Monthly Rent Report
West Loop Rent Report — August 2024
Asking rents in ZIP 60607, Chicago, from 24 listings.
Median 1BR rent in West Loop was $2,415 in August 2024, down 24.5% (−$785) from July 2024 and up 1.9% year-over-year. The middle half of 1BR listings asked between $2,415 and $2,415. That puts West Loop $877 above the Chicago citywide 1BR median of $1,538. The month's figures are based on 24 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,075 | −$142 (-6.4%) | +$15 (+0.7%) | $2,075 – $2,075 | 1 |
| Studio | $2,838 | +$621 (+28.0%) | +$778 (+37.7%) | $2,831 – $2,844 | 2 |
| 1BR | $2,415 | −$785 (-24.5%) | +$46 (+1.9%) | $2,415 – $2,415 | 8 |
| 1BR | $1,808 | −$1,392 (-43.5%) | −$561 (-23.7%) | $1,808 – $1,808 | 1 |
| 2BR | $5,000 | +$1,100 (+28.2%) | +$1,783 (+55.4%) | $5,000 – $5,000 | 2 |
| 2BR | $3,400 | −$500 (-12.8%) | +$183 (+5.7%) | $3,350 – $3,450 | 2 |
| 3BR | $5,995 | +$969 (+19.3%) | +$995 (+19.9%) | $5,995 – $5,995 | 1 |
| 3BR | $3,700 | −$1,326 (-26.4%) | −$1,300 (-26.0%) | $3,120 – $3,700 | 5 |
| 4BR | $19,995 | +$15,495 (+344.3%) | +$17,095 (+589.5%) | $19,995 – $19,995 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — August 2024
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,075 | $1,190 | +$885 (+74.4%) |
| Studio | $2,838 | $1,190 | +$1,648 (+138.4%) |
| 1BR | $2,415 | $1,538 | +$877 (+57.0%) |
| 1BR | $1,808 | $1,538 | +$270 (+17.6%) |
| 2BR | $5,000 | $1,823 | +$3,178 (+174.3%) |
| 2BR | $3,400 | $1,823 | +$1,578 (+86.6%) |
| 3BR | $5,995 | $2,300 | +$3,695 (+160.7%) |
| 3BR | $3,700 | $2,300 | +$1,400 (+60.9%) |
| 4BR | $19,995 | $2,995 | +$17,000 (+567.6%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2024.