Monthly Rent Report
West Loop Rent Report — November 2024
Asking rents in ZIP 60607, Chicago, from 302 listings.
Median 1BR rent in West Loop was $2,626 in November 2024, up 47.9% (+$851) from October 2024 and up 1.0% year-over-year. The middle half of 1BR listings asked between $2,441 and $3,116. That puts West Loop $1,051 above the Chicago citywide 1BR median of $1,575. The month's figures are based on 302 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2024 | Vs. November 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,220 | +$165 (+8.0%) | +$54 (+2.5%) | $2,030 – $2,258 | 39 |
| Studio | $2,930 | +$875 (+42.6%) | +$764 (+35.3%) | $2,930 – $2,930 | 1 |
| 1BR | $2,626 | +$851 (+47.9%) | +$26 (+1.0%) | $2,441 – $3,116 | 142 |
| 1BR | $2,099 | +$324 (+18.3%) | −$501 (-19.3%) | $2,099 – $2,099 | 1 |
| 2BR | $3,953 | +$753 (+23.5%) | +$703 (+21.6%) | $2,900 – $4,450 | 82 |
| 2BR | $2,820 | −$380 (-11.9%) | −$430 (-13.2%) | $2,820 – $2,820 | 1 |
| 3BR | $7,365 | +$2,815 (+61.9%) | −$2,880 (-28.1%) | $7,365 – $7,365 | 1 |
| 3BR | $5,000 | +$450 (+9.9%) | −$5,245 (-51.2%) | $3,395 – $5,000 | 22 |
| 4BR | $4,000 | +$225 (+6.0%) | +$600 (+17.6%) | $4,000 – $4,000 | 5 |
| 4BR | $4,000 | +$225 (+6.0%) | +$600 (+17.6%) | $4,000 – $4,000 | 1 |
Median, P25, and P75 are asking rents from listings posted in November 2024. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — November 2024
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,220 | $1,292 | +$928 (+71.8%) |
| Studio | $2,930 | $1,292 | +$1,638 (+126.8%) |
| 1BR | $2,626 | $1,575 | +$1,051 (+66.7%) |
| 1BR | $2,099 | $1,575 | +$524 (+33.3%) |
| 2BR | $3,953 | $1,945 | +$2,008 (+103.2%) |
| 2BR | $2,820 | $1,945 | +$875 (+45.0%) |
| 3BR | $7,365 | $2,200 | +$5,165 (+234.8%) |
| 3BR | $5,000 | $2,200 | +$2,800 (+127.3%) |
| 4BR | $4,000 | $2,990 | +$1,010 (+33.8%) |
| 4BR | $4,000 | $2,990 | +$1,010 (+33.8%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in November 2024.