Monthly Rent Report
West Loop Rent Report — February 2021
Asking rents in ZIP 60661, Chicago, from 103 listings.
Median 1BR rent in West Loop was $2,296 in February 2021, up 1.3% (+$29) from January 2021 and down 0.2% year-over-year. The middle half of 1BR listings asked between $1,991 and $2,533. That puts West Loop $1,098 above the Chicago citywide 1BR median of $1,198. The month's figures are based on 103 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2021 | Vs. February 2020 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,839 | +$60 (+3.4%) | −$161 (-8.1%) | $1,839 – $1,869 | 5 |
| Studio | $1,451 | −$328 (-18.5%) | −$549 (-27.5%) | $1,210 – $1,873 | 22 |
| 1BR | $2,296 | +$29 (+1.3%) | −$4 (-0.2%) | $1,991 – $2,533 | 38 |
| 1BR | $2,534 | +$268 (+11.8%) | +$234 (+10.2%) | $2,500 – $2,553 | 5 |
| 2BR | $3,192 | +$617 (+24.0%) | −$84 (-2.6%) | $2,599 – $3,331 | 10 |
| 2BR | $2,995 | +$420 (+16.3%) | −$281 (-8.6%) | $2,450 – $3,103 | 16 |
| 3BR | $4,445 | −$110 (-2.4%) | −$328 (-6.9%) | $4,399 – $4,543 | 3 |
| 3BR | $5,380 | +$825 (+18.1%) | +$607 (+12.7%) | $5,055 – $5,573 | 3 |
| 4BR | $3,995 | — | — | $3,995 – $3,995 | 1 |
Median, P25, and P75 are asking rents from listings posted in February 2021. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — February 2021
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,839 | $1,013 | +$827 (+81.6%) |
| Studio | $1,451 | $1,013 | +$438 (+43.3%) |
| 1BR | $2,296 | $1,198 | +$1,098 (+91.6%) |
| 1BR | $2,534 | $1,198 | +$1,336 (+111.5%) |
| 2BR | $3,192 | $1,411 | +$1,781 (+126.2%) |
| 2BR | $2,995 | $1,411 | +$1,584 (+112.2%) |
| 3BR | $4,445 | $1,785 | +$2,660 (+149.0%) |
| 3BR | $5,380 | $1,785 | +$3,595 (+201.4%) |
| 4BR | $3,995 | $2,250 | +$1,745 (+77.6%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in February 2021.