Monthly Rent Report
West Loop Rent Report — January 2022
Asking rents in ZIP 60607, Chicago, from 32 listings.
Median 1BR rent in West Loop was $2,600 in January 2022, up 11.1% (+$260) from December 2021. The middle half of 1BR listings asked between $2,600 and $2,600. That puts West Loop $1,315 above the Chicago citywide 1BR median of $1,285. The month's figures are based on 32 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2021 | Vs. Year Ago | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,150 | +$118 (+5.8%) | — | $2,150 – $2,150 | 1 |
| 1BR | $2,600 | +$260 (+11.1%) | — | $2,600 – $2,600 | 1 |
| 1BR | $2,400 | +$60 (+2.6%) | — | $2,400 – $2,400 | 9 |
| 2BR | $3,900 | +$913 (+30.6%) | — | $3,725 – $3,900 | 15 |
| 3BR | $2,186 | −$1,542 (-41.4%) | — | $2,186 – $2,186 | 1 |
| 4BR | $3,200 | $0 (0.0%) | — | $2,666 – $6,942 | 5 |
Median, P25, and P75 are asking rents from listings posted in January 2022. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — January 2022
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,150 | $1,000 | +$1,150 (+115.0%) |
| 1BR | $2,600 | $1,285 | +$1,315 (+102.3%) |
| 1BR | $2,400 | $1,285 | +$1,115 (+86.8%) |
| 2BR | $3,900 | $1,500 | +$2,400 (+160.0%) |
| 3BR | $2,186 | $1,975 | +$211 (+10.7%) |
| 4BR | $3,200 | $2,000 | +$1,200 (+60.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in January 2022.