Monthly Rent Report
West Loop Rent Report — June 2023
Asking rents in ZIP 60607, Chicago, from 1,354 listings.
Median 1BR rent in West Loop was $2,379 in June 2023, down 6.6% (−$169) from May 2023 and down 13.1% year-over-year. The middle half of 1BR listings asked between $2,353 and $2,581. That puts West Loop $979 above the Chicago citywide 1BR median of $1,400. The month's figures are based on 1,354 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2023 | Vs. June 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,269 | +$49 (+2.2%) | +$532 (+30.6%) | $1,995 – $2,472 | 177 |
| Studio | $1,908 | −$312 (-14.1%) | +$171 (+9.8%) | $1,903 – $1,979 | 7 |
| 1BR | $2,379 | −$169 (-6.6%) | −$360 (-13.1%) | $2,353 – $2,581 | 5 |
| 1BR | $2,771 | +$223 (+8.7%) | +$32 (+1.2%) | $2,430 – $3,132 | 552 |
| 2BR | $3,843 | +$86 (+2.3%) | +$393 (+11.4%) | $2,985 – $4,495 | 392 |
| 2BR | $3,452 | −$305 (-8.1%) | +$2 (+0.0%) | $3,105 – $4,162 | 4 |
| 3BR | $5,000 | −$339 (-6.3%) | +$750 (+17.6%) | $3,600 – $6,500 | 160 |
| 3BR | $5,775 | +$436 (+8.2%) | +$1,525 (+35.9%) | $4,850 – $6,399 | 6 |
| 4BR | $3,698 | −$202 (-5.2%) | −$1,571 (-29.8%) | $3,195 – $4,614 | 40 |
| 4BR | $3,500 | −$400 (-10.3%) | −$1,769 (-33.6%) | $3,500 – $3,748 | 7 |
Median, P25, and P75 are asking rents from listings posted in June 2023. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — June 2023
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,269 | $1,243 | +$1,027 (+82.6%) |
| Studio | $1,908 | $1,243 | +$666 (+53.6%) |
| 1BR | $2,379 | $1,400 | +$979 (+69.9%) |
| 1BR | $2,771 | $1,400 | +$1,371 (+97.9%) |
| 2BR | $3,843 | $1,700 | +$2,143 (+126.1%) |
| 2BR | $3,452 | $1,700 | +$1,752 (+103.0%) |
| 3BR | $5,000 | $2,275 | +$2,725 (+119.8%) |
| 3BR | $5,775 | $2,275 | +$3,500 (+153.8%) |
| 4BR | $3,698 | $2,500 | +$1,198 (+47.9%) |
| 4BR | $3,500 | $2,500 | +$1,000 (+40.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in June 2023.