Monthly Rent Report
West Loop Rent Report — October 2022
Asking rents in ZIP 60607, Chicago, from 150 listings.
Median 1BR rent in West Loop was $2,523 in October 2022, up 0.9% (+$23) from September 2022 and up 10.8% year-over-year. The middle half of 1BR listings asked between $2,523 and $2,523. That puts West Loop $1,206 above the Chicago citywide 1BR median of $1,318. The month's figures are based on 150 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2022 | Vs. October 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,103 | +$18 (+0.9%) | +$291 (+16.1%) | $2,103 – $2,103 | 1 |
| Studio | $1,781 | −$304 (-14.6%) | −$31 (-1.7%) | $1,595 – $2,071 | 103 |
| 1BR | $2,523 | +$23 (+0.9%) | +$245 (+10.8%) | $2,523 – $2,523 | 1 |
| 1BR | $2,775 | +$275 (+11.0%) | +$497 (+21.8%) | $2,600 – $2,950 | 4 |
| 2BR | $3,285 | +$112 (+3.5%) | +$21 (+0.6%) | $2,338 – $3,400 | 16 |
| 2BR | $3,841 | +$668 (+21.1%) | +$577 (+17.7%) | $3,558 – $3,972 | 3 |
| 3BR | $4,225 | +$933 (+28.3%) | −$1,365 (-24.4%) | $3,838 – $4,613 | 2 |
| 3BR | $5,000 | +$1,708 (+51.9%) | −$590 (-10.6%) | $4,800 – $7,000 | 13 |
| 4BR | $5,518 | +$554 (+11.2%) | +$3,118 (+129.9%) | $5,390 – $5,645 | 2 |
| 4BR | $3,750 | −$1,214 (-24.5%) | +$1,350 (+56.3%) | $3,750 – $3,750 | 2 |
Median, P25, and P75 are asking rents from listings posted in October 2022. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — October 2022
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,103 | $1,050 | +$1,053 (+100.3%) |
| Studio | $1,781 | $1,050 | +$731 (+69.6%) |
| 1BR | $2,523 | $1,318 | +$1,206 (+91.5%) |
| 1BR | $2,775 | $1,318 | +$1,458 (+110.6%) |
| 2BR | $3,285 | $1,700 | +$1,585 (+93.2%) |
| 2BR | $3,841 | $1,700 | +$2,141 (+125.9%) |
| 3BR | $4,225 | $2,190 | +$2,035 (+92.9%) |
| 3BR | $5,000 | $2,190 | +$2,810 (+128.3%) |
| 4BR | $5,518 | $2,478 | +$3,040 (+122.7%) |
| 4BR | $3,750 | $2,478 | +$1,273 (+51.4%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in October 2022.