Monthly Rent Report
West Loop Rent Report — September 2024
Asking rents in ZIP 60607, Chicago, from 835 listings.
Median 1BR rent in West Loop was $2,390 in September 2024, up 32.2% (+$582) from August 2024 and up 6.7% year-over-year. The middle half of 1BR listings asked between $2,390 and $2,390. That puts West Loop $895 above the Chicago citywide 1BR median of $1,495. The month's figures are based on 835 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2024 | Vs. September 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,235 | +$160 (+7.7%) | +$462 (+26.1%) | $2,011 – $2,378 | 804 |
| 1BR | $2,390 | +$582 (+32.2%) | +$150 (+6.7%) | $2,390 – $2,390 | 1 |
| 1BR | $2,649 | +$841 (+46.5%) | +$409 (+18.3%) | $2,432 – $2,895 | 6 |
| 2BR | $3,400 | −$1,600 (-32.0%) | +$227 (+7.2%) | $3,400 – $3,400 | 1 |
| 2BR | $2,367 | −$2,633 (-52.7%) | −$806 (-25.4%) | $1,934 – $2,800 | 4 |
| 3BR | $5,500 | +$1,800 (+48.6%) | −$995 (-15.3%) | $5,500 – $5,500 | 1 |
| 3BR | $5,000 | +$1,300 (+35.1%) | −$1,495 (-23.0%) | $4,047 – $5,000 | 11 |
| 4BR | $4,195 | −$15,800 (-79.0%) | +$795 (+23.4%) | $2,006 – $4,445 | 6 |
Median, P25, and P75 are asking rents from listings posted in September 2024. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — September 2024
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,235 | $1,195 | +$1,040 (+87.0%) |
| 1BR | $2,390 | $1,495 | +$895 (+59.9%) |
| 1BR | $2,649 | $1,495 | +$1,154 (+77.2%) |
| 2BR | $3,400 | $1,843 | +$1,558 (+84.5%) |
| 2BR | $2,367 | $1,843 | +$525 (+28.5%) |
| 3BR | $5,500 | $2,350 | +$3,150 (+134.0%) |
| 3BR | $5,000 | $2,350 | +$2,650 (+112.8%) |
| 4BR | $4,195 | $2,750 | +$1,445 (+52.5%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in September 2024.