Monthly Rent Report
West Loop Rent Report — February 2024
Asking rents in ZIP 60606, Chicago, from 287 listings.
Median 1BR rent in West Loop was $3,000 in February 2024, down 3.2% (−$100) from January 2024 and up 62.2% year-over-year. The middle half of 1BR listings asked between $3,000 and $3,000. That puts West Loop $1,500 above the Chicago citywide 1BR median of $1,500. The month's figures are based on 287 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2024 | Vs. February 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,269 | +$221 (+10.8%) | −$35 (-1.5%) | $2,001 – $2,492 | 113 |
| Studio | $2,120 | +$72 (+3.5%) | −$184 (-8.0%) | $2,115 – $2,153 | 5 |
| 1BR | $3,000 | −$100 (-3.2%) | +$1,150 (+62.2%) | $3,000 – $3,000 | 1 |
| 1BR | $2,522 | −$578 (-18.6%) | +$672 (+36.3%) | $2,309 – $2,754 | 115 |
| 2BR | $3,613 | −$587 (-14.0%) | +$360 (+11.1%) | $3,308 – $3,837 | 41 |
| 2BR | $3,613 | −$587 (-14.0%) | +$360 (+11.1%) | $3,613 – $3,613 | 1 |
| 3BR | $5,307 | −$835 (-13.6%) | +$2,512 (+89.9%) | $4,999 – $7,110 | 5 |
| 3BR | $6,209 | +$67 (+1.1%) | +$3,414 (+122.1%) | $5,076 – $7,110 | 6 |
Median, P25, and P75 are asking rents from listings posted in February 2024. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — February 2024
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,269 | $1,211 | +$1,058 (+87.3%) |
| Studio | $2,120 | $1,211 | +$909 (+75.0%) |
| 1BR | $3,000 | $1,500 | +$1,500 (+100.0%) |
| 1BR | $2,522 | $1,500 | +$1,022 (+68.1%) |
| 2BR | $3,613 | $1,813 | +$1,801 (+99.3%) |
| 2BR | $3,613 | $1,813 | +$1,801 (+99.3%) |
| 3BR | $5,307 | $2,300 | +$3,007 (+130.7%) |
| 3BR | $6,209 | $2,300 | +$3,909 (+169.9%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in February 2024.