Monthly Rent Report
West Loop Rent Report — August 2022
Asking rents in ZIP 60607, Chicago, from 1,434 listings.
Median 1BR rent in West Loop was $2,673 in August 2022, down 11.9% (−$361) from July 2022 and up 14.6% year-over-year. The middle half of 1BR listings asked between $2,376 and $2,906. That puts West Loop $1,378 above the Chicago citywide 1BR median of $1,295. The month's figures are based on 1,434 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2022 | Vs. August 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,477 | +$286 (+13.1%) | +$563 (+29.4%) | $2,477 – $2,477 | 1 |
| Studio | $2,136 | −$55 (-2.5%) | +$222 (+11.6%) | $1,950 – $2,291 | 226 |
| 1BR | $2,673 | −$361 (-11.9%) | +$341 (+14.6%) | $2,376 – $2,906 | 576 |
| 1BR | $2,300 | −$734 (-24.2%) | −$32 (-1.4%) | $2,300 – $2,300 | 1 |
| 2BR | $2,850 | −$363 (-11.3%) | −$242 (-7.8%) | $2,850 – $2,850 | 1 |
| 2BR | $3,382 | +$169 (+5.3%) | +$290 (+9.4%) | $3,000 – $3,772 | 498 |
| 3BR | $4,500 | +$950 (+26.8%) | $0 (0.0%) | $3,695 – $5,058 | 105 |
| 3BR | $3,500 | −$50 (-1.4%) | −$1,000 (-22.2%) | $3,500 – $3,500 | 1 |
| 4BR | $5,313 | +$1,413 (+36.2%) | −$582 (-9.9%) | $3,750 – $5,838 | 20 |
| 4BR | $4,997 | +$1,097 (+28.1%) | −$898 (-15.2%) | $4,997 – $4,997 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2022. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — August 2022
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,477 | $1,095 | +$1,382 (+126.2%) |
| Studio | $2,136 | $1,095 | +$1,041 (+95.0%) |
| 1BR | $2,673 | $1,295 | +$1,378 (+106.4%) |
| 1BR | $2,300 | $1,295 | +$1,005 (+77.6%) |
| 2BR | $2,850 | $1,795 | +$1,055 (+58.8%) |
| 2BR | $3,382 | $1,795 | +$1,587 (+88.4%) |
| 3BR | $4,500 | $2,250 | +$2,250 (+100.0%) |
| 3BR | $3,500 | $2,250 | +$1,250 (+55.6%) |
| 4BR | $5,313 | $2,455 | +$2,858 (+116.4%) |
| 4BR | $4,997 | $2,455 | +$2,542 (+103.5%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2022.