Monthly Rent Report
West Loop Rent Report — June 2022
Asking rents in ZIP 60607, Chicago, from 44 listings.
Median 1BR rent in West Loop was $2,739 in June 2022, up 19.1% (+$439) from May 2022 and up 15.8% year-over-year. The middle half of 1BR listings asked between $2,700 and $2,779. That puts West Loop $1,489 above the Chicago citywide 1BR median of $1,250. The month's figures are based on 44 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2022 | Vs. June 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,737 | +$41 (+2.4%) | −$145 (-7.7%) | $1,737 – $1,772 | 7 |
| 1BR | $2,739 | +$439 (+19.1%) | +$374 (+15.8%) | $2,700 – $2,779 | 2 |
| 1BR | $2,400 | +$100 (+4.3%) | +$35 (+1.5%) | $2,175 – $2,629 | 4 |
| 2BR | $3,450 | +$675 (+24.3%) | +$738 (+27.2%) | $3,400 – $4,175 | 6 |
| 2BR | $3,770 | +$995 (+35.9%) | +$1,058 (+39.0%) | $3,020 – $4,600 | 15 |
| 3BR | $4,250 | −$1,545 (-26.7%) | +$1,337 (+45.9%) | $3,250 – $5,050 | 4 |
| 3BR | $6,650 | +$855 (+14.8%) | +$3,737 (+128.3%) | $5,725 – $7,575 | 2 |
| 4BR | $5,269 | +$2,272 (+75.8%) | +$2,174 (+70.2%) | $5,269 – $5,269 | 1 |
Median, P25, and P75 are asking rents from listings posted in June 2022. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — June 2022
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,737 | $990 | +$747 (+75.5%) |
| 1BR | $2,739 | $1,250 | +$1,489 (+119.1%) |
| 1BR | $2,400 | $1,250 | +$1,150 (+92.0%) |
| 2BR | $3,450 | $1,570 | +$1,880 (+119.8%) |
| 2BR | $3,770 | $1,570 | +$2,200 (+140.2%) |
| 3BR | $4,250 | $1,995 | +$2,255 (+113.0%) |
| 3BR | $6,650 | $1,995 | +$4,655 (+233.3%) |
| 4BR | $5,269 | $2,496 | +$2,773 (+111.1%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in June 2022.