Monthly Rent Report
West Loop Rent Report — July 2022
Asking rents in ZIP 60607, Chicago, from 403 listings.
Median 1BR rent in West Loop was $2,632 in July 2022, up 9.6% (+$232) from June 2022 and up 14.1% year-over-year. The middle half of 1BR listings asked between $2,150 and $2,895. That puts West Loop $1,407 above the Chicago citywide 1BR median of $1,225. The month's figures are based on 403 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2022 | Vs. July 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,191 | +$454 (+26.1%) | +$216 (+10.9%) | $2,085 – $2,377 | 43 |
| Studio | $2,293 | +$556 (+32.0%) | +$318 (+16.1%) | $2,293 – $2,293 | 1 |
| 1BR | $2,632 | +$232 (+9.6%) | +$326 (+14.1%) | $2,150 – $2,895 | 148 |
| 1BR | $3,034 | +$634 (+26.4%) | +$728 (+31.6%) | $2,864 – $3,150 | 4 |
| 2BR | $3,213 | −$237 (-6.9%) | −$350 (-9.8%) | $2,500 – $3,707 | 176 |
| 2BR | $3,500 | +$50 (+1.4%) | −$63 (-1.8%) | $3,400 – $3,750 | 3 |
| 3BR | $3,550 | −$700 (-16.5%) | −$950 (-21.1%) | $3,550 – $3,550 | 2 |
| 3BR | $2,200 | −$2,050 (-48.2%) | −$2,300 (-51.1%) | $2,200 – $2,200 | 1 |
| 4BR | $3,900 | −$1,369 (-26.0%) | −$100 (-2.5%) | $3,550 – $5,213 | 6 |
| 4BR | $3,550 | −$1,719 (-32.6%) | −$450 (-11.3%) | $2,895 – $5,798 | 18 |
Median, P25, and P75 are asking rents from listings posted in July 2022. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — July 2022
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,191 | $1,104 | +$1,087 (+98.5%) |
| Studio | $2,293 | $1,104 | +$1,189 (+107.7%) |
| 1BR | $2,632 | $1,225 | +$1,407 (+114.8%) |
| 1BR | $3,034 | $1,225 | +$1,809 (+147.7%) |
| 2BR | $3,213 | $1,695 | +$1,518 (+89.6%) |
| 2BR | $3,500 | $1,695 | +$1,805 (+106.5%) |
| 3BR | $3,550 | $2,200 | +$1,350 (+61.4%) |
| 3BR | $2,200 | $2,200 | $0 (0.0%) |
| 4BR | $3,900 | $2,500 | +$1,400 (+56.0%) |
| 4BR | $3,550 | $2,500 | +$1,050 (+42.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in July 2022.