Monthly Rent Report
West Loop Rent Report — November 2020
Asking rents in ZIP 60661, Chicago, from 794 listings.
Median 1BR rent in West Loop was $2,147 in November 2020, up 22.8% (+$399) from October 2020 and up 1.2% year-over-year. The middle half of 1BR listings asked between $2,078 and $2,216. That puts West Loop $997 above the Chicago citywide 1BR median of $1,150. The month's figures are based on 794 listings across 4 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2020 | Vs. November 2019 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,464 | −$21 (-1.4%) | −$191 (-11.5%) | $1,310 – $1,750 | 788 |
| 1BR | $2,147 | +$399 (+22.8%) | +$25 (+1.2%) | $2,078 – $2,216 | 4 |
| 2BR | $2,700 | −$12 (-0.4%) | −$509 (-15.9%) | $2,700 – $2,700 | 1 |
| 3BR | $3,535 | −$1,865 (-34.5%) | −$2,004 (-36.2%) | $3,535 – $3,535 | 1 |
Median, P25, and P75 are asking rents from listings posted in November 2020. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — November 2020
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,464 | $955 | +$509 (+53.3%) |
| 1BR | $2,147 | $1,150 | +$997 (+86.7%) |
| 2BR | $2,700 | $1,373 | +$1,328 (+96.7%) |
| 3BR | $3,535 | $1,650 | +$1,885 (+114.2%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in November 2020.