Monthly Rent Report
West Loop Rent Report — April 2023
Asking rents in ZIP 60606, Chicago, from 197 listings.
Median 1BR rent in West Loop was $2,434 in April 2023, up 1.4% (+$34) from March 2023 and down 7.3% year-over-year. The middle half of 1BR listings asked between $2,209 and $2,817. That puts West Loop $1,009 above the Chicago citywide 1BR median of $1,425. The month's figures are based on 197 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2023 | Vs. April 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,118 | +$92 (+4.5%) | +$233 (+12.4%) | $2,016 – $2,153 | 5 |
| Studio | $2,098 | +$72 (+3.6%) | +$213 (+11.3%) | $1,937 – $2,226 | 57 |
| 1BR | $2,434 | +$34 (+1.4%) | −$190 (-7.3%) | $2,209 – $2,817 | 74 |
| 1BR | $2,788 | +$388 (+16.2%) | +$164 (+6.3%) | $2,695 – $2,837 | 4 |
| 2BR | $3,605 | +$1,305 (+56.7%) | +$444 (+14.0%) | $2,550 – $3,975 | 42 |
| 2BR | $3,488 | +$1,188 (+51.7%) | +$327 (+10.3%) | $3,488 – $3,488 | 1 |
| 3BR | $4,718 | −$792 (-14.4%) | −$2,773 (-37.0%) | $4,718 – $5,109 | 7 |
| 3BR | $4,718 | −$792 (-14.4%) | −$2,773 (-37.0%) | $4,718 – $5,109 | 7 |
Median, P25, and P75 are asking rents from listings posted in April 2023. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — April 2023
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,118 | $1,195 | +$923 (+77.2%) |
| Studio | $2,098 | $1,195 | +$903 (+75.6%) |
| 1BR | $2,434 | $1,425 | +$1,009 (+70.8%) |
| 1BR | $2,788 | $1,425 | +$1,363 (+95.6%) |
| 2BR | $3,605 | $1,725 | +$1,880 (+109.0%) |
| 2BR | $3,488 | $1,725 | +$1,763 (+102.2%) |
| 3BR | $4,718 | $2,300 | +$2,418 (+105.1%) |
| 3BR | $4,718 | $2,300 | +$2,418 (+105.1%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in April 2023.