Monthly Rent Report
West Loop Rent Report — October 2023
Asking rents in ZIP 60606, Chicago, from 35 listings.
Median 1BR rent in West Loop was $2,420 in October 2023, down 16.2% (−$468) from September 2023 and down 6.4% year-over-year. The middle half of 1BR listings asked between $2,350 and $2,748. That puts West Loop $945 above the Chicago citywide 1BR median of $1,475. The month's figures are based on 35 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2023 | Vs. October 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,074 | −$162 (-7.2%) | −$90 (-4.2%) | $2,024 – $2,113 | 3 |
| Studio | $2,019 | −$217 (-9.7%) | −$145 (-6.7%) | $2,003 – $2,222 | 3 |
| 1BR | $2,420 | −$468 (-16.2%) | −$165 (-6.4%) | $2,350 – $2,748 | 17 |
| 1BR | $3,000 | +$112 (+3.9%) | +$415 (+16.1%) | $3,000 – $3,000 | 1 |
| 2BR | $3,500 | +$432 (+14.1%) | −$285 (-7.5%) | $3,500 – $3,500 | 1 |
| 2BR | $3,572 | +$504 (+16.4%) | −$213 (-5.6%) | $3,368 – $3,780 | 8 |
| 3BR | $8,350 | +$1,700 (+25.6%) | +$667 (+8.7%) | $8,350 – $8,350 | 1 |
| 3BR | $6,500 | −$150 (-2.3%) | −$1,183 (-15.4%) | $6,500 – $6,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in October 2023. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — October 2023
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,074 | $1,200 | +$874 (+72.8%) |
| Studio | $2,019 | $1,200 | +$819 (+68.3%) |
| 1BR | $2,420 | $1,475 | +$945 (+64.1%) |
| 1BR | $3,000 | $1,475 | +$1,525 (+103.4%) |
| 2BR | $3,500 | $1,800 | +$1,700 (+94.4%) |
| 2BR | $3,572 | $1,800 | +$1,772 (+98.4%) |
| 3BR | $8,350 | $2,450 | +$5,900 (+240.8%) |
| 3BR | $6,500 | $2,450 | +$4,050 (+165.3%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in October 2023.