Monthly Rent Report
West Loop Rent Report — November 2023
Asking rents in ZIP 60606, Chicago, from 290 listings.
Median 1BR rent in West Loop was $2,400 in November 2023, down 20.0% (−$600) from October 2023 and down 25.0% year-over-year. The middle half of 1BR listings asked between $2,205 and $2,636. That puts West Loop $897 above the Chicago citywide 1BR median of $1,504. The month's figures are based on 290 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2023 | Vs. November 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,033 | −$41 (-2.0%) | +$144 (+7.6%) | $1,932 – $2,135 | 2 |
| Studio | $2,051 | −$23 (-1.1%) | +$162 (+8.6%) | $1,960 – $2,239 | 77 |
| 1BR | $2,400 | −$600 (-20.0%) | −$800 (-25.0%) | $2,205 – $2,636 | 115 |
| 1BR | $2,100 | −$900 (-30.0%) | −$1,100 (-34.4%) | $2,100 – $2,100 | 1 |
| 2BR | $1,940 | −$1,631 (-45.7%) | −$1,242 (-39.0%) | $1,940 – $1,940 | 1 |
| 2BR | $3,375 | −$196 (-5.5%) | +$193 (+6.1%) | $2,800 – $3,800 | 81 |
| 3BR | $7,000 | +$500 (+7.7%) | −$615 (-8.1%) | $7,000 – $7,000 | 1 |
| 3BR | $6,316 | −$184 (-2.8%) | −$1,299 (-17.1%) | $5,195 – $7,128 | 12 |
Median, P25, and P75 are asking rents from listings posted in November 2023. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — November 2023
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,033 | $1,160 | +$873 (+75.3%) |
| Studio | $2,051 | $1,160 | +$891 (+76.8%) |
| 1BR | $2,400 | $1,504 | +$897 (+59.6%) |
| 1BR | $2,100 | $1,504 | +$597 (+39.7%) |
| 2BR | $1,940 | $1,800 | +$140 (+7.8%) |
| 2BR | $3,375 | $1,800 | +$1,575 (+87.5%) |
| 3BR | $7,000 | $2,298 | +$4,703 (+204.7%) |
| 3BR | $6,316 | $2,298 | +$4,018 (+174.9%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in November 2023.