Monthly Rent Report
West Loop Rent Report — March 2021
Asking rents in ZIP 60661, Chicago, from 2,697 listings.
Median 1BR rent in West Loop was $2,450 in March 2021, up 6.7% (+$155) from February 2021 and up 12.0% year-over-year. The middle half of 1BR listings asked between $2,350 and $2,539. That puts West Loop $1,238 above the Chicago citywide 1BR median of $1,213. The month's figures are based on 2,697 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2021 | Vs. March 2020 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,442 | −$397 (-21.6%) | −$340 (-19.1%) | $1,290 – $1,694 | 739 |
| Studio | $1,854 | +$15 (+0.8%) | +$72 (+4.0%) | $1,829 – $1,899 | 4 |
| 1BR | $2,450 | +$155 (+6.7%) | +$263 (+12.0%) | $2,350 – $2,539 | 8 |
| 1BR | $1,995 | −$300 (-13.1%) | −$192 (-8.8%) | $1,691 – $2,384 | 1,207 |
| 2BR | $3,058 | +$63 (+2.1%) | −$276 (-8.3%) | $2,665 – $3,597 | 592 |
| 2BR | $2,800 | −$195 (-6.5%) | −$534 (-16.0%) | $2,600 – $3,022 | 13 |
| 3BR | $3,500 | −$1,880 (-34.9%) | −$2,039 (-36.8%) | $3,500 – $3,500 | 1 |
| 3BR | $5,639 | +$259 (+4.8%) | +$100 (+1.8%) | $5,400 – $6,099 | 128 |
| 4BR | $3,995 | $0 (0.0%) | — | $3,995 – $3,995 | 5 |
Median, P25, and P75 are asking rents from listings posted in March 2021. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — March 2021
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,442 | $1,025 | +$417 (+40.7%) |
| Studio | $1,854 | $1,025 | +$829 (+80.9%) |
| 1BR | $2,450 | $1,213 | +$1,238 (+102.1%) |
| 1BR | $1,995 | $1,213 | +$783 (+64.5%) |
| 2BR | $3,058 | $1,545 | +$1,513 (+97.9%) |
| 2BR | $2,800 | $1,545 | +$1,255 (+81.2%) |
| 3BR | $3,500 | $1,945 | +$1,555 (+79.9%) |
| 3BR | $5,639 | $1,945 | +$3,694 (+189.9%) |
| 4BR | $3,995 | $2,300 | +$1,695 (+73.7%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in March 2021.