Monthly Rent Report
West Loop Rent Report — September 2020
Asking rents in ZIP 60661, Chicago, from 16,441 listings.
Median 1BR rent in West Loop was $1,874 in September 2020, down 7.5% (−$152) from August 2020 and down 19.9% year-over-year. The middle half of 1BR listings asked between $1,650 and $2,199. That puts West Loop $677 above the Chicago citywide 1BR median of $1,198. The month's figures are based on 16,441 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2020 | Vs. September 2019 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,510 | −$61 (-3.9%) | −$535 (-26.2%) | $1,285 – $1,697 | 2,807 |
| Studio | $1,510 | −$61 (-3.9%) | −$535 (-26.2%) | $1,285 – $1,697 | 2,807 |
| 1BR | $1,874 | −$152 (-7.5%) | −$467 (-19.9%) | $1,650 – $2,199 | 4,411 |
| 1BR | $1,874 | −$152 (-7.5%) | −$467 (-19.9%) | $1,650 – $2,199 | 4,411 |
| 2BR | $2,769 | −$326 (-10.5%) | −$231 (-7.7%) | $2,525 – $3,284 | 1,606 |
| 2BR | $2,990 | −$105 (-3.4%) | −$10 (-0.3%) | $2,990 – $2,990 | 1 |
| 3BR | $5,439 | +$825 (+17.9%) | −$316 (-5.5%) | $4,655 – $5,589 | 199 |
| 3BR | $5,439 | +$825 (+17.9%) | −$316 (-5.5%) | $4,655 – $5,589 | 199 |
Median, P25, and P75 are asking rents from listings posted in September 2020. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — September 2020
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,510 | $980 | +$530 (+54.1%) |
| Studio | $1,510 | $980 | +$530 (+54.1%) |
| 1BR | $1,874 | $1,198 | +$677 (+56.5%) |
| 1BR | $1,874 | $1,198 | +$677 (+56.5%) |
| 2BR | $2,769 | $1,475 | +$1,294 (+87.7%) |
| 2BR | $2,990 | $1,475 | +$1,515 (+102.7%) |
| 3BR | $5,439 | $1,699 | +$3,740 (+220.2%) |
| 3BR | $5,439 | $1,699 | +$3,740 (+220.2%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in September 2020.