Monthly Rent Report
West Loop Rent Report — December 2024
Asking rents in ZIP 60607, Chicago, from 91 listings.
Median 1BR rent in West Loop was $1,827 in December 2024, down 13.0% (−$272) from November 2024 and down 20.1% year-over-year. The middle half of 1BR listings asked between $1,827 and $1,827. That puts West Loop $177 above the Chicago citywide 1BR median of $1,650. The month's figures are based on 91 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2024 | Vs. December 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,945 | −$985 (-33.6%) | −$208 (-9.7%) | $1,746 – $1,994 | 6 |
| Studio | $1,975 | −$955 (-32.6%) | −$178 (-8.3%) | $1,975 – $2,136 | 3 |
| 1BR | $1,827 | −$272 (-13.0%) | −$461 (-20.1%) | $1,827 – $1,827 | 1 |
| 1BR | $2,588 | +$489 (+23.3%) | +$300 (+13.1%) | $2,299 – $2,694 | 30 |
| 2BR | $3,530 | +$710 (+25.2%) | +$300 (+9.3%) | $2,900 – $3,900 | 32 |
| 2BR | $3,150 | +$330 (+11.7%) | −$80 (-2.5%) | $3,150 – $3,150 | 1 |
| 3BR | $4,000 | −$1,000 (-20.0%) | −$2,629 (-39.7%) | $3,921 – $4,000 | 6 |
| 3BR | $9,425 | +$4,425 (+88.5%) | +$2,796 (+42.2%) | $7,199 – $9,960 | 3 |
| 4BR | $4,500 | +$500 (+12.5%) | +$1,100 (+32.4%) | $4,500 – $4,500 | 2 |
| 4BR | $4,500 | +$500 (+12.5%) | +$1,100 (+32.4%) | $4,500 – $4,500 | 2 |
Median, P25, and P75 are asking rents from listings posted in December 2024. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — December 2024
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,945 | $1,385 | +$560 (+40.4%) |
| Studio | $1,975 | $1,385 | +$590 (+42.6%) |
| 1BR | $1,827 | $1,650 | +$177 (+10.7%) |
| 1BR | $2,588 | $1,650 | +$938 (+56.8%) |
| 2BR | $3,530 | $1,953 | +$1,578 (+80.8%) |
| 2BR | $3,150 | $1,953 | +$1,198 (+61.3%) |
| 3BR | $4,000 | $2,395 | +$1,605 (+67.0%) |
| 3BR | $9,425 | $2,395 | +$7,030 (+293.5%) |
| 4BR | $4,500 | $2,850 | +$1,650 (+57.9%) |
| 4BR | $4,500 | $2,850 | +$1,650 (+57.9%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in December 2024.