Monthly Rent Report
West Loop Rent Report — September 2023
Asking rents in ZIP 60607, Chicago, from 69 listings.
Median 1BR rent in West Loop was $2,500 in September 2023, down 6.1% (−$161) from August 2023 and up 21.4% year-over-year. The middle half of 1BR listings asked between $2,500 and $2,500. That puts West Loop $1,050 above the Chicago citywide 1BR median of $1,450. The month's figures are based on 69 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2023 | Vs. September 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,069 | +$9 (+0.4%) | +$279 (+15.6%) | $1,821 – $2,207 | 15 |
| Studio | $1,773 | −$287 (-13.9%) | −$17 (-0.9%) | $1,751 – $1,826 | 8 |
| 1BR | $2,500 | −$161 (-6.1%) | +$440 (+21.4%) | $2,500 – $2,500 | 1 |
| 1BR | $2,240 | −$421 (-15.8%) | +$180 (+8.7%) | $2,207 – $2,576 | 4 |
| 2BR | $3,173 | −$546 (-14.7%) | −$709 (-18.3%) | $3,116 – $4,249 | 3 |
| 2BR | $2,500 | −$1,219 (-32.8%) | −$1,382 (-35.6%) | $2,500 – $2,500 | 1 |
| 3BR | $6,495 | +$745 (+13.0%) | +$2,845 (+77.9%) | $4,695 – $8,118 | 3 |
| 3BR | $5,261 | −$489 (-8.5%) | +$1,611 (+44.1%) | $3,950 – $9,900 | 20 |
| 4BR | $6,650 | +$3,750 (+129.3%) | +$1,686 (+34.0%) | $3,725 – $9,500 | 10 |
| 4BR | $3,400 | +$500 (+17.2%) | −$1,564 (-31.5%) | $3,400 – $3,400 | 4 |
Median, P25, and P75 are asking rents from listings posted in September 2023. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — September 2023
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,069 | $1,238 | +$832 (+67.2%) |
| Studio | $1,773 | $1,238 | +$536 (+43.3%) |
| 1BR | $2,500 | $1,450 | +$1,050 (+72.4%) |
| 1BR | $2,240 | $1,450 | +$790 (+54.5%) |
| 2BR | $3,173 | $1,738 | +$1,436 (+82.6%) |
| 2BR | $2,500 | $1,738 | +$763 (+43.9%) |
| 3BR | $6,495 | $2,327 | +$4,168 (+179.1%) |
| 3BR | $5,261 | $2,327 | +$2,934 (+126.1%) |
| 4BR | $6,650 | $2,783 | +$3,867 (+139.0%) |
| 4BR | $3,400 | $2,783 | +$617 (+22.2%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in September 2023.