Monthly Rent Report
West Loop Rent Report — June 2024
Asking rents in ZIP 60606, Chicago, from 1,095 listings.
Median 1BR rent in West Loop was $2,300 in June 2024, down 13.9% (−$372) from May 2024 and up 4.5% year-over-year. The middle half of 1BR listings asked between $2,300 and $2,300. That puts West Loop $801 above the Chicago citywide 1BR median of $1,499. The month's figures are based on 1,095 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2024 | Vs. June 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,197 | $0 (0.0%) | +$59 (+2.7%) | $2,065 – $2,333 | 156 |
| Studio | $2,215 | +$18 (+0.8%) | +$76 (+3.6%) | $2,065 – $2,335 | 226 |
| 1BR | $2,300 | −$372 (-13.9%) | +$100 (+4.5%) | $2,300 – $2,300 | 1 |
| 1BR | $2,710 | +$38 (+1.4%) | +$510 (+23.2%) | $2,464 – $3,053 | 425 |
| 2BR | $3,744 | +$78 (+2.1%) | +$369 (+10.9%) | $3,397 – $4,830 | 164 |
| 2BR | $3,800 | +$134 (+3.6%) | +$425 (+12.6%) | $3,800 – $3,800 | 1 |
| 3BR | $4,959 | −$138 (-2.7%) | +$101 (+2.1%) | $4,913 – $5,453 | 73 |
| 3BR | $4,959 | −$138 (-2.7%) | +$101 (+2.1%) | $4,912 – $5,453 | 49 |
Median, P25, and P75 are asking rents from listings posted in June 2024. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — June 2024
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,197 | $1,149 | +$1,048 (+91.2%) |
| Studio | $2,215 | $1,149 | +$1,066 (+92.7%) |
| 1BR | $2,300 | $1,499 | +$801 (+53.5%) |
| 1BR | $2,710 | $1,499 | +$1,211 (+80.8%) |
| 2BR | $3,744 | $1,899 | +$1,845 (+97.2%) |
| 2BR | $3,800 | $1,899 | +$1,901 (+100.1%) |
| 3BR | $4,959 | $2,395 | +$2,564 (+107.1%) |
| 3BR | $4,959 | $2,395 | +$2,564 (+107.1%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in June 2024.