Monthly Rent Report
West Loop Rent Report — July 2021
Asking rents in ZIP 60607, Chicago, from 1,029 listings.
Median 1BR rent in West Loop was $2,472 in July 2021, up 4.5% (+$107) from June 2021. The middle half of 1BR listings asked between $1,999 and $2,726. That puts West Loop $1,277 above the Chicago citywide 1BR median of $1,195. The month's figures are based on 1,029 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2021 | Vs. Year Ago | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,883 | +$26 (+1.4%) | — | $1,840 – $1,954 | 104 |
| Studio | $1,975 | +$118 (+6.4%) | — | $1,825 – $2,245 | 117 |
| 1BR | $2,472 | +$107 (+4.5%) | — | $1,999 – $2,726 | 400 |
| 1BR | $2,306 | −$59 (-2.5%) | — | $2,276 – $2,401 | 56 |
| 2BR | $3,563 | +$851 (+31.4%) | — | $3,187 – $3,792 | 45 |
| 2BR | $3,065 | +$353 (+13.0%) | — | $2,681 – $3,725 | 289 |
| 3BR | $4,500 | +$1,587 (+54.5%) | — | $3,707 – $5,000 | 3 |
| 3BR | $2,200 | −$713 (-24.5%) | — | $2,200 – $2,200 | 1 |
| 4BR | $4,000 | +$905 (+29.2%) | — | $3,200 – $4,000 | 5 |
| 4BR | $4,000 | +$905 (+29.2%) | — | $3,200 – $4,000 | 5 |
Median, P25, and P75 are asking rents from listings posted in July 2021. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — July 2021
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,883 | $1,038 | +$845 (+81.4%) |
| Studio | $1,975 | $1,038 | +$938 (+90.4%) |
| 1BR | $2,472 | $1,195 | +$1,277 (+106.9%) |
| 1BR | $2,306 | $1,195 | +$1,111 (+93.0%) |
| 2BR | $3,563 | $1,498 | +$2,066 (+137.9%) |
| 2BR | $3,065 | $1,498 | +$1,568 (+104.7%) |
| 3BR | $4,500 | $1,943 | +$2,558 (+131.7%) |
| 3BR | $2,200 | $1,943 | +$258 (+13.3%) |
| 4BR | $4,000 | $2,350 | +$1,650 (+70.2%) |
| 4BR | $4,000 | $2,350 | +$1,650 (+70.2%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in July 2021.