Monthly Rent Report
West Loop Rent Report — April 2024
Asking rents in ZIP 60606, Chicago, from 364 listings.
Median 1BR rent in West Loop was $2,097 in April 2024, down 16.8% (−$423) from March 2024 and down 13.8% year-over-year. The middle half of 1BR listings asked between $2,097 and $2,097. That puts West Loop $597 above the Chicago citywide 1BR median of $1,500. The month's figures are based on 364 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2024 | Vs. April 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,312 | −$19 (-0.8%) | +$214 (+10.2%) | $2,252 – $2,312 | 5 |
| Studio | $2,205 | −$126 (-5.4%) | +$107 (+5.1%) | $2,006 – $2,375 | 63 |
| 1BR | $2,097 | −$423 (-16.8%) | −$336 (-13.8%) | $2,097 – $2,097 | 1 |
| 1BR | $2,601 | +$81 (+3.2%) | +$168 (+6.9%) | $2,360 – $2,955 | 129 |
| 2BR | $3,782 | +$223 (+6.3%) | +$177 (+4.9%) | $3,561 – $4,837 | 56 |
| 2BR | $3,811 | +$253 (+7.1%) | +$207 (+5.7%) | $3,517 – $5,247 | 80 |
| 3BR | $5,162 | −$1,031 (-16.7%) | +$444 (+9.4%) | $5,123 – $5,303 | 16 |
| 3BR | $5,303 | −$890 (-14.4%) | +$585 (+12.4%) | $5,224 – $7,092 | 14 |
Median, P25, and P75 are asking rents from listings posted in April 2024. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — April 2024
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,312 | $1,222 | +$1,090 (+89.2%) |
| Studio | $2,205 | $1,222 | +$983 (+80.4%) |
| 1BR | $2,097 | $1,500 | +$597 (+39.8%) |
| 1BR | $2,601 | $1,500 | +$1,101 (+73.4%) |
| 2BR | $3,782 | $1,850 | +$1,932 (+104.4%) |
| 2BR | $3,811 | $1,850 | +$1,961 (+106.0%) |
| 3BR | $5,162 | $2,300 | +$2,862 (+124.4%) |
| 3BR | $5,303 | $2,300 | +$3,003 (+130.6%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in April 2024.