Monthly Rent Report
West Loop Rent Report — January 2024
Asking rents in ZIP 60607, Chicago, from 647 listings.
Median 1BR rent in West Loop was $1,890 in January 2024, down 17.4% (−$398) from December 2023 and down 25.0% year-over-year. The middle half of 1BR listings asked between $1,890 and $1,890. That puts West Loop $373 above the Chicago citywide 1BR median of $1,517. The month's figures are based on 647 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2023 | Vs. January 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,144 | +$348 (+19.4%) | +$62 (+3.0%) | $1,950 – $2,428 | 125 |
| Studio | $1,850 | +$54 (+3.0%) | −$232 (-11.2%) | $1,839 – $1,890 | 6 |
| 1BR | $1,890 | −$398 (-17.4%) | −$631 (-25.0%) | $1,890 – $1,890 | 1 |
| 1BR | $2,795 | +$507 (+22.2%) | +$274 (+10.9%) | $2,464 – $3,010 | 269 |
| 2BR | $3,999 | +$769 (+23.8%) | +$666 (+20.0%) | $3,999 – $3,999 | 1 |
| 2BR | $3,708 | +$477 (+14.8%) | +$375 (+11.2%) | $3,175 – $4,345 | 198 |
| 3BR | $4,850 | +$2,850 (+142.5%) | +$1,463 (+43.2%) | $3,950 – $6,845 | 43 |
| 3BR | $5,295 | +$3,295 (+164.8%) | +$1,908 (+56.3%) | $5,295 – $5,295 | 1 |
| 4BR | $3,400 | $0 (0.0%) | −$795 (-19.0%) | $3,400 – $3,400 | 1 |
| 4BR | $5,948 | +$2,548 (+74.9%) | +$1,753 (+41.8%) | $4,674 – $7,221 | 2 |
Median, P25, and P75 are asking rents from listings posted in January 2024. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — January 2024
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,144 | $1,225 | +$919 (+75.0%) |
| Studio | $1,850 | $1,225 | +$625 (+51.0%) |
| 1BR | $1,890 | $1,517 | +$373 (+24.6%) |
| 1BR | $2,795 | $1,517 | +$1,278 (+84.2%) |
| 2BR | $3,999 | $1,800 | +$2,199 (+122.2%) |
| 2BR | $3,708 | $1,800 | +$1,908 (+106.0%) |
| 3BR | $4,850 | $2,300 | +$2,550 (+110.9%) |
| 3BR | $5,295 | $2,300 | +$2,995 (+130.2%) |
| 4BR | $3,400 | $2,792 | +$609 (+21.8%) |
| 4BR | $5,948 | $2,792 | +$3,156 (+113.1%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in January 2024.