Monthly Rent Report
West Loop Rent Report — December 2024
Asking rents in ZIP 60606, Chicago, from 40 listings.
Median 1BR rent in West Loop was $3,057 in December 2024, up 21.7% (+$545) from November 2024 and up 27.7% year-over-year. The middle half of 1BR listings asked between $3,057 and $3,057. That puts West Loop $1,407 above the Chicago citywide 1BR median of $1,650. The month's figures are based on 40 listings across 7 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2024 | Vs. December 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,310 | +$239 (+11.5%) | +$158 (+7.3%) | $2,262 – $2,375 | 4 |
| Studio | $2,310 | +$239 (+11.5%) | +$158 (+7.3%) | $2,262 – $2,375 | 4 |
| 1BR | $3,057 | +$545 (+21.7%) | +$663 (+27.7%) | $3,057 – $3,057 | 1 |
| 1BR | $2,948 | +$436 (+17.3%) | +$554 (+23.1%) | $2,750 – $3,366 | 21 |
| 2BR | $7,385 | +$4,059 (+122.0%) | +$5,443 (+280.3%) | $4,646 – $7,998 | 8 |
| 2BR | $4,080 | +$754 (+22.7%) | +$2,138 (+110.1%) | $4,080 – $4,080 | 1 |
| 3BR | $5,485 | −$73 (-1.3%) | −$1,607 (-22.7%) | $5,485 – $5,485 | 1 |
Median, P25, and P75 are asking rents from listings posted in December 2024. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — December 2024
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,310 | $1,385 | +$925 (+66.8%) |
| Studio | $2,310 | $1,385 | +$925 (+66.8%) |
| 1BR | $3,057 | $1,650 | +$1,407 (+85.3%) |
| 1BR | $2,948 | $1,650 | +$1,298 (+78.7%) |
| 2BR | $7,385 | $1,953 | +$5,433 (+278.2%) |
| 2BR | $4,080 | $1,953 | +$2,128 (+109.0%) |
| 3BR | $5,485 | $2,395 | +$3,090 (+129.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in December 2024.