Monthly Rent Report
West Loop Rent Report — January 2024
Asking rents in ZIP 60606, Chicago, from 75 listings.
Median 1BR rent in West Loop was $2,542 in January 2024, up 1.3% (+$33) from December 2023 and up 0.7% year-over-year. The middle half of 1BR listings asked between $2,419 and $2,740. That puts West Loop $1,025 above the Chicago citywide 1BR median of $1,517. The month's figures are based on 75 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2023 | Vs. January 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,048 | +$61 (+3.1%) | −$137 (-6.3%) | $1,909 – $2,154 | 7 |
| Studio | $2,372 | +$385 (+19.4%) | +$187 (+8.6%) | $2,165 – $3,057 | 21 |
| 1BR | $2,542 | +$33 (+1.3%) | +$17 (+0.7%) | $2,419 – $2,740 | 23 |
| 1BR | $3,100 | +$591 (+23.6%) | +$575 (+22.8%) | $3,100 – $3,100 | 1 |
| 2BR | $3,613 | +$1,671 (+86.0%) | +$715 (+24.7%) | $3,254 – $4,250 | 13 |
| 2BR | $4,200 | +$2,258 (+116.3%) | +$1,302 (+44.9%) | $4,200 – $4,200 | 1 |
| 3BR | $7,000 | $0 (0.0%) | +$4,103 (+141.6%) | $7,000 – $7,000 | 1 |
| 3BR | $6,142 | −$858 (-12.3%) | +$3,245 (+112.0%) | $5,284 – $7,128 | 8 |
Median, P25, and P75 are asking rents from listings posted in January 2024. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — January 2024
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,048 | $1,225 | +$823 (+67.2%) |
| Studio | $2,372 | $1,225 | +$1,147 (+93.6%) |
| 1BR | $2,542 | $1,517 | +$1,025 (+67.6%) |
| 1BR | $3,100 | $1,517 | +$1,583 (+104.4%) |
| 2BR | $3,613 | $1,800 | +$1,813 (+100.7%) |
| 2BR | $4,200 | $1,800 | +$2,400 (+133.3%) |
| 3BR | $7,000 | $2,300 | +$4,700 (+204.3%) |
| 3BR | $6,142 | $2,300 | +$3,842 (+167.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in January 2024.