Monthly Rent Report
West Loop Rent Report — March 2023
Asking rents in ZIP 60606, Chicago, from 161 listings.
Median 1BR rent in West Loop was $2,400 in March 2023, up 3.6% (+$84) from February 2023 and down 10.3% year-over-year. The middle half of 1BR listings asked between $2,232 and $2,589. That puts West Loop $1,004 above the Chicago citywide 1BR median of $1,396. The month's figures are based on 161 listings across 7 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2023 | Vs. March 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,199 | −$105 (-4.6%) | +$252 (+12.9%) | $2,161 – $2,238 | 2 |
| Studio | $2,026 | −$278 (-12.1%) | +$79 (+4.1%) | $1,826 – $2,224 | 39 |
| 1BR | $2,400 | +$84 (+3.6%) | −$276 (-10.3%) | $2,232 – $2,589 | 61 |
| 1BR | $2,350 | +$34 (+1.5%) | −$326 (-12.2%) | $2,085 – $2,525 | 3 |
| 2BR | $3,500 | +$136 (+4.0%) | +$260 (+8.0%) | $2,700 – $4,358 | 54 |
| 2BR | $2,300 | −$1,064 (-31.6%) | −$940 (-29.0%) | $2,300 – $2,300 | 1 |
| 3BR | $5,510 | +$2,715 (+97.1%) | −$1,981 (-26.4%) | $5,510 – $5,510 | 1 |
Median, P25, and P75 are asking rents from listings posted in March 2023. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — March 2023
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,199 | $1,204 | +$995 (+82.7%) |
| Studio | $2,026 | $1,204 | +$822 (+68.3%) |
| 1BR | $2,400 | $1,396 | +$1,004 (+71.9%) |
| 1BR | $2,350 | $1,396 | +$954 (+68.3%) |
| 2BR | $3,500 | $1,698 | +$1,803 (+106.2%) |
| 2BR | $2,300 | $1,698 | +$603 (+35.5%) |
| 3BR | $5,510 | $2,200 | +$3,310 (+150.5%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in March 2023.