6,700 | 63 |
| 2BR | $3,588 | +$310 (+9.5%) | +$192 (+5.7%) | $3,496 – $3,602 | 29 |
| 3BR | $5,377 | −$225 (-4.0%) | −$974 (-15.3%) | $5,170 – $5,472 | 7 |
| 3BR | $7,723 | +$2,121 (+37.9%) | +$1,372 (+21.6%) | $7,721 – $7,747 | 3 |
Median, P25, and P75 are asking rents from listings posted in August 2022. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — August 2022
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,170 | $1,095 | +$1,075 (+98.2%) |
| Studio | $2,165 | $1,095 | +$1,070 (+97.7%) |
| 1BR | $2,000 | $1,295 | +$705 (+54.4%) |
| 1BR | $2,603 | $1,295 | +$1,308 (+101.0%) |
| 2BR | $3,566 | $1,795 | +$1,771 (+98.7%) |
| 2BR | $3,588 | $1,795 | +$1,793 (+99.9%) |
| 3BR | $5,377 | $2,250 | +$3,127 (+139.0%) |
| 3BR | $7,723 | $2,250 | +$5,473 (+243.2%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2022.