Monthly Rent Report
West Loop Rent Report — September 2024
Asking rents in ZIP 60606, Chicago, from 235 listings.
Median 1BR rent in West Loop was $2,000 in September 2024, down 10.3% (−$230) from August 2024 and unchanged year-over-year. The middle half of 1BR listings asked between $2,000 and $2,000. That puts West Loop $505 above the Chicago citywide 1BR median of $1,495. The month's figures are based on 235 listings across 4 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2024 | Vs. September 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,162 | +$24 (+1.1%) | −$74 (-3.3%) | $1,953 – $2,335 | 153 |
| 1BR | $2,000 | −$230 (-10.3%) | $0 (0.0%) | $2,000 – $2,000 | 1 |
| 2BR | $3,591 | −$304 (-7.8%) | +$523 (+17.0%) | $3,318 – $5,060 | 66 |
| 3BR | $5,000 | $0 (0.0%) | −$1,650 (-24.8%) | $4,853 – $7,453 | 15 |
Median, P25, and P75 are asking rents from listings posted in September 2024. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — September 2024
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,162 | $1,195 | +$967 (+80.9%) |
| 1BR | $2,000 | $1,495 | +$505 (+33.8%) |
| 2BR | $3,591 | $1,843 | +$1,748 (+94.9%) |
| 3BR | $5,000 | $2,350 | +$2,650 (+112.8%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in September 2024.