Monthly Rent Report
West Loop Rent Report — September 2022
Asking rents in ZIP 60607, Chicago, from 41 listings.
Median 1BR rent in West Loop was $2,500 in September 2022, down 6.5% (−$173) from August 2022 and up 6.4% year-over-year. The middle half of 1BR listings asked between $2,376 and $2,550. That puts West Loop $1,200 above the Chicago citywide 1BR median of $1,300. The month's figures are based on 41 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2022 | Vs. September 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,085 | −$392 (-15.8%) | +$183 (+9.6%) | $2,085 – $2,085 | 1 |
| Studio | $1,790 | −$687 (-27.7%) | −$112 (-5.9%) | $1,233 – $1,795 | 3 |
| 1BR | $2,500 | −$173 (-6.5%) | +$150 (+6.4%) | $2,376 – $2,550 | 5 |
| 1BR | $2,060 | −$613 (-22.9%) | −$290 (-12.3%) | $1,678 – $2,220 | 3 |
| 2BR | $3,883 | +$1,033 (+36.2%) | +$683 (+21.3%) | $3,709 – $4,070 | 4 |
| 2BR | $3,173 | +$323 (+11.3%) | −$26 (-0.8%) | $2,613 – $3,767 | 6 |
| 3BR | $3,293 | −$1,207 (-26.8%) | −$2,706 (-45.1%) | $2,496 – $4,089 | 2 |
| 3BR | $3,650 | −$850 (-18.9%) | −$2,349 (-39.2%) | $3,650 – $3,650 | 1 |
| 4BR | $4,964 | −$33 (-0.7%) | +$2,964 (+148.2%) | $4,964 – $4,964 | 1 |
| 4BR | $5,262 | +$265 (+5.3%) | +$3,262 (+163.1%) | $4,506 – $5,518 | 3 |
Median, P25, and P75 are asking rents from listings posted in September 2022. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — September 2022
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,085 | $1,050 | +$1,035 (+98.6%) |
| Studio | $1,790 | $1,050 | +$740 (+70.5%) |
| 1BR | $2,500 | $1,300 | +$1,200 (+92.3%) |
| 1BR | $2,060 | $1,300 | +$760 (+58.5%) |
| 2BR | $3,883 | $1,550 | +$2,333 (+150.5%) |
| 2BR | $3,173 | $1,550 | +$1,623 (+104.7%) |
| 3BR | $3,293 | $2,099 | +$1,194 (+56.9%) |
| 3BR | $3,650 | $2,099 | +$1,551 (+73.9%) |
| 4BR | $4,964 | $2,420 | +$2,544 (+105.1%) |
| 4BR | $5,262 | $2,420 | +$2,842 (+117.5%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in September 2022.