Monthly Rent Report
West Loop Rent Report — October 2020
Asking rents in ZIP 60661, Chicago, from 3,115 listings.
Median 1BR rent in West Loop was $1,500 in October 2020, down 20.0% (−$374) from September 2020 and down 27.3% year-over-year. The middle half of 1BR listings asked between $1,500 and $1,500. That puts West Loop $189 above the Chicago citywide 1BR median of $1,311. The month's figures are based on 3,115 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2020 | Vs. October 2019 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,447 | −$63 (-4.2%) | −$232 (-13.8%) | $1,275 – $1,661 | 349 |
| Studio | $1,485 | −$25 (-1.7%) | −$194 (-11.6%) | $1,295 – $1,737 | 1,936 |
| 1BR | $1,500 | −$374 (-20.0%) | −$563 (-27.3%) | $1,500 – $1,500 | 1 |
| 1BR | $1,748 | −$126 (-6.7%) | −$315 (-15.3%) | $1,565 – $2,070 | 576 |
| 2BR | $2,712 | −$278 (-9.3%) | −$387 (-12.5%) | $2,466 – $3,030 | 220 |
| 2BR | $2,595 | −$395 (-13.2%) | −$504 (-16.3%) | $2,595 – $2,595 | 1 |
| 3BR | $5,400 | −$39 (-0.7%) | −$139 (-2.5%) | $5,400 – $5,589 | 31 |
| 3BR | $3,879 | −$1,560 (-28.7%) | −$1,660 (-30.0%) | $3,879 – $3,879 | 1 |
Median, P25, and P75 are asking rents from listings posted in October 2020. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — October 2020
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,447 | $1,103 | +$344 (+31.2%) |
| Studio | $1,485 | $1,103 | +$382 (+34.7%) |
| 1BR | $1,500 | $1,311 | +$189 (+14.4%) |
| 1BR | $1,748 | $1,311 | +$437 (+33.3%) |
| 2BR | $2,712 | $1,500 | +$1,212 (+80.8%) |
| 2BR | $2,595 | $1,500 | +$1,095 (+73.0%) |
| 3BR | $5,400 | $1,860 | +$3,540 (+190.3%) |
| 3BR | $3,879 | $1,860 | +$2,019 (+108.5%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in October 2020.