Monthly Rent Report
West Loop Rent Report — June 2024
Asking rents in ZIP 60607, Chicago, from 6,525 listings.
Median 1BR rent in West Loop was $2,448 in June 2024, down 10.9% (−$299) from May 2024 and down 11.7% year-over-year. The middle half of 1BR listings asked between $2,171 and $2,724. That puts West Loop $949 above the Chicago citywide 1BR median of $1,499. The month's figures are based on 6,525 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2024 | Vs. June 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,249 | +$678 (+43.2%) | +$341 (+17.9%) | $2,090 – $2,531 | 820 |
| Studio | $2,249 | +$678 (+43.2%) | +$341 (+17.9%) | $2,088 – $2,550 | 1,362 |
| 1BR | $2,448 | −$299 (-10.9%) | −$323 (-11.7%) | $2,171 – $2,724 | 2 |
| 1BR | $2,856 | +$109 (+3.9%) | +$85 (+3.1%) | $2,550 – $3,090 | 2,492 |
| 2BR | $3,732 | −$142 (-3.7%) | −$111 (-2.9%) | $3,200 – $4,225 | 1,385 |
| 2BR | $3,377 | −$497 (-12.8%) | −$466 (-12.1%) | $3,316 – $3,439 | 2 |
| 3BR | $5,950 | +$1,040 (+21.2%) | +$950 (+19.0%) | $5,950 – $5,950 | 1 |
| 3BR | $4,850 | −$60 (-1.2%) | −$150 (-3.0%) | $3,400 – $5,907 | 388 |
| 4BR | $3,921 | −$229 (-5.5%) | +$421 (+12.0%) | $3,450 – $4,500 | 56 |
| 4BR | $5,800 | +$1,650 (+39.8%) | +$2,300 (+65.7%) | $4,700 – $5,900 | 3 |
Median, P25, and P75 are asking rents from listings posted in June 2024. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — June 2024
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,249 | $1,149 | +$1,100 (+95.7%) |
| Studio | $2,249 | $1,149 | +$1,100 (+95.7%) |
| 1BR | $2,448 | $1,499 | +$949 (+63.3%) |
| 1BR | $2,856 | $1,499 | +$1,357 (+90.5%) |
| 2BR | $3,732 | $1,899 | +$1,833 (+96.6%) |
| 2BR | $3,377 | $1,899 | +$1,478 (+77.9%) |
| 3BR | $5,950 | $2,395 | +$3,555 (+148.4%) |
| 3BR | $4,850 | $2,395 | +$2,455 (+102.5%) |
| 4BR | $3,921 | $2,698 | +$1,223 (+45.3%) |
| 4BR | $5,800 | $2,698 | +$3,103 (+115.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in June 2024.