Monthly Rent Report
West Loop Rent Report — March 2024
Asking rents in ZIP 60606, Chicago, from 436 listings.
Median 1BR rent in West Loop was $2,550 in March 2024, up 1.1% (+$28) from February 2024 and up 8.5% year-over-year. The middle half of 1BR listings asked between $2,514 and $2,550. That puts West Loop $1,046 above the Chicago citywide 1BR median of $1,505. The month's figures are based on 436 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,332 | +$212 (+10.0%) | +$306 (+15.1%) | $2,284 – $2,398 | 8 |
| Studio | $2,235 | +$115 (+5.4%) | +$209 (+10.3%) | $2,100 – $2,468 | 172 |
| 1BR | $2,550 | +$28 (+1.1%) | +$200 (+8.5%) | $2,514 – $2,550 | 5 |
| 1BR | $2,520 | −$2 (-0.1%) | +$170 (+7.2%) | $2,404 – $2,693 | 175 |
| 2BR | $3,859 | +$246 (+6.8%) | +$359 (+10.3%) | $3,741 – $3,859 | 4 |
| 2BR | $3,559 | −$54 (-1.5%) | +$59 (+1.7%) | $3,211 – $3,763 | 62 |
| 3BR | $6,168 | +$861 (+16.2%) | +$658 (+11.9%) | $5,706 – $6,630 | 2 |
| 3BR | $6,193 | +$886 (+16.7%) | +$683 (+12.4%) | $5,282 – $7,097 | 8 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — March 2024
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,332 | $1,225 | +$1,107 (+90.3%) |
| Studio | $2,235 | $1,225 | +$1,010 (+82.4%) |
| 1BR | $2,550 | $1,505 | +$1,046 (+69.5%) |
| 1BR | $2,520 | $1,505 | +$1,016 (+67.5%) |
| 2BR | $3,859 | $1,900 | +$1,959 (+103.1%) |
| 2BR | $3,559 | $1,900 | +$1,659 (+87.3%) |
| 3BR | $6,168 | $2,250 | +$3,918 (+174.1%) |
| 3BR | $6,193 | $2,250 | +$3,943 (+175.2%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in March 2024.