Monthly Rent Report
West Loop Rent Report — October 2024
Asking rents in ZIP 60607, Chicago, from 162 listings.
Median 1BR rent in West Loop was $1,775 in October 2024, down 33.0% (−$874) from September 2024 and down 16.4% year-over-year. The middle half of 1BR listings asked between $1,775 and $1,775. That puts West Loop $339 above the Chicago citywide 1BR median of $1,437. The month's figures are based on 162 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2024 | Vs. October 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,055 | −$180 (-8.1%) | +$111 (+5.7%) | $1,935 – $2,130 | 35 |
| Studio | $2,850 | +$615 (+27.5%) | +$906 (+46.6%) | $2,850 – $2,850 | 1 |
| 1BR | $1,775 | −$874 (-33.0%) | −$348 (-16.4%) | $1,775 – $1,775 | 1 |
| 1BR | $2,390 | −$259 (-9.8%) | +$266 (+12.5%) | $2,200 – $2,531 | 74 |
| 2BR | $2,950 | +$583 (+24.6%) | −$63 (-2.1%) | $2,300 – $3,491 | 24 |
| 2BR | $3,200 | +$833 (+35.2%) | +$187 (+6.2%) | $3,200 – $3,200 | 1 |
| 3BR | $4,550 | −$950 (-17.3%) | +$600 (+15.2%) | $2,831 – $4,959 | 18 |
| 3BR | $2,082 | −$3,418 (-62.1%) | −$1,868 (-47.3%) | $2,082 – $2,082 | 1 |
| 4BR | $3,775 | −$420 (-10.0%) | −$7,725 (-67.2%) | $3,775 – $3,775 | 1 |
| 4BR | $4,048 | −$147 (-3.5%) | −$7,452 (-64.8%) | $4,000 – $4,145 | 4 |
Median, P25, and P75 are asking rents from listings posted in October 2024. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — October 2024
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,055 | $1,298 | +$758 (+58.4%) |
| Studio | $2,850 | $1,298 | +$1,553 (+119.7%) |
| 1BR | $1,775 | $1,437 | +$339 (+23.6%) |
| 1BR | $2,390 | $1,437 | +$953 (+66.3%) |
| 2BR | $2,950 | $1,770 | +$1,181 (+66.7%) |
| 2BR | $3,200 | $1,770 | +$1,431 (+80.8%) |
| 3BR | $4,550 | $2,305 | +$2,245 (+97.4%) |
| 3BR | $2,082 | $2,305 | −$223 (-9.7%) |
| 4BR | $3,775 | $2,995 | +$780 (+26.0%) |
| 4BR | $4,048 | $2,995 | +$1,053 (+35.1%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in October 2024.