Monthly Rent Report
West Loop Rent Report — July 2024
Asking rents in ZIP 60606, Chicago, from 480 listings.
Median 1BR rent in West Loop was $2,640 in July 2024, down 2.6% (−$70) from June 2024 and down 0.1% year-over-year. The middle half of 1BR listings asked between $2,482 and $3,050. That puts West Loop $1,080 above the Chicago citywide 1BR median of $1,560. The month's figures are based on 480 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2024 | Vs. July 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,222 | +$25 (+1.1%) | +$231 (+11.6%) | $2,065 – $2,324 | 121 |
| Studio | $2,086 | −$111 (-5.1%) | +$95 (+4.8%) | $2,022 – $2,210 | 10 |
| 1BR | $2,640 | −$70 (-2.6%) | −$3 (-0.1%) | $2,482 – $3,050 | 234 |
| 1BR | $3,850 | +$1,140 (+42.1%) | +$1,207 (+45.6%) | $3,850 – $3,850 | 1 |
| 2BR | $3,550 | −$250 (-6.6%) | +$582 (+19.6%) | $3,550 – $3,550 | 1 |
| 2BR | $3,913 | +$113 (+3.0%) | +$945 (+31.8%) | $3,609 – $5,311 | 79 |
| 3BR | $5,159 | +$200 (+4.0%) | +$183 (+3.7%) | $4,912 – $5,453 | 33 |
| 3BR | $5,000 | +$41 (+0.8%) | +$24 (+0.5%) | $5,000 – $5,000 | 1 |
Median, P25, and P75 are asking rents from listings posted in July 2024. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — July 2024
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,222 | $1,218 | +$1,004 (+82.4%) |
| Studio | $2,086 | $1,218 | +$868 (+71.2%) |
| 1BR | $2,640 | $1,560 | +$1,080 (+69.2%) |
| 1BR | $3,850 | $1,560 | +$2,290 (+146.8%) |
| 2BR | $3,550 | $1,805 | +$1,745 (+96.7%) |
| 2BR | $3,913 | $1,805 | +$2,108 (+116.8%) |
| 3BR | $5,159 | $2,363 | +$2,797 (+118.4%) |
| 3BR | $5,000 | $2,363 | +$2,638 (+111.6%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in July 2024.