Monthly Rent Report
West Loop Rent Report — September 2022
Asking rents in ZIP 60606, Chicago, from 391 listings.
Median 1BR rent in West Loop was $2,410 in September 2022, up 20.5% (+$410) from August 2022 and up 5.3% year-over-year. The middle half of 1BR listings asked between $2,100 and $2,717. That puts West Loop $1,110 above the Chicago citywide 1BR median of $1,300. The month's figures are based on 391 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2022 | Vs. September 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,927 | −$243 (-11.2%) | +$36 (+1.9%) | $1,918 – $2,294 | 31 |
| Studio | $2,208 | +$38 (+1.8%) | +$317 (+16.7%) | $1,987 – $2,263 | 82 |
| 1BR | $2,410 | +$410 (+20.5%) | +$122 (+5.3%) | $2,100 – $2,717 | 102 |
| 1BR | $2,655 | +$655 (+32.8%) | +$367 (+16.0%) | $2,637 – $2,768 | 96 |
| 2BR | $3,372 | −$194 (-5.4%) | +$238 (+7.6%) | $3,346 – $3,398 | 22 |
| 2BR | $3,379 | −$187 (-5.2%) | +$245 (+7.8%) | $2,795 – $3,695 | 47 |
| 3BR | $5,170 | −$2,553 (-33.1%) | −$404 (-7.2%) | $4,666 – $5,179 | 9 |
| 3BR | $7,752 | +$29 (+0.4%) | +$2,178 (+39.1%) | $7,752 – $7,752 | 2 |
Median, P25, and P75 are asking rents from listings posted in September 2022. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — September 2022
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,927 | $1,050 | +$877 (+83.5%) |
| Studio | $2,208 | $1,050 | +$1,158 (+110.3%) |
| 1BR | $2,410 | $1,300 | +$1,110 (+85.4%) |
| 1BR | $2,655 | $1,300 | +$1,355 (+104.2%) |
| 2BR | $3,372 | $1,550 | +$1,822 (+117.5%) |
| 2BR | $3,379 | $1,550 | +$1,829 (+118.0%) |
| 3BR | $5,170 | $2,099 | +$3,071 (+146.3%) |
| 3BR | $7,752 | $2,099 | +$5,653 (+269.3%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in September 2022.