Monthly Rent Report
West Loop Rent Report — July 2020
Asking rents in ZIP 60661, Chicago, from 18,626 listings.
Median 1BR rent in West Loop was $2,099 in July 2020, flat versus June 2020 and down 12.5% year-over-year. The middle half of 1BR listings asked between $1,710 and $2,379. That puts West Loop $907 above the Chicago citywide 1BR median of $1,193. The month's figures are based on 18,626 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2020 | Vs. July 2019 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,675 | −$24 (-1.4%) | +$20 (+1.2%) | $1,440 – $1,812 | 3,061 |
| Studio | $1,675 | −$24 (-1.4%) | +$20 (+1.2%) | $1,440 – $1,812 | 3,061 |
| 1BR | $2,099 | $0 (0.0%) | −$301 (-12.5%) | $1,710 – $2,379 | 4,418 |
| 1BR | $2,099 | $0 (0.0%) | −$301 (-12.5%) | $1,710 – $2,379 | 4,418 |
| 2BR | $3,207 | +$77 (+2.5%) | −$128 (-3.8%) | $2,864 – $3,652 | 1,564 |
| 2BR | $3,207 | +$77 (+2.5%) | −$128 (-3.8%) | $2,864 – $3,652 | 1,564 |
| 3BR | $5,498 | −$278 (-4.8%) | −$256 (-4.4%) | $4,622 – $5,940 | 270 |
| 3BR | $5,498 | −$278 (-4.8%) | −$256 (-4.4%) | $4,622 – $5,940 | 270 |
Median, P25, and P75 are asking rents from listings posted in July 2020. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — July 2020
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,675 | $979 | +$696 (+71.1%) |
| Studio | $1,675 | $979 | +$696 (+71.1%) |
| 1BR | $2,099 | $1,193 | +$907 (+76.0%) |
| 1BR | $2,099 | $1,193 | +$907 (+76.0%) |
| 2BR | $3,207 | $1,529 | +$1,678 (+109.8%) |
| 2BR | $3,207 | $1,529 | +$1,678 (+109.8%) |
| 3BR | $5,498 | $1,818 | +$3,681 (+202.5%) |
| 3BR | $5,498 | $1,818 | +$3,681 (+202.5%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in July 2020.