Monthly Rent Report
West Loop Rent Report — August 2020
Asking rents in ZIP 60661, Chicago, from 15,172 listings.
Median 1BR rent in West Loop was $2,026 in August 2020, down 3.5% (−$73) from July 2020 and down 3.1% year-over-year. The middle half of 1BR listings asked between $1,705 and $2,334. That puts West Loop $784 above the Chicago citywide 1BR median of $1,243. The month's figures are based on 15,172 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2020 | Vs. August 2019 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,571 | −$104 (-6.2%) | −$64 (-3.9%) | $1,355 – $1,799 | 3,040 |
| Studio | $1,548 | −$127 (-7.6%) | −$87 (-5.4%) | $1,345 – $1,767 | 1,704 |
| 1BR | $2,026 | −$73 (-3.5%) | −$64 (-3.1%) | $1,705 – $2,334 | 4,809 |
| 1BR | $2,000 | −$99 (-4.7%) | −$90 (-4.3%) | $1,695 – $2,286 | 2,702 |
| 2BR | $2,997 | −$210 (-6.5%) | −$195 (-6.1%) | $2,584 – $3,519 | 886 |
| 2BR | $3,095 | −$112 (-3.5%) | −$97 (-3.0%) | $2,619 – $3,519 | 1,580 |
| 3BR | $4,500 | −$998 (-18.2%) | −$406 (-8.3%) | $4,220 – $5,589 | 154 |
| 3BR | $4,614 | −$884 (-16.1%) | −$292 (-6.0%) | $4,304 – $5,589 | 295 |
| 4BR | $4,195 | — | — | $4,195 – $4,195 | 1 |
| 4BR | $4,195 | — | — | $4,195 – $4,195 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2020. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — August 2020
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,571 | $1,001 | +$570 (+56.9%) |
| Studio | $1,548 | $1,001 | +$547 (+54.6%) |
| 1BR | $2,026 | $1,243 | +$784 (+63.1%) |
| 1BR | $2,000 | $1,243 | +$758 (+61.0%) |
| 2BR | $2,997 | $1,590 | +$1,407 (+88.5%) |
| 2BR | $3,095 | $1,590 | +$1,505 (+94.7%) |
| 3BR | $4,500 | $1,800 | +$2,700 (+150.0%) |
| 3BR | $4,614 | $1,800 | +$2,814 (+156.3%) |
| 4BR | $4,195 | $2,323 | +$1,873 (+80.6%) |
| 4BR | $4,195 | $2,323 | +$1,873 (+80.6%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2020.