Monthly Rent Report
West Loop Rent Report — February 2022
Asking rents in ZIP 60607, Chicago, from 17 listings.
Median 1BR rent in West Loop was $2,397 in February 2022, down 7.8% (−$203) from January 2022. The middle half of 1BR listings asked between $2,149 and $2,449. That puts West Loop $1,147 above the Chicago citywide 1BR median of $1,250. The month's figures are based on 17 listings across 5 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2022 | Vs. Year Ago | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,638 | −$512 (-23.8%) | — | $1,621 – $1,657 | 10 |
| 1BR | $2,397 | −$203 (-7.8%) | — | $2,149 – $2,449 | 3 |
| 2BR | $3,700 | −$200 (-5.1%) | — | $3,700 – $3,700 | 1 |
| 3BR | $5,386 | +$3,200 (+146.4%) | — | $5,386 – $5,386 | 1 |
| 4BR | $6,435 | +$3,235 (+101.1%) | — | $6,122 – $6,749 | 2 |
Median, P25, and P75 are asking rents from listings posted in February 2022. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — February 2022
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,638 | $1,028 | +$610 (+59.3%) |
| 1BR | $2,397 | $1,250 | +$1,147 (+91.8%) |
| 2BR | $3,700 | $1,600 | +$2,100 (+131.3%) |
| 3BR | $5,386 | $1,795 | +$3,591 (+200.1%) |
| 4BR | $6,435 | $2,218 | +$4,218 (+190.2%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in February 2022.