Monthly Rent Report
West Loop Rent Report — February 2023
Asking rents in ZIP 60607, Chicago, from 1,303 listings.
Median 1BR rent in West Loop was $2,590 in February 2023, up 2.7% (+$69) from January 2023 and up 8.1% year-over-year. The middle half of 1BR listings asked between $2,344 and $2,909. That puts West Loop $1,190 above the Chicago citywide 1BR median of $1,400. The month's figures are based on 1,303 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2023 | Vs. February 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,735 | −$148 (-7.9%) | +$97 (+5.9%) | $1,735 – $1,735 | 1 |
| Studio | $2,130 | +$247 (+13.1%) | +$492 (+30.0%) | $1,900 – $2,425 | 161 |
| 1BR | $2,590 | +$69 (+2.7%) | +$193 (+8.1%) | $2,344 – $2,909 | 521 |
| 1BR | $2,756 | +$235 (+9.3%) | +$359 (+15.0%) | $2,756 – $2,756 | 1 |
| 2BR | $3,411 | +$78 (+2.3%) | −$289 (-7.8%) | $3,020 – $4,095 | 434 |
| 2BR | $3,280 | −$53 (-1.6%) | −$420 (-11.4%) | $3,108 – $3,585 | 6 |
| 3BR | $4,624 | +$124 (+2.8%) | −$762 (-14.1%) | $3,396 – $5,565 | 134 |
| 3BR | $9,895 | +$5,395 (+119.9%) | +$4,509 (+83.7%) | $8,205 – $14,395 | 13 |
| 4BR | $5,600 | +$1,405 (+33.5%) | −$835 (-13.0%) | $5,600 – $5,600 | 1 |
| 4BR | $4,200 | +$5 (+0.1%) | −$2,235 (-34.7%) | $3,875 – $5,495 | 24 |
Median, P25, and P75 are asking rents from listings posted in February 2023. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — February 2023
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,735 | $1,149 | +$586 (+51.0%) |
| Studio | $2,130 | $1,149 | +$981 (+85.4%) |
| 1BR | $2,590 | $1,400 | +$1,190 (+85.0%) |
| 1BR | $2,756 | $1,400 | +$1,356 (+96.9%) |
| 2BR | $3,411 | $1,695 | +$1,716 (+101.2%) |
| 2BR | $3,280 | $1,695 | +$1,585 (+93.5%) |
| 3BR | $4,624 | $2,188 | +$2,437 (+111.4%) |
| 3BR | $9,895 | $2,188 | +$7,708 (+352.3%) |
| 4BR | $5,600 | $2,393 | +$3,208 (+134.1%) |
| 4BR | $4,200 | $2,393 | +$1,808 (+75.5%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in February 2023.