Monthly Rent Report
West Loop Rent Report — January 2023
Asking rents in ZIP 60606, Chicago, from 370 listings.
Median 1BR rent in West Loop was $2,525 in January 2023, up 3.9% (+$95) from December 2022 and up 7.0% year-over-year. The middle half of 1BR listings asked between $2,213 and $2,857. That puts West Loop $1,175 above the Chicago citywide 1BR median of $1,350. The month's figures are based on 370 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2022 | Vs. January 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,185 | +$175 (+8.7%) | +$88 (+4.2%) | $1,937 – $2,400 | 149 |
| Studio | $2,100 | +$89 (+4.4%) | +$3 (+0.1%) | $2,075 – $2,124 | 2 |
| 1BR | $2,525 | +$95 (+3.9%) | +$166 (+7.0%) | $2,213 – $2,857 | 155 |
| 1BR | $2,250 | −$180 (-7.4%) | −$109 (-4.6%) | $2,188 – $2,313 | 4 |
| 2BR | $3,805 | +$217 (+6.0%) | +$1,275 (+50.4%) | $3,308 – $4,125 | 56 |
| 2BR | $2,898 | −$690 (-19.2%) | +$368 (+14.5%) | $2,898 – $2,898 | 1 |
| 3BR | $2,898 | — | −$4,593 (-61.3%) | $2,846 – $2,949 | 2 |
| 3BR | $2,795 | — | −$4,696 (-62.7%) | $2,795 – $2,795 | 1 |
Median, P25, and P75 are asking rents from listings posted in January 2023. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — January 2023
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,185 | $1,061 | +$1,124 (+105.9%) |
| Studio | $2,100 | $1,061 | +$1,038 (+97.8%) |
| 1BR | $2,525 | $1,350 | +$1,175 (+87.0%) |
| 1BR | $2,250 | $1,350 | +$900 (+66.7%) |
| 2BR | $3,805 | $1,698 | +$2,108 (+124.2%) |
| 2BR | $2,898 | $1,698 | +$1,201 (+70.7%) |
| 3BR | $2,898 | $2,123 | +$775 (+36.5%) |
| 3BR | $2,795 | $2,123 | +$673 (+31.7%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in January 2023.