Monthly Rent Report
West Loop Rent Report — June 2021
Asking rents in ZIP 60661, Chicago, from 2,762 listings.
Median 1BR rent in West Loop was $2,297 in June 2021, up 2.1% (+$48) from May 2021 and up 9.4% year-over-year. The middle half of 1BR listings asked between $2,125 and $2,410. That puts West Loop $1,057 above the Chicago citywide 1BR median of $1,240. The month's figures are based on 2,762 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2021 | Vs. June 2020 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,947 | +$255 (+15.1%) | +$245 (+14.4%) | $1,910 – $1,985 | 2 |
| Studio | $1,857 | +$165 (+9.8%) | +$155 (+9.1%) | $1,743 – $1,953 | 709 |
| 1BR | $2,297 | +$48 (+2.1%) | +$198 (+9.4%) | $2,125 – $2,410 | 1,140 |
| 1BR | $2,466 | +$217 (+9.6%) | +$367 (+17.5%) | $2,433 – $2,483 | 3 |
| 2BR | $2,100 | −$500 (-19.2%) | −$1,030 (-32.9%) | $2,100 – $2,450 | 3 |
| 2BR | $3,450 | +$850 (+32.7%) | +$320 (+10.2%) | $3,177 – $3,874 | 696 |
| 3BR | $4,250 | −$656 (-13.4%) | −$1,526 (-26.4%) | $4,250 – $4,250 | 1 |
| 3BR | $5,734 | +$828 (+16.9%) | −$42 (-0.7%) | $5,534 – $6,099 | 208 |
Median, P25, and P75 are asking rents from listings posted in June 2021. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — June 2021
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,947 | $1,085 | +$862 (+79.4%) |
| Studio | $1,857 | $1,085 | +$772 (+71.2%) |
| 1BR | $2,297 | $1,240 | +$1,057 (+85.2%) |
| 1BR | $2,466 | $1,240 | +$1,226 (+98.9%) |
| 2BR | $2,100 | $1,579 | +$521 (+33.0%) |
| 2BR | $3,450 | $1,579 | +$1,871 (+118.5%) |
| 3BR | $4,250 | $1,813 | +$2,438 (+134.5%) |
| 3BR | $5,734 | $1,813 | +$3,922 (+216.4%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in June 2021.