Monthly Rent Report
West Loop Rent Report — April 2022
Asking rents in ZIP 60607, Chicago, from 14 listings.
Median 1BR rent in West Loop was $2,638 in April 2022, up 24.1% (+$513) from March 2022. The middle half of 1BR listings asked between $2,638 and $2,638. That puts West Loop $1,404 above the Chicago citywide 1BR median of $1,234. The month's figures are based on 14 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2022 | Vs. Year Ago | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,630 | +$42 (+2.6%) | — | $1,603 – $1,664 | 6 |
| 1BR | $2,638 | +$513 (+24.1%) | — | $2,638 – $2,638 | 1 |
| 2BR | $3,335 | −$472 (-12.4%) | — | $3,168 – $3,503 | 2 |
| 3BR | $3,495 | +$30 (+0.9%) | — | $3,495 – $3,495 | 1 |
| 4BR | $2,745 | −$105 (-3.7%) | — | $2,720 – $2,770 | 2 |
Median, P25, and P75 are asking rents from listings posted in April 2022. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — April 2022
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,630 | $1,085 | +$545 (+50.2%) |
| 1BR | $2,638 | $1,234 | +$1,404 (+113.8%) |
| 2BR | $3,335 | $1,495 | +$1,840 (+123.1%) |
| 3BR | $3,495 | $2,098 | +$1,398 (+66.6%) |
| 4BR | $2,745 | $2,595 | +$150 (+5.8%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in April 2022.