Monthly Rent Report
West Loop Rent Report — February 2024
Asking rents in ZIP 60607, Chicago, from 2,446 listings.
Median 1BR rent in West Loop was $3,400 in February 2024, up 21.6% (+$605) from January 2024 and up 31.3% year-over-year. The middle half of 1BR listings asked between $3,400 and $3,400. That puts West Loop $1,900 above the Chicago citywide 1BR median of $1,500. The month's figures are based on 2,446 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2024 | Vs. February 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,872 | +$23 (+1.2%) | +$137 (+7.9%) | $1,858 – $2,048 | 9 |
| Studio | $2,149 | +$300 (+16.2%) | +$414 (+23.9%) | $1,950 – $2,384 | 518 |
| 1BR | $3,400 | +$605 (+21.6%) | +$810 (+31.3%) | $3,400 – $3,400 | 1 |
| 1BR | $2,700 | −$95 (-3.4%) | +$110 (+4.2%) | $2,450 – $2,951 | 985 |
| 2BR | $3,625 | −$82 (-2.2%) | +$214 (+6.3%) | $3,169 – $4,190 | 727 |
| 2BR | $3,998 | +$291 (+7.8%) | +$587 (+17.2%) | $3,849 – $4,749 | 3 |
| 3BR | $7,750 | +$2,900 (+59.8%) | −$2,145 (-21.7%) | $7,750 – $7,750 | 1 |
| 3BR | $4,892 | +$42 (+0.9%) | −$5,003 (-50.6%) | $3,710 – $5,624 | 176 |
| 4BR | $5,800 | +$2,400 (+70.6%) | +$1,600 (+38.1%) | $5,800 – $5,800 | 1 |
| 4BR | $4,500 | +$1,100 (+32.4%) | +$300 (+7.1%) | $3,975 – $8,495 | 19 |
Median, P25, and P75 are asking rents from listings posted in February 2024. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — February 2024
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,872 | $1,211 | +$661 (+54.6%) |
| Studio | $2,149 | $1,211 | +$938 (+77.4%) |
| 1BR | $3,400 | $1,500 | +$1,900 (+126.7%) |
| 1BR | $2,700 | $1,500 | +$1,200 (+80.0%) |
| 2BR | $3,625 | $1,813 | +$1,813 (+100.0%) |
| 2BR | $3,998 | $1,813 | +$2,186 (+120.6%) |
| 3BR | $7,750 | $2,300 | +$5,450 (+237.0%) |
| 3BR | $4,892 | $2,300 | +$2,592 (+112.7%) |
| 4BR | $5,800 | $2,792 | +$3,009 (+107.8%) |
| 4BR | $4,500 | $2,792 | +$1,709 (+61.2%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in February 2024.