Monthly Rent Report
West Loop Rent Report — August 2024
Asking rents in ZIP 60606, Chicago, from 139 listings.
Median 1BR rent in West Loop was $2,230 in August 2024, down 42.1% (−$1,620) from July 2024 and down 6.0% year-over-year. The middle half of 1BR listings asked between $2,230 and $2,230. That puts West Loop $692 above the Chicago citywide 1BR median of $1,538. The month's figures are based on 139 listings across 4 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,139 | −$83 (-3.8%) | −$19 (-0.9%) | $1,952 – $2,307 | 136 |
| 1BR | $2,230 | −$1,620 (-42.1%) | −$142 (-6.0%) | $2,230 – $2,230 | 1 |
| 2BR | $3,895 | +$345 (+9.7%) | +$147 (+3.9%) | $3,895 – $3,895 | 1 |
| 3BR | $5,000 | $0 (0.0%) | +$48 (+1.0%) | $5,000 – $5,000 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — August 2024
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,139 | $1,190 | +$949 (+79.7%) |
| 1BR | $2,230 | $1,538 | +$692 (+45.0%) |
| 2BR | $3,895 | $1,823 | +$2,073 (+113.7%) |
| 3BR | $5,000 | $2,300 | +$2,700 (+117.4%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2024.