Monthly Rent Report
West Loop Rent Report — June 2020
Asking rents in ZIP 60661, Chicago, from 16,406 listings.
Median 1BR rent in West Loop was $2,099 in June 2020, down 0.2% (−$4) from May 2020 and down 10.7% year-over-year. The middle half of 1BR listings asked between $1,775 and $2,349. That puts West Loop $902 above the Chicago citywide 1BR median of $1,198. The month's figures are based on 16,406 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2020 | Vs. June 2019 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,699 | −$43 (-2.5%) | −$247 (-12.7%) | $1,505 – $1,826 | 2,986 |
| Studio | $1,702 | −$40 (-2.3%) | −$244 (-12.5%) | $1,505 – $1,832 | 2,418 |
| 1BR | $2,099 | −$4 (-0.2%) | −$251 (-10.7%) | $1,775 – $2,349 | 4,082 |
| 1BR | $2,099 | −$4 (-0.2%) | −$251 (-10.7%) | $1,775 – $2,346 | 3,279 |
| 2BR | $3,130 | −$63 (-2.0%) | −$222 (-6.6%) | $2,767 – $3,512 | 1,647 |
| 2BR | $3,130 | −$63 (-2.0%) | −$222 (-6.6%) | $2,767 – $3,512 | 1,356 |
| 3BR | $5,776 | −$90 (-1.5%) | +$562 (+10.8%) | $4,874 – $6,050 | 285 |
| 3BR | $5,776 | −$90 (-1.5%) | +$562 (+10.8%) | $4,874 – $6,050 | 350 |
| 4BR | $4,150 | — | −$595 (-12.5%) | $4,150 – $4,150 | 1 |
| 4BR | $4,150 | — | −$595 (-12.5%) | $4,150 – $4,150 | 2 |
Median, P25, and P75 are asking rents from listings posted in June 2020. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — June 2020
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,699 | $1,050 | +$649 (+61.8%) |
| Studio | $1,702 | $1,050 | +$652 (+62.1%) |
| 1BR | $2,099 | $1,198 | +$902 (+75.3%) |
| 1BR | $2,099 | $1,198 | +$902 (+75.3%) |
| 2BR | $3,130 | $1,500 | +$1,630 (+108.7%) |
| 2BR | $3,130 | $1,500 | +$1,630 (+108.7%) |
| 3BR | $5,776 | $1,839 | +$3,937 (+214.1%) |
| 3BR | $5,776 | $1,839 | +$3,937 (+214.1%) |
| 4BR | $4,150 | $2,345 | +$1,805 (+77.0%) |
| 4BR | $4,150 | $2,345 | +$1,805 (+77.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in June 2020.