Monthly Rent Report
West Loop Rent Report — October 2023
Asking rents in ZIP 60607, Chicago, from 181 listings.
Median 1BR rent in West Loop was $2,124 in October 2023, down 15.1% (−$376) from September 2023 and down 15.8% year-over-year. The middle half of 1BR listings asked between $2,087 and $2,160. That puts West Loop $649 above the Chicago citywide 1BR median of $1,475. The month's figures are based on 181 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2023 | Vs. October 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,945 | +$172 (+9.7%) | −$158 (-7.5%) | $1,910 – $1,993 | 4 |
| Studio | $2,076 | +$303 (+17.1%) | −$27 (-1.3%) | $1,930 – $2,167 | 13 |
| 1BR | $2,124 | −$376 (-15.1%) | −$399 (-15.8%) | $2,087 – $2,160 | 2 |
| 1BR | $2,577 | +$77 (+3.1%) | +$54 (+2.1%) | $2,350 – $2,750 | 77 |
| 2BR | $3,013 | +$513 (+20.5%) | −$272 (-8.3%) | $2,944 – $3,082 | 2 |
| 2BR | $2,950 | +$450 (+18.0%) | −$335 (-10.2%) | $2,950 – $2,950 | 1 |
| 3BR | $8,320 | +$1,825 (+28.1%) | +$3,320 (+66.4%) | $7,345 – $10,055 | 8 |
| 3BR | $3,950 | −$2,545 (-39.2%) | −$1,050 (-21.0%) | $3,600 – $5,989 | 42 |
| 4BR | $11,500 | +$4,850 (+72.9%) | +$5,983 (+108.4%) | $7,995 – $11,500 | 5 |
| 4BR | $3,700 | −$2,950 (-44.4%) | −$1,817 (-32.9%) | $3,300 – $5,200 | 27 |
Median, P25, and P75 are asking rents from listings posted in October 2023. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — October 2023
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,945 | $1,200 | +$745 (+62.0%) |
| Studio | $2,076 | $1,200 | +$876 (+73.0%) |
| 1BR | $2,124 | $1,475 | +$649 (+44.0%) |
| 1BR | $2,577 | $1,475 | +$1,102 (+74.7%) |
| 2BR | $3,013 | $1,800 | +$1,213 (+67.4%) |
| 2BR | $2,950 | $1,800 | +$1,150 (+63.9%) |
| 3BR | $8,320 | $2,450 | +$5,870 (+239.6%) |
| 3BR | $3,950 | $2,450 | +$1,500 (+61.2%) |
| 4BR | $11,500 | $2,575 | +$8,925 (+346.6%) |
| 4BR | $3,700 | $2,575 | +$1,125 (+43.7%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in October 2023.