Monthly Rent Report
West Loop Rent Report — March 2022
Asking rents in ZIP 60607, Chicago, from 11 listings.
Median 1BR rent in West Loop was $2,125 in March 2022, down 11.3% (−$272) from February 2022. The middle half of 1BR listings asked between $1,888 and $2,388. That puts West Loop $895 above the Chicago citywide 1BR median of $1,230. The month's figures are based on 11 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2022 | Vs. Year Ago | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,588 | −$50 (-3.1%) | — | $1,588 – $1,588 | 1 |
| 1BR | $2,125 | −$272 (-11.3%) | — | $1,888 – $2,388 | 4 |
| 2BR | $3,808 | +$108 (+2.9%) | — | $3,749 – $3,866 | 2 |
| 3BR | $3,466 | −$1,920 (-35.7%) | — | $2,862 – $4,069 | 2 |
| 4BR | $2,850 | −$3,585 (-55.7%) | — | $2,850 – $2,850 | 1 |
Median, P25, and P75 are asking rents from listings posted in March 2022. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — March 2022
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,588 | $950 | +$638 (+67.2%) |
| 1BR | $2,125 | $1,230 | +$895 (+72.8%) |
| 2BR | $3,808 | $1,473 | +$2,335 (+158.6%) |
| 3BR | $3,466 | $1,950 | +$1,516 (+77.7%) |
| 4BR | $2,850 | $2,300 | +$550 (+23.9%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in March 2022.