Monthly Rent Report
West Loop Rent Report — July 2023
Asking rents in ZIP 60606, Chicago, from 67 listings.
Median 1BR rent in West Loop was $2,218 in July 2023, up 0.8% (+$18) from June 2023 and down 19.4% year-over-year. The middle half of 1BR listings asked between $2,182 and $2,544. That puts West Loop $768 above the Chicago citywide 1BR median of $1,450. The month's figures are based on 67 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,138 | +$38 (+1.8%) | −$125 (-5.5%) | $2,110 – $2,218 | 13 |
| Studio | $1,991 | −$109 (-5.2%) | −$272 (-12.0%) | $1,949 – $2,106 | 3 |
| 1BR | $2,218 | +$18 (+0.8%) | −$533 (-19.4%) | $2,182 – $2,544 | 19 |
| 1BR | $2,644 | +$444 (+20.2%) | −$107 (-3.9%) | $2,475 – $2,765 | 4 |
| 2BR | $2,968 | −$886 (-23.0%) | −$310 (-9.5%) | $2,877 – $3,172 | 3 |
| 2BR | $3,451 | −$403 (-10.5%) | +$173 (+5.3%) | $2,263 – $3,850 | 17 |
| 3BR | $4,976 | +$118 (+2.4%) | −$2,576 (-34.1%) | $3,334 – $5,037 | 6 |
| 3BR | $5,049 | +$191 (+3.9%) | −$2,503 (-33.1%) | $5,049 – $5,049 | 1 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — July 2023
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,138 | $1,200 | +$938 (+78.2%) |
| Studio | $1,991 | $1,200 | +$791 (+65.9%) |
| 1BR | $2,218 | $1,450 | +$768 (+53.0%) |
| 1BR | $2,644 | $1,450 | +$1,194 (+82.3%) |
| 2BR | $2,968 | $1,795 | +$1,173 (+65.3%) |
| 2BR | $3,451 | $1,795 | +$1,656 (+92.3%) |
| 3BR | $4,976 | $2,273 | +$2,704 (+119.0%) |
| 3BR | $5,049 | $2,273 | +$2,777 (+122.2%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in July 2023.