Monthly Rent Report
West Loop Rent Report — December 2022
Asking rents in ZIP 60607, Chicago, from 368 listings.
Median 1BR rent in West Loop was $2,405 in December 2022, up 3.2% (+$75) from November 2022 and up 2.8% year-over-year. The middle half of 1BR listings asked between $2,253 and $2,621. That puts West Loop $1,060 above the Chicago citywide 1BR median of $1,345. The month's figures are based on 368 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2022 | Vs. December 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,959 | −$32 (-1.6%) | −$73 (-3.6%) | $1,900 – $2,073 | 35 |
| Studio | $1,768 | −$223 (-11.2%) | −$264 (-13.0%) | $1,755 – $1,782 | 2 |
| 1BR | $2,405 | +$75 (+3.2%) | +$65 (+2.8%) | $2,253 – $2,621 | 143 |
| 1BR | $2,483 | +$153 (+6.6%) | +$143 (+6.1%) | $2,392 – $3,330 | 7 |
| 2BR | $3,251 | −$851 (-20.8%) | +$264 (+8.8%) | $3,093 – $3,519 | 128 |
| 2BR | $3,195 | −$907 (-22.1%) | +$208 (+7.0%) | $3,195 – $3,195 | 1 |
| 3BR | $6,022 | +$3,622 (+150.9%) | +$2,294 (+61.5%) | $6,022 – $6,022 | 1 |
| 3BR | $4,225 | +$1,825 (+76.0%) | +$497 (+13.3%) | $3,173 – $4,763 | 30 |
| 4BR | $5,495 | +$2,495 (+83.2%) | +$2,295 (+71.7%) | $2,900 – $8,750 | 15 |
| 4BR | $5,495 | +$2,495 (+83.2%) | +$2,295 (+71.7%) | $5,170 – $5,541 | 3 |
Median, P25, and P75 are asking rents from listings posted in December 2022. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — December 2022
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,959 | $1,050 | +$909 (+86.6%) |
| Studio | $1,768 | $1,050 | +$718 (+68.4%) |
| 1BR | $2,405 | $1,345 | +$1,060 (+78.8%) |
| 1BR | $2,483 | $1,345 | +$1,138 (+84.6%) |
| 2BR | $3,251 | $1,675 | +$1,576 (+94.1%) |
| 2BR | $3,195 | $1,675 | +$1,520 (+90.7%) |
| 3BR | $6,022 | $2,181 | +$3,841 (+176.1%) |
| 3BR | $4,225 | $2,181 | +$2,044 (+93.7%) |
| 4BR | $5,495 | $2,589 | +$2,906 (+112.2%) |
| 4BR | $5,495 | $2,589 | +$2,906 (+112.2%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in December 2022.