Monthly Rent Report
West Loop Rent Report — December 2022
Asking rents in ZIP 60606, Chicago, from 95 listings.
Median 1BR rent in West Loop was $2,612 in December 2022, down 18.4% (−$588) from November 2022 and up 8.8% year-over-year. The middle half of 1BR listings asked between $2,374 and $2,725. That puts West Loop $1,267 above the Chicago citywide 1BR median of $1,345. The month's figures are based on 95 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2022 | Vs. December 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,011 | −$314 (-13.5%) | −$117 (-5.5%) | $1,841 – $2,173 | 28 |
| Studio | $2,060 | −$265 (-11.4%) | −$68 (-3.2%) | $1,981 – $2,071 | 5 |
| 1BR | $2,612 | −$588 (-18.4%) | +$211 (+8.8%) | $2,374 – $2,725 | 6 |
| 1BR | $2,430 | −$770 (-24.1%) | +$29 (+1.2%) | $2,171 – $2,741 | 31 |
| 2BR | $3,588 | +$7 (+0.2%) | +$592 (+19.8%) | $3,576 – $3,600 | 2 |
| 2BR | $3,192 | −$389 (-10.9%) | +$196 (+6.5%) | $2,168 – $3,661 | 23 |
Median, P25, and P75 are asking rents from listings posted in December 2022. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — December 2022
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,011 | $1,050 | +$961 (+91.5%) |
| Studio | $2,060 | $1,050 | +$1,010 (+96.2%) |
| 1BR | $2,612 | $1,345 | +$1,267 (+94.2%) |
| 1BR | $2,430 | $1,345 | +$1,085 (+80.7%) |
| 2BR | $3,588 | $1,675 | +$1,913 (+114.2%) |
| 2BR | $3,192 | $1,675 | +$1,517 (+90.6%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in December 2022.