Monthly Rent Report
West Loop Rent Report — October 2024
Asking rents in ZIP 60606, Chicago, from 302 listings.
Median 1BR rent in West Loop was $2,561 in October 2024, up 28.1% (+$561) from September 2024 and up 5.8% year-over-year. The middle half of 1BR listings asked between $2,390 and $2,997. That puts West Loop $1,125 above the Chicago citywide 1BR median of $1,437. The month's figures are based on 302 listings across 5 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2024 | Vs. October 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,169 | +$7 (+0.3%) | +$150 (+7.4%) | $1,917 – $2,334 | 98 |
| 1BR | $2,561 | +$561 (+28.1%) | +$141 (+5.8%) | $2,390 – $2,997 | 184 |
| 2BR | $1,950 | −$1,640 (-45.7%) | −$1,621 (-45.4%) | $1,950 – $1,950 | 1 |
| 2BR | $3,600 | +$10 (+0.3%) | +$29 (+0.8%) | $3,600 – $3,600 | 5 |
| 3BR | $4,805 | −$195 (-3.9%) | −$1,695 (-26.1%) | $4,711 – $6,472 | 14 |
Median, P25, and P75 are asking rents from listings posted in October 2024. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — October 2024
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,169 | $1,298 | +$871 (+67.1%) |
| 1BR | $2,561 | $1,437 | +$1,125 (+78.3%) |
| 2BR | $1,950 | $1,770 | +$181 (+10.2%) |
| 2BR | $3,600 | $1,770 | +$1,831 (+103.4%) |
| 3BR | $4,805 | $2,305 | +$2,500 (+108.5%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in October 2024.