Monthly Rent Report
West Loop Rent Report — March 2024
Asking rents in ZIP 60607, Chicago, from 2,908 listings.
Median 1BR rent in West Loop was $2,733 in March 2024, down 19.6% (−$667) from February 2024 and up 13.0% year-over-year. The middle half of 1BR listings asked between $2,492 and $2,965. That puts West Loop $1,229 above the Chicago citywide 1BR median of $1,505. The month's figures are based on 2,908 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,784 | +$635 (+29.5%) | +$909 (+48.5%) | $2,784 – $2,784 | 1 |
| Studio | $2,231 | +$82 (+3.8%) | +$356 (+19.0%) | $2,043 – $2,490 | 590 |
| 1BR | $2,733 | −$667 (-19.6%) | +$315 (+13.0%) | $2,492 – $2,965 | 1,222 |
| 1BR | $2,954 | −$446 (-13.1%) | +$536 (+22.2%) | $2,954 – $2,954 | 1 |
| 2BR | $3,750 | +$125 (+3.4%) | +$73 (+2.0%) | $3,150 – $4,210 | 825 |
| 2BR | $3,273 | −$352 (-9.7%) | −$404 (-11.0%) | $2,571 – $3,650 | 4 |
| 3BR | $3,700 | −$1,191 (-24.4%) | −$9,472 (-71.9%) | $3,700 – $3,700 | 1 |
| 3BR | $5,032 | +$141 (+2.9%) | −$8,140 (-61.8%) | $3,800 – $6,250 | 197 |
| 4BR | $4,350 | −$150 (-3.3%) | −$797 (-15.5%) | $4,046 – $5,706 | 32 |
| 4BR | $4,300 | −$200 (-4.4%) | −$847 (-16.5%) | $4,195 – $5,700 | 19 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — March 2024
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,784 | $1,225 | +$1,559 (+127.3%) |
| Studio | $2,231 | $1,225 | +$1,006 (+82.1%) |
| 1BR | $2,733 | $1,505 | +$1,229 (+81.7%) |
| 1BR | $2,954 | $1,505 | +$1,450 (+96.3%) |
| 2BR | $3,750 | $1,900 | +$1,850 (+97.4%) |
| 2BR | $3,273 | $1,900 | +$1,373 (+72.2%) |
| 3BR | $3,700 | $2,250 | +$1,450 (+64.4%) |
| 3BR | $5,032 | $2,250 | +$2,782 (+123.6%) |
| 4BR | $4,350 | $2,650 | +$1,700 (+64.2%) |
| 4BR | $4,300 | $2,650 | +$1,650 (+62.3%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in March 2024.