Monthly Rent Report
West Loop Rent Report — July 2021
Asking rents in ZIP 60661, Chicago, from 2,735 listings.
Median 1BR rent in West Loop was $2,336 in July 2021, up 1.7% (+$39) from June 2021 and up 11.3% year-over-year. The middle half of 1BR listings asked between $2,133 and $2,460. That puts West Loop $1,141 above the Chicago citywide 1BR median of $1,195. The month's figures are based on 2,735 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2021 | Vs. July 2020 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,937 | −$10 (-0.5%) | +$262 (+15.6%) | $1,762 – $2,032 | 694 |
| Studio | $1,659 | −$288 (-14.8%) | −$16 (-1.0%) | $1,652 – $1,665 | 2 |
| 1BR | $2,336 | +$39 (+1.7%) | +$237 (+11.3%) | $2,133 – $2,460 | 1,118 |
| 1BR | $2,356 | +$59 (+2.6%) | +$257 (+12.2%) | $2,270 – $2,385 | 3 |
| 2BR | $3,300 | −$150 (-4.3%) | +$93 (+2.9%) | $2,800 – $3,300 | 9 |
| 2BR | $3,450 | $0 (0.0%) | +$243 (+7.6%) | $3,192 – $3,874 | 668 |
| 3BR | $5,534 | −$200 (-3.5%) | +$36 (+0.7%) | $5,225 – $6,099 | 233 |
| 3BR | $6,077 | +$343 (+6.0%) | +$579 (+10.5%) | $6,029 – $6,111 | 8 |
Median, P25, and P75 are asking rents from listings posted in July 2021. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — July 2021
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,937 | $1,038 | +$900 (+86.7%) |
| Studio | $1,659 | $1,038 | +$621 (+59.9%) |
| 1BR | $2,336 | $1,195 | +$1,141 (+95.5%) |
| 1BR | $2,356 | $1,195 | +$1,161 (+97.2%) |
| 2BR | $3,300 | $1,498 | +$1,803 (+120.4%) |
| 2BR | $3,450 | $1,498 | +$1,953 (+130.4%) |
| 3BR | $5,534 | $1,943 | +$3,592 (+184.9%) |
| 3BR | $6,077 | $1,943 | +$4,134 (+212.8%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in July 2021.