Monthly Rent Report
West Loop Rent Report — April 2021
Asking rents in ZIP 60661, Chicago, from 2,480 listings.
Median 1BR rent in West Loop was $2,500 in April 2021, up 2.0% (+$50) from March 2021 and up 21.3% year-over-year. The middle half of 1BR listings asked between $2,500 and $2,500. That puts West Loop $1,250 above the Chicago citywide 1BR median of $1,250. The month's figures are based on 2,480 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2021 | Vs. April 2020 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,854 | +$412 (+28.6%) | +$154 (+9.1%) | $1,839 – $1,869 | 6 |
| Studio | $1,646 | +$204 (+14.1%) | −$54 (-3.2%) | $1,372 – $1,847 | 641 |
| 1BR | $2,500 | +$50 (+2.0%) | +$439 (+21.3%) | $2,500 – $2,500 | 1 |
| 1BR | $2,048 | −$402 (-16.4%) | −$13 (-0.6%) | $1,847 – $2,323 | 1,003 |
| 2BR | $2,600 | −$458 (-15.0%) | −$687 (-20.9%) | $2,600 – $2,763 | 20 |
| 2BR | $3,199 | +$141 (+4.6%) | −$88 (-2.7%) | $2,887 – $3,475 | 649 |
| 3BR | $5,512 | −$127 (-2.3%) | −$80 (-1.4%) | $4,888 – $5,712 | 154 |
| 3BR | $3,500 | −$2,139 (-37.9%) | −$2,092 (-37.4%) | $3,500 – $3,500 | 2 |
| 4BR | $3,995 | $0 (0.0%) | — | $3,995 – $3,995 | 2 |
| 4BR | $3,995 | $0 (0.0%) | — | $3,995 – $3,995 | 2 |
Median, P25, and P75 are asking rents from listings posted in April 2021. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — April 2021
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,854 | $1,041 | +$813 (+78.1%) |
| Studio | $1,646 | $1,041 | +$605 (+58.1%) |
| 1BR | $2,500 | $1,250 | +$1,250 (+100.0%) |
| 1BR | $2,048 | $1,250 | +$798 (+63.8%) |
| 2BR | $2,600 | $1,510 | +$1,090 (+72.2%) |
| 2BR | $3,199 | $1,510 | +$1,689 (+111.9%) |
| 3BR | $5,512 | $1,935 | +$3,577 (+184.9%) |
| 3BR | $3,500 | $1,935 | +$1,565 (+80.9%) |
| 4BR | $3,995 | $2,100 | +$1,895 (+90.2%) |
| 4BR | $3,995 | $2,100 | +$1,895 (+90.2%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in April 2021.