Monthly Rent Report
West Loop Rent Report — April 2024
Asking rents in ZIP 60607, Chicago, from 2,364 listings.
Median 1BR rent in West Loop was $2,495 in April 2024, down 8.7% (−$238) from March 2024 and down 9.3% year-over-year. The middle half of 1BR listings asked between $2,495 and $2,495. That puts West Loop $995 above the Chicago citywide 1BR median of $1,500. The month's figures are based on 2,364 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2024 | Vs. April 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,754 | −$1,030 (-37.0%) | −$494 (-22.0%) | $1,594 – $1,875 | 9 |
| Studio | $2,250 | −$534 (-19.2%) | +$2 (+0.1%) | $2,074 – $2,500 | 522 |
| 1BR | $2,495 | −$238 (-8.7%) | −$255 (-9.3%) | $2,495 – $2,495 | 1 |
| 1BR | $2,874 | +$141 (+5.1%) | +$124 (+4.5%) | $2,565 – $3,100 | 900 |
| 2BR | $3,500 | +$228 (+7.0%) | −$160 (-4.4%) | $3,248 – $3,575 | 3 |
| 2BR | $3,800 | +$528 (+16.1%) | +$140 (+3.8%) | $3,196 – $4,294 | 681 |
| 3BR | $6,000 | +$968 (+19.2%) | +$1,450 (+31.9%) | $6,000 – $6,000 | 1 |
| 3BR | $5,000 | −$32 (-0.6%) | +$450 (+9.9%) | $3,200 – $6,250 | 199 |
| 4BR | $3,995 | −$355 (-8.2%) | −$5 (-0.1%) | $3,500 – $4,195 | 29 |
| 4BR | $4,095 | −$255 (-5.9%) | +$95 (+2.4%) | $3,450 – $4,421 | 12 |
Median, P25, and P75 are asking rents from listings posted in April 2024. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — April 2024
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,754 | $1,222 | +$532 (+43.5%) |
| Studio | $2,250 | $1,222 | +$1,028 (+84.1%) |
| 1BR | $2,495 | $1,500 | +$995 (+66.3%) |
| 1BR | $2,874 | $1,500 | +$1,374 (+91.6%) |
| 2BR | $3,500 | $1,850 | +$1,650 (+89.2%) |
| 2BR | $3,800 | $1,850 | +$1,950 (+105.4%) |
| 3BR | $6,000 | $2,300 | +$3,700 (+160.9%) |
| 3BR | $5,000 | $2,300 | +$2,700 (+117.4%) |
| 4BR | $3,995 | $2,800 | +$1,195 (+42.7%) |
| 4BR | $4,095 | $2,800 | +$1,295 (+46.3%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in April 2024.