Monthly Rent Report
West Loop Rent Report — December 2023
Asking rents in ZIP 60606, Chicago, from 260 listings.
Median 1BR rent in West Loop was $2,394 in December 2023, down 0.3% (−$6) from November 2023 and down 1.5% year-over-year. The middle half of 1BR listings asked between $2,245 and $2,704. That puts West Loop $939 above the Chicago citywide 1BR median of $1,455. The month's figures are based on 260 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2023 | Vs. December 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,152 | +$101 (+4.9%) | +$142 (+7.0%) | $1,967 – $2,482 | 85 |
| Studio | $1,987 | −$64 (-3.1%) | −$23 (-1.2%) | $1,987 – $1,987 | 1 |
| 1BR | $2,394 | −$6 (-0.3%) | −$36 (-1.5%) | $2,245 – $2,704 | 105 |
| 1BR | $2,509 | +$109 (+4.5%) | +$79 (+3.3%) | $2,509 – $2,509 | 1 |
| 2BR | $3,500 | +$1,560 (+80.4%) | +$308 (+9.6%) | $3,000 – $3,801 | 57 |
| 2BR | $1,942 | +$2 (+0.1%) | −$1,250 (-39.2%) | $1,942 – $1,942 | 1 |
| 3BR | $7,000 | +$685 (+10.8%) | — | $5,560 – $7,128 | 9 |
| 3BR | $7,092 | +$777 (+12.3%) | — | $7,092 – $7,092 | 1 |
Median, P25, and P75 are asking rents from listings posted in December 2023. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — December 2023
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,152 | $1,218 | +$935 (+76.8%) |
| Studio | $1,987 | $1,218 | +$770 (+63.2%) |
| 1BR | $2,394 | $1,455 | +$939 (+64.5%) |
| 1BR | $2,509 | $1,455 | +$1,054 (+72.4%) |
| 2BR | $3,500 | $1,800 | +$1,700 (+94.4%) |
| 2BR | $1,942 | $1,800 | +$142 (+7.9%) |
| 3BR | $7,000 | $2,472 | +$4,528 (+183.2%) |
| 3BR | $7,092 | $2,472 | +$4,620 (+186.9%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in December 2023.