Monthly Rent Report
West Loop Rent Report — February 2023
Asking rents in ZIP 60606, Chicago, from 195 listings.
Median 1BR rent in West Loop was $2,316 in February 2023, down 8.3% (−$209) from January 2023 and down 0.2% year-over-year. The middle half of 1BR listings asked between $2,170 and $2,668. That puts West Loop $916 above the Chicago citywide 1BR median of $1,400. The month's figures are based on 195 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2023 | Vs. February 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,034 | −$151 (-6.9%) | +$91 (+4.7%) | $1,819 – $2,198 | 50 |
| Studio | $2,304 | +$119 (+5.4%) | +$361 (+18.6%) | $2,257 – $2,342 | 3 |
| 1BR | $2,316 | −$209 (-8.3%) | −$4 (-0.2%) | $2,170 – $2,668 | 86 |
| 1BR | $1,850 | −$675 (-26.7%) | −$470 (-20.3%) | $1,850 – $1,850 | 1 |
| 2BR | $3,253 | +$355 (+12.2%) | +$276 (+9.3%) | $3,253 – $3,253 | 1 |
| 2BR | $3,364 | +$466 (+16.1%) | +$387 (+13.0%) | $3,139 – $4,828 | 52 |
| 3BR | $2,795 | −$102 (-3.5%) | −$4,696 (-62.7%) | $2,795 – $2,795 | 1 |
| 3BR | $2,795 | −$102 (-3.5%) | −$4,696 (-62.7%) | $2,795 – $2,795 | 1 |
Median, P25, and P75 are asking rents from listings posted in February 2023. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — February 2023
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,034 | $1,149 | +$885 (+77.0%) |
| Studio | $2,304 | $1,149 | +$1,155 (+100.6%) |
| 1BR | $2,316 | $1,400 | +$916 (+65.4%) |
| 1BR | $1,850 | $1,400 | +$450 (+32.1%) |
| 2BR | $3,253 | $1,695 | +$1,558 (+91.9%) |
| 2BR | $3,364 | $1,695 | +$1,669 (+98.5%) |
| 3BR | $2,795 | $2,188 | +$608 (+27.8%) |
| 3BR | $2,795 | $2,188 | +$608 (+27.8%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in February 2023.