Monthly Rent Report
West Loop Rent Report — November 2024
Asking rents in ZIP 60606, Chicago, from 78 listings.
Median 1BR rent in West Loop was $2,513 in November 2024, down 1.9% (−$48) from October 2024 and up 4.7% year-over-year. The middle half of 1BR listings asked between $2,392 and $2,592. That puts West Loop $938 above the Chicago citywide 1BR median of $1,575. The month's figures are based on 78 listings across 7 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2024 | Vs. November 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,071 | −$98 (-4.5%) | +$20 (+1.0%) | $1,994 – $2,101 | 6 |
| Studio | $2,071 | −$98 (-4.5%) | +$20 (+1.0%) | $1,994 – $2,101 | 6 |
| 1BR | $2,513 | −$48 (-1.9%) | +$113 (+4.7%) | $2,392 – $2,592 | 10 |
| 1BR | $2,513 | −$48 (-1.9%) | +$113 (+4.7%) | $2,392 – $2,592 | 10 |
| 2BR | $3,327 | −$273 (-7.6%) | −$48 (-1.4%) | $3,209 – $3,444 | 4 |
| 2BR | $3,327 | −$273 (-7.6%) | −$48 (-1.4%) | $3,209 – $3,444 | 4 |
| 3BR | $5,558 | +$753 (+15.7%) | −$1,442 (-20.6%) | $4,939 – $7,177 | 38 |
Median, P25, and P75 are asking rents from listings posted in November 2024. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — November 2024
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,071 | $1,292 | +$779 (+60.3%) |
| Studio | $2,071 | $1,292 | +$779 (+60.3%) |
| 1BR | $2,513 | $1,575 | +$938 (+59.5%) |
| 1BR | $2,513 | $1,575 | +$938 (+59.5%) |
| 2BR | $3,327 | $1,945 | +$1,382 (+71.0%) |
| 2BR | $3,327 | $1,945 | +$1,382 (+71.0%) |
| 3BR | $5,558 | $2,200 | +$3,358 (+152.6%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in November 2024.