Monthly Rent Report
West Loop Rent Report — November 2022
Asking rents in ZIP 60607, Chicago, from 303 listings.
Median 1BR rent in West Loop was $2,330 in November 2022, down 16.0% (−$445) from October 2022 and down 0.6% year-over-year. The middle half of 1BR listings asked between $2,260 and $2,550. That puts West Loop $930 above the Chicago citywide 1BR median of $1,400. The month's figures are based on 303 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2022 | Vs. November 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,829 | +$48 (+2.7%) | −$232 (-11.3%) | $1,829 – $1,829 | 1 |
| Studio | $1,991 | +$210 (+11.8%) | −$70 (-3.4%) | $1,860 – $2,137 | 254 |
| 1BR | $2,330 | −$445 (-16.0%) | −$15 (-0.6%) | $2,260 – $2,550 | 6 |
| 1BR | $2,395 | −$380 (-13.7%) | +$50 (+2.1%) | $2,372 – $2,498 | 7 |
| 2BR | $3,295 | +$10 (+0.3%) | +$277 (+9.2%) | $3,014 – $3,370 | 10 |
| 2BR | $4,102 | +$817 (+24.9%) | +$1,084 (+35.9%) | $4,102 – $4,102 | 1 |
| 3BR | $5,291 | +$291 (+5.8%) | +$1,053 (+24.8%) | $5,220 – $5,361 | 2 |
| 3BR | $2,400 | −$2,600 (-52.0%) | −$1,838 (-43.4%) | $2,400 – $4,050 | 4 |
| 4BR | $4,955 | +$1,205 (+32.1%) | −$1,938 (-28.1%) | $4,955 – $4,955 | 1 |
| 4BR | $3,000 | −$750 (-20.0%) | −$3,893 (-56.5%) | $2,900 – $3,550 | 3 |
Median, P25, and P75 are asking rents from listings posted in November 2022. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — November 2022
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,829 | $1,120 | +$709 (+63.3%) |
| Studio | $1,991 | $1,120 | +$871 (+77.8%) |
| 1BR | $2,330 | $1,400 | +$930 (+66.4%) |
| 1BR | $2,395 | $1,400 | +$995 (+71.1%) |
| 2BR | $3,295 | $1,700 | +$1,595 (+93.8%) |
| 2BR | $4,102 | $1,700 | +$2,402 (+141.3%) |
| 3BR | $5,291 | $2,100 | +$3,191 (+151.9%) |
| 3BR | $2,400 | $2,100 | +$300 (+14.3%) |
| 4BR | $4,955 | $2,500 | +$2,455 (+98.2%) |
| 4BR | $3,000 | $2,500 | +$500 (+20.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in November 2022.