Monthly Rent Report
West Loop Rent Report — December 2023
Asking rents in ZIP 60607, Chicago, from 601 listings.
Median 1BR rent in West Loop was $2,770 in December 2023, up 6.5% (+$170) from November 2023 and up 11.6% year-over-year. The middle half of 1BR listings asked between $2,635 and $3,135. That puts West Loop $1,315 above the Chicago citywide 1BR median of $1,455. The month's figures are based on 601 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2023 | Vs. December 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,153 | −$13 (-0.6%) | +$385 (+21.8%) | $1,943 – $2,421 | 540 |
| Studio | $1,796 | −$370 (-17.1%) | +$28 (+1.6%) | $1,758 – $1,830 | 4 |
| 1BR | $2,770 | +$170 (+6.5%) | +$287 (+11.6%) | $2,635 – $3,135 | 3 |
| 1BR | $2,288 | −$312 (-12.0%) | −$195 (-7.9%) | $2,269 – $2,427 | 5 |
| 2BR | $3,200 | −$50 (-1.6%) | −$50 (-1.6%) | $2,700 – $3,800 | 11 |
| 2BR | $3,231 | −$20 (-0.6%) | −$20 (-0.6%) | $3,219 – $3,242 | 2 |
| 3BR | $6,629 | −$3,616 (-35.3%) | +$607 (+10.1%) | $6,589 – $6,669 | 2 |
| 3BR | $2,000 | −$8,245 (-80.5%) | −$4,022 (-66.8%) | $2,000 – $2,000 | 5 |
| 4BR | $3,400 | $0 (0.0%) | −$2,095 (-38.1%) | $3,400 – $6,195 | 12 |
| 4BR | $3,400 | $0 (0.0%) | −$2,095 (-38.1%) | $3,400 – $6,748 | 7 |
Median, P25, and P75 are asking rents from listings posted in December 2023. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — December 2023
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,153 | $1,218 | +$936 (+76.8%) |
| Studio | $1,796 | $1,218 | +$579 (+47.5%) |
| 1BR | $2,770 | $1,455 | +$1,315 (+90.4%) |
| 1BR | $2,288 | $1,455 | +$833 (+57.3%) |
| 2BR | $3,200 | $1,800 | +$1,400 (+77.8%) |
| 2BR | $3,231 | $1,800 | +$1,431 (+79.5%) |
| 3BR | $6,629 | $2,472 | +$4,157 (+168.2%) |
| 3BR | $2,000 | $2,472 | −$472 (-19.1%) |
| 4BR | $3,400 | $2,630 | +$770 (+29.3%) |
| 4BR | $3,400 | $2,630 | +$770 (+29.3%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in December 2023.