Monthly Rent Report
West Loop Rent Report — May 2021
Asking rents in ZIP 60661, Chicago, from 1,882 listings.
Median 1BR rent in West Loop was $2,250 in May 2021, down 10.0% (−$250) from April 2021 and up 7.0% year-over-year. The middle half of 1BR listings asked between $2,124 and $2,375. That puts West Loop $1,002 above the Chicago citywide 1BR median of $1,248. The month's figures are based on 1,882 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2021 | Vs. May 2020 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,692 | +$46 (+2.8%) | −$50 (-2.9%) | $1,692 – $1,692 | 1 |
| Studio | $1,812 | +$166 (+10.1%) | +$70 (+4.0%) | $1,673 – $1,927 | 541 |
| 1BR | $2,250 | −$250 (-10.0%) | +$147 (+7.0%) | $2,124 – $2,375 | 2 |
| 1BR | $2,273 | −$227 (-9.1%) | +$170 (+8.1%) | $2,102 – $2,399 | 738 |
| 2BR | $3,428 | +$229 (+7.1%) | +$235 (+7.3%) | $3,175 – $3,880 | 470 |
| 2BR | $2,600 | −$599 (-18.7%) | −$593 (-18.6%) | $2,600 – $2,800 | 14 |
| 3BR | $4,906 | −$606 (-11.0%) | −$1,030 (-17.4%) | $4,488 – $5,734 | 59 |
| 3BR | $5,534 | +$22 (+0.4%) | −$402 (-6.8%) | $4,488 – $5,734 | 57 |
Median, P25, and P75 are asking rents from listings posted in May 2021. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — May 2021
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,692 | $995 | +$697 (+70.1%) |
| Studio | $1,812 | $995 | +$817 (+82.1%) |
| 1BR | $2,250 | $1,248 | +$1,002 (+80.3%) |
| 1BR | $2,273 | $1,248 | +$1,026 (+82.2%) |
| 2BR | $3,428 | $1,521 | +$1,906 (+125.3%) |
| 2BR | $2,600 | $1,521 | +$1,079 (+70.9%) |
| 3BR | $4,906 | $1,950 | +$2,956 (+151.6%) |
| 3BR | $5,534 | $1,950 | +$3,584 (+183.8%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2021.