Monthly Rent Report
West Loop Rent Report — August 2021
Asking rents in ZIP 60607, Chicago, from 746 listings.
Median 1BR rent in West Loop was $2,276 in August 2021, down 7.9% (−$196) from July 2021. The middle half of 1BR listings asked between $2,198 and $2,334. That puts West Loop $1,079 above the Chicago citywide 1BR median of $1,198. The month's figures are based on 746 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2021 | Vs. Year Ago | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,881 | −$94 (-4.8%) | — | $1,759 – $1,990 | 117 |
| Studio | $1,914 | −$61 (-3.1%) | — | $1,875 – $1,979 | 98 |
| 1BR | $2,276 | −$196 (-7.9%) | — | $2,198 – $2,334 | 47 |
| 1BR | $2,332 | −$140 (-5.7%) | — | $1,950 – $2,554 | 399 |
| 2BR | $1,700 | −$1,365 (-44.5%) | — | $1,700 – $1,700 | 1 |
| 2BR | $3,092 | +$27 (+0.9%) | — | $2,895 – $3,460 | 57 |
| 3BR | $3,250 | −$1,250 (-27.8%) | — | $3,250 – $3,250 | 1 |
| 3BR | $4,500 | $0 (0.0%) | — | $2,954 – $5,999 | 15 |
| 4BR | $3,300 | −$700 (-17.5%) | — | $2,550 – $4,732 | 8 |
| 4BR | $5,895 | +$1,895 (+47.4%) | — | $5,895 – $5,895 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2021. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — August 2021
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,881 | $1,050 | +$831 (+79.1%) |
| Studio | $1,914 | $1,050 | +$864 (+82.3%) |
| 1BR | $2,276 | $1,198 | +$1,079 (+90.1%) |
| 1BR | $2,332 | $1,198 | +$1,135 (+94.7%) |
| 2BR | $1,700 | $1,498 | +$203 (+13.5%) |
| 2BR | $3,092 | $1,498 | +$1,595 (+106.5%) |
| 3BR | $3,250 | $2,000 | +$1,250 (+62.5%) |
| 3BR | $4,500 | $2,000 | +$2,500 (+125.0%) |
| 4BR | $3,300 | $2,395 | +$905 (+37.8%) |
| 4BR | $5,895 | $2,395 | +$3,500 (+146.1%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2021.