Monthly Rent Report
West Loop Rent Report — April 2023
Asking rents in ZIP 60607, Chicago, from 1,915 listings.
Median 1BR rent in West Loop was $2,750 in April 2023, up 13.7% (+$332) from March 2023 and up 4.2% year-over-year. The middle half of 1BR listings asked between $2,434 and $3,050. That puts West Loop $1,325 above the Chicago citywide 1BR median of $1,425. The month's figures are based on 1,915 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2023 | Vs. April 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,985 | −$109 (-5.2%) | +$355 (+21.8%) | $1,985 – $1,985 | 1 |
| Studio | $2,249 | +$155 (+7.4%) | +$619 (+37.9%) | $2,015 – $2,428 | 294 |
| 1BR | $2,750 | +$332 (+13.7%) | +$112 (+4.2%) | $2,434 – $3,050 | 752 |
| 1BR | $2,521 | +$103 (+4.3%) | −$117 (-4.4%) | $2,382 – $2,657 | 5 |
| 2BR | $3,660 | −$17 (-0.5%) | +$325 (+9.7%) | $3,172 – $4,384 | 598 |
| 2BR | $3,195 | −$482 (-13.1%) | −$140 (-4.2%) | $3,097 – $3,325 | 5 |
| 3BR | $5,088 | +$445 (+9.6%) | +$1,593 (+45.6%) | $3,850 – $6,582 | 181 |
| 3BR | $4,550 | −$93 (-2.0%) | +$1,055 (+30.2%) | $3,825 – $5,275 | 2 |
| 4BR | $4,000 | −$150 (-3.6%) | +$1,255 (+45.7%) | $3,900 – $5,298 | 36 |
| 4BR | $4,000 | −$150 (-3.6%) | +$1,255 (+45.7%) | $3,900 – $5,298 | 36 |
Median, P25, and P75 are asking rents from listings posted in April 2023. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — April 2023
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,985 | $1,195 | +$790 (+66.1%) |
| Studio | $2,249 | $1,195 | +$1,054 (+88.2%) |
| 1BR | $2,750 | $1,425 | +$1,325 (+93.0%) |
| 1BR | $2,521 | $1,425 | +$1,096 (+76.9%) |
| 2BR | $3,660 | $1,725 | +$1,935 (+112.2%) |
| 2BR | $3,195 | $1,725 | +$1,470 (+85.2%) |
| 3BR | $5,088 | $2,300 | +$2,788 (+121.2%) |
| 3BR | $4,550 | $2,300 | +$2,250 (+97.8%) |
| 4BR | $4,000 | $2,597 | +$1,403 (+54.0%) |
| 4BR | $4,000 | $2,597 | +$1,403 (+54.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in April 2023.