Monthly Rent Report
West Loop Rent Report — October 2022
Asking rents in ZIP 60606, Chicago, from 281 listings.
Median 1BR rent in West Loop was $2,536 in October 2022, up 5.2% (+$126) from September 2022 and up 10.3% year-over-year. The middle half of 1BR listings asked between $2,418 and $2,702. That puts West Loop $1,219 above the Chicago citywide 1BR median of $1,318. The month's figures are based on 281 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2022 | Vs. October 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,064 | +$137 (+7.1%) | +$261 (+14.5%) | $1,912 – $2,203 | 21 |
| Studio | $2,164 | +$237 (+12.3%) | +$361 (+20.0%) | $2,164 – $2,164 | 3 |
| 1BR | $2,536 | +$126 (+5.2%) | +$237 (+10.3%) | $2,418 – $2,702 | 45 |
| 1BR | $2,585 | +$175 (+7.3%) | +$286 (+12.4%) | $2,555 – $2,865 | 155 |
| 2BR | $3,387 | +$8 (+0.2%) | +$268 (+8.6%) | $3,199 – $3,388 | 13 |
| 2BR | $3,785 | +$406 (+12.0%) | +$666 (+21.4%) | $3,200 – $3,855 | 41 |
| 3BR | $4,698 | −$472 (-9.1%) | −$467 (-9.0%) | $4,698 – $4,698 | 1 |
| 3BR | $7,684 | +$2,514 (+48.6%) | +$2,519 (+48.8%) | $7,649 – $7,718 | 2 |
Median, P25, and P75 are asking rents from listings posted in October 2022. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — October 2022
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,064 | $1,050 | +$1,014 (+96.6%) |
| Studio | $2,164 | $1,050 | +$1,114 (+106.1%) |
| 1BR | $2,536 | $1,318 | +$1,219 (+92.5%) |
| 1BR | $2,585 | $1,318 | +$1,268 (+96.2%) |
| 2BR | $3,387 | $1,700 | +$1,687 (+99.2%) |
| 2BR | $3,785 | $1,700 | +$2,085 (+122.6%) |
| 3BR | $4,698 | $2,190 | +$2,508 (+114.5%) |
| 3BR | $7,684 | $2,190 | +$5,494 (+250.8%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in October 2022.