Monthly Rent Report
West Loop Rent Report — December 2020
Asking rents in ZIP 60661, Chicago, from 16 listings.
Median 1BR rent in West Loop was $2,267 in December 2020, up 5.6% (+$120) from November 2020 and up 7.0% year-over-year. The middle half of 1BR listings asked between $2,045 and $2,418. That puts West Loop $1,137 above the Chicago citywide 1BR median of $1,130. The month's figures are based on 16 listings across 5 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2020 | Vs. December 2019 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,779 | +$315 (+21.5%) | +$79 (+4.6%) | $1,779 – $1,779 | 1 |
| 1BR | $2,267 | +$120 (+5.6%) | +$149 (+7.0%) | $2,045 – $2,418 | 4 |
| 2BR | $2,800 | +$100 (+3.7%) | −$410 (-12.8%) | $2,800 – $2,800 | 5 |
| 3BR | $4,556 | +$1,021 (+28.9%) | −$964 (-17.5%) | $4,403 – $4,708 | 2 |
| 4BR | $3,995 | — | — | $3,995 – $3,995 | 4 |
Median, P25, and P75 are asking rents from listings posted in December 2020. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — December 2020
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,779 | $950 | +$829 (+87.3%) |
| 1BR | $2,267 | $1,130 | +$1,137 (+100.6%) |
| 2BR | $2,800 | $1,500 | +$1,300 (+86.7%) |
| 3BR | $4,556 | $1,750 | +$2,806 (+160.3%) |
| 4BR | $3,995 | $2,175 | +$1,820 (+83.7%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in December 2020.