Monthly Rent Report
West Loop Rent Report — November 2023
Asking rents in ZIP 60607, Chicago, from 437 listings.
Median 1BR rent in West Loop was $2,203 in November 2023, up 3.7% (+$79) from October 2023 and down 8.0% year-over-year. The middle half of 1BR listings asked between $2,150 and $2,255. That puts West Loop $699 above the Chicago citywide 1BR median of $1,504. The month's figures are based on 437 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2023 | Vs. November 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,166 | +$90 (+4.3%) | +$337 (+18.4%) | $1,993 – $2,380 | 380 |
| Studio | $2,070 | −$6 (-0.3%) | +$241 (+13.2%) | $1,972 – $2,169 | 2 |
| 1BR | $2,203 | +$79 (+3.7%) | −$192 (-8.0%) | $2,150 – $2,255 | 2 |
| 1BR | $2,600 | +$477 (+22.4%) | +$205 (+8.6%) | $2,600 – $2,600 | 1 |
| 2BR | $3,999 | +$986 (+32.7%) | −$103 (-2.5%) | $3,999 – $3,999 | 2 |
| 2BR | $3,251 | +$238 (+7.9%) | −$851 (-20.8%) | $3,249 – $3,252 | 2 |
| 3BR | $3,348 | −$4,972 (-59.8%) | +$948 (+39.5%) | $2,920 – $3,700 | 8 |
| 3BR | $10,245 | +$1,925 (+23.1%) | +$7,845 (+326.9%) | $7,620 – $12,870 | 2 |
| 4BR | $3,400 | −$8,100 (-70.4%) | +$400 (+13.3%) | $3,195 – $7,995 | 29 |
| 4BR | $3,400 | −$8,100 (-70.4%) | +$400 (+13.3%) | $3,400 – $5,698 | 3 |
Median, P25, and P75 are asking rents from listings posted in November 2023. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — November 2023
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,166 | $1,160 | +$1,006 (+86.7%) |
| Studio | $2,070 | $1,160 | +$910 (+78.4%) |
| 1BR | $2,203 | $1,504 | +$699 (+46.5%) |
| 1BR | $2,600 | $1,504 | +$1,097 (+72.9%) |
| 2BR | $3,999 | $1,800 | +$2,199 (+122.2%) |
| 2BR | $3,251 | $1,800 | +$1,451 (+80.6%) |
| 3BR | $3,348 | $2,298 | +$1,050 (+45.7%) |
| 3BR | $10,245 | $2,298 | +$7,948 (+345.9%) |
| 4BR | $3,400 | $2,750 | +$650 (+23.6%) |
| 4BR | $3,400 | $2,750 | +$650 (+23.6%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in November 2023.