Monthly Rent Report
West Loop Rent Report — May 2022
Asking rents in ZIP 60607, Chicago, from 19 listings.
Median 1BR rent in West Loop was $2,750 in May 2022, up 4.2% (+$112) from April 2022 and up 9.3% year-over-year. The middle half of 1BR listings asked between $2,750 and $2,750. That puts West Loop $1,453 above the Chicago citywide 1BR median of $1,298. The month's figures are based on 19 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2022 | Vs. May 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,696 | +$66 (+4.0%) | −$137 (-7.5%) | $1,593 – $1,708 | 7 |
| 1BR | $2,750 | +$112 (+4.2%) | +$235 (+9.3%) | $2,750 – $2,750 | 1 |
| 1BR | $2,300 | −$338 (-12.8%) | −$215 (-8.6%) | $2,150 – $2,450 | 2 |
| 2BR | $3,211 | −$124 (-3.7%) | +$151 (+4.9%) | $2,556 – $3,867 | 2 |
| 2BR | $2,775 | −$560 (-16.8%) | −$285 (-9.3%) | $2,688 – $2,863 | 2 |
| 3BR | $3,950 | +$455 (+13.0%) | +$558 (+16.5%) | $3,950 – $3,950 | 1 |
| 3BR | $5,795 | +$2,300 (+65.8%) | +$2,403 (+70.8%) | $5,795 – $5,795 | 1 |
| 4BR | $2,998 | +$253 (+9.2%) | +$103 (+3.5%) | $2,749 – $3,246 | 2 |
Median, P25, and P75 are asking rents from listings posted in May 2022. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — May 2022
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,696 | $1,050 | +$646 (+61.5%) |
| 1BR | $2,750 | $1,298 | +$1,453 (+111.9%) |
| 1BR | $2,300 | $1,298 | +$1,003 (+77.3%) |
| 2BR | $3,211 | $1,599 | +$1,612 (+100.8%) |
| 2BR | $2,775 | $1,599 | +$1,176 (+73.6%) |
| 3BR | $3,950 | $2,100 | +$1,850 (+88.1%) |
| 3BR | $5,795 | $2,100 | +$3,695 (+176.0%) |
| 4BR | $2,998 | $2,600 | +$398 (+15.3%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2022.