Monthly Rent Report
West Loop Rent Report — June 2023
Asking rents in ZIP 60606, Chicago, from 133 listings.
Median 1BR rent in West Loop was $2,542 in June 2023, up 1.8% (+$45) from May 2023 and up 7.9% year-over-year. The middle half of 1BR listings asked between $2,245 and $2,851. That puts West Loop $1,142 above the Chicago citywide 1BR median of $1,400. The month's figures are based on 133 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2023 | Vs. June 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,100 | −$58 (-2.7%) | −$147 (-6.5%) | $1,782 – $2,201 | 39 |
| Studio | $2,139 | −$19 (-0.9%) | −$108 (-4.8%) | $2,021 – $2,225 | 10 |
| 1BR | $2,542 | +$45 (+1.8%) | +$186 (+7.9%) | $2,245 – $2,851 | 51 |
| 1BR | $2,200 | −$297 (-11.9%) | −$156 (-6.6%) | $2,200 – $2,482 | 3 |
| 2BR | $3,375 | −$297 (-8.1%) | −$515 (-13.2%) | $3,375 – $3,375 | 1 |
| 2BR | $3,854 | +$182 (+5.0%) | −$36 (-0.9%) | $3,035 – $4,244 | 24 |
| 3BR | $4,858 | −$1,842 (-27.5%) | −$2,246 (-31.6%) | $4,857 – $4,917 | 3 |
| 3BR | $6,500 | −$200 (-3.0%) | −$604 (-8.5%) | $6,500 – $6,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in June 2023. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — June 2023
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,100 | $1,243 | +$858 (+69.0%) |
| Studio | $2,139 | $1,243 | +$896 (+72.1%) |
| 1BR | $2,542 | $1,400 | +$1,142 (+81.6%) |
| 1BR | $2,200 | $1,400 | +$800 (+57.1%) |
| 2BR | $3,375 | $1,700 | +$1,675 (+98.5%) |
| 2BR | $3,854 | $1,700 | +$2,154 (+126.7%) |
| 3BR | $4,858 | $2,275 | +$2,583 (+113.5%) |
| 3BR | $6,500 | $2,275 | +$4,225 (+185.7%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in June 2023.