Monthly Rent Report
West Loop Rent Report — September 2023
Asking rents in ZIP 60606, Chicago, from 17 listings.
Median 1BR rent in West Loop was $2,000 in September 2023, down 15.7% (−$372) from August 2023 and down 24.7% year-over-year. The middle half of 1BR listings asked between $2,000 and $2,000. That puts West Loop $550 above the Chicago citywide 1BR median of $1,450. The month's figures are based on 17 listings across 7 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2023 | Vs. September 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,236 | −$74 (-3.2%) | +$309 (+16.0%) | $2,236 – $2,236 | 1 |
| Studio | $2,332 | +$22 (+1.0%) | +$405 (+21.0%) | $2,305 – $2,360 | 2 |
| 1BR | $2,000 | −$372 (-15.7%) | −$655 (-24.7%) | $2,000 – $2,000 | 1 |
| 1BR | $2,888 | +$516 (+21.7%) | +$233 (+8.8%) | $2,712 – $2,924 | 6 |
| 2BR | $2,218 | +$589 (+36.2%) | −$1,161 (-34.4%) | $2,211 – $2,225 | 4 |
| 2BR | $3,068 | +$1,439 (+88.3%) | −$311 (-9.2%) | $3,052 – $3,085 | 2 |
| 3BR | $6,650 | +$1,698 (+34.3%) | −$1,102 (-14.2%) | $6,650 – $6,650 | 1 |
Median, P25, and P75 are asking rents from listings posted in September 2023. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — September 2023
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,236 | $1,238 | +$999 (+80.7%) |
| Studio | $2,332 | $1,238 | +$1,095 (+88.4%) |
| 1BR | $2,000 | $1,450 | +$550 (+37.9%) |
| 1BR | $2,888 | $1,450 | +$1,438 (+99.2%) |
| 2BR | $2,218 | $1,738 | +$481 (+27.7%) |
| 2BR | $3,068 | $1,738 | +$1,331 (+76.6%) |
| 3BR | $6,650 | $2,327 | +$4,323 (+185.8%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in September 2023.