Monthly Rent Report
West Loop Rent Report — August 2023
Asking rents in ZIP 60606, Chicago, from 36 listings.
Median 1BR rent in West Loop was $2,400 in August 2023, down 9.2% (−$243) from July 2023 and up 20.0% year-over-year. The middle half of 1BR listings asked between $2,400 and $2,400. That puts West Loop $880 above the Chicago citywide 1BR median of $1,520. The month's figures are based on 36 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,158 | +$167 (+8.4%) | −$7 (-0.3%) | $2,158 – $2,158 | 1 |
| Studio | $2,310 | +$319 (+16.0%) | +$145 (+6.7%) | $2,006 – $2,459 | 15 |
| 1BR | $2,400 | −$243 (-9.2%) | +$400 (+20.0%) | $2,400 – $2,400 | 3 |
| 1BR | $2,373 | −$271 (-10.3%) | +$373 (+18.6%) | $2,236 – $2,509 | 2 |
| 2BR | $3,748 | +$297 (+8.6%) | +$182 (+5.1%) | $3,665 – $4,513 | 8 |
| 2BR | $1,629 | −$1,822 (-52.8%) | −$1,937 (-54.3%) | $1,629 – $1,629 | 1 |
| 3BR | $4,952 | −$97 (-1.9%) | −$2,771 (-35.9%) | $4,950 – $6,040 | 3 |
| 3BR | $7,200 | +$2,151 (+42.6%) | −$523 (-6.8%) | $6,600 – $7,350 | 3 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — August 2023
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,158 | $1,250 | +$908 (+72.6%) |
| Studio | $2,310 | $1,250 | +$1,060 (+84.8%) |
| 1BR | $2,400 | $1,520 | +$880 (+57.9%) |
| 1BR | $2,373 | $1,520 | +$853 (+56.1%) |
| 2BR | $3,748 | $1,808 | +$1,941 (+107.4%) |
| 2BR | $1,629 | $1,808 | −$178 (-9.9%) |
| 3BR | $4,952 | $2,395 | +$2,557 (+106.8%) |
| 3BR | $7,200 | $2,395 | +$4,805 (+200.6%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2023.