Monthly Rent Report
West Loop Rent Report — July 2024
Asking rents in ZIP 60607, Chicago, from 1,572 listings.
Median 1BR rent in West Loop was $2,821 in July 2024, down 1.2% (−$34) from June 2024 and down 1.0% year-over-year. The middle half of 1BR listings asked between $2,541 and $3,000. That puts West Loop $1,261 above the Chicago citywide 1BR median of $1,560. The month's figures are based on 1,572 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2024 | Vs. July 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,125 | +$876 (+39.0%) | +$936 (+42.8%) | $3,125 – $3,125 | 1 |
| Studio | $2,217 | −$32 (-1.4%) | +$28 (+1.3%) | $2,091 – $2,502 | 471 |
| 1BR | $2,821 | −$34 (-1.2%) | −$29 (-1.0%) | $2,541 – $3,000 | 952 |
| 1BR | $3,200 | +$345 (+12.1%) | +$350 (+12.3%) | $3,200 – $3,200 | 1 |
| 2BR | $2,402 | −$1,330 (-35.7%) | −$930 (-27.9%) | $1,948 – $2,855 | 2 |
| 2BR | $3,900 | +$168 (+4.5%) | +$569 (+17.1%) | $3,900 – $3,900 | 1 |
| 3BR | $5,026 | −$924 (-15.5%) | −$4,769 (-48.7%) | $4,140 – $6,419 | 124 |
| 3BR | $6,000 | +$50 (+0.8%) | −$3,795 (-38.7%) | $6,000 – $6,000 | 1 |
| 4BR | $3,500 | −$420 (-10.7%) | −$45 (-1.3%) | $3,400 – $3,798 | 7 |
| 4BR | $4,500 | +$580 (+14.8%) | +$955 (+26.9%) | $3,895 – $5,250 | 7 |
Median, P25, and P75 are asking rents from listings posted in July 2024. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — July 2024
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,125 | $1,218 | +$1,907 (+156.5%) |
| Studio | $2,217 | $1,218 | +$999 (+82.0%) |
| 1BR | $2,821 | $1,560 | +$1,261 (+80.8%) |
| 1BR | $3,200 | $1,560 | +$1,640 (+105.1%) |
| 2BR | $2,402 | $1,805 | +$597 (+33.0%) |
| 2BR | $3,900 | $1,805 | +$2,095 (+116.1%) |
| 3BR | $5,026 | $2,363 | +$2,664 (+112.7%) |
| 3BR | $6,000 | $2,363 | +$3,638 (+154.0%) |
| 4BR | $3,500 | $2,789 | +$711 (+25.5%) |
| 4BR | $4,500 | $2,789 | +$1,711 (+61.3%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in July 2024.