Monthly Rent Report
West Loop Rent Report — November 2022
Asking rents in ZIP 60606, Chicago, from 469 listings.
Median 1BR rent in West Loop was $3,200 in November 2022, up 26.2% (+$664) from October 2022 and up 35.9% year-over-year. The middle half of 1BR listings asked between $3,200 and $3,200. That puts West Loop $1,800 above the Chicago citywide 1BR median of $1,400. The month's figures are based on 469 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2022 | Vs. November 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,889 | −$175 (-8.5%) | +$124 (+7.0%) | $1,864 – $2,155 | 70 |
| Studio | $2,325 | +$261 (+12.6%) | +$560 (+31.7%) | $2,005 – $2,400 | 207 |
| 1BR | $3,200 | +$664 (+26.2%) | +$845 (+35.9%) | $3,200 – $3,200 | 2 |
| 1BR | $2,488 | −$48 (-1.9%) | +$133 (+5.6%) | $2,412 – $2,667 | 85 |
| 2BR | $3,182 | −$603 (-15.9%) | +$149 (+4.9%) | $3,138 – $3,260 | 38 |
| 2BR | $3,581 | −$204 (-5.4%) | +$548 (+18.1%) | $3,184 – $4,205 | 62 |
| 3BR | $4,698 | −$2,985 (-38.9%) | +$306 (+7.0%) | $4,698 – $4,698 | 1 |
| 3BR | $7,615 | −$68 (-0.9%) | +$3,223 (+73.4%) | $6,999 – $7,615 | 4 |
Median, P25, and P75 are asking rents from listings posted in November 2022. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — November 2022
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,889 | $1,120 | +$769 (+68.7%) |
| Studio | $2,325 | $1,120 | +$1,205 (+107.6%) |
| 1BR | $3,200 | $1,400 | +$1,800 (+128.6%) |
| 1BR | $2,488 | $1,400 | +$1,088 (+77.7%) |
| 2BR | $3,182 | $1,700 | +$1,482 (+87.2%) |
| 2BR | $3,581 | $1,700 | +$1,881 (+110.6%) |
| 3BR | $4,698 | $2,100 | +$2,598 (+123.7%) |
| 3BR | $7,615 | $2,100 | +$5,515 (+262.6%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in November 2022.