Monthly Rent Report
West Loop Rent Report — August 2021
Asking rents in ZIP 60661, Chicago, from 2,337 listings.
Median 1BR rent in West Loop was $2,342 in August 2021, up 0.3% (+$6) from July 2021 and up 17.1% year-over-year. The middle half of 1BR listings asked between $2,154 and $2,583. That puts West Loop $1,145 above the Chicago citywide 1BR median of $1,198. The month's figures are based on 2,337 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2021 | Vs. August 2020 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,947 | +$289 (+17.4%) | +$376 (+23.9%) | $1,872 – $2,022 | 4 |
| Studio | $1,952 | +$294 (+17.7%) | +$381 (+24.3%) | $1,784 – $2,167 | 558 |
| 1BR | $2,342 | +$6 (+0.3%) | +$342 (+17.1%) | $2,154 – $2,583 | 1,007 |
| 1BR | $2,433 | +$97 (+4.2%) | +$433 (+21.6%) | $2,111 – $2,548 | 22 |
| 2BR | $3,300 | $0 (0.0%) | +$303 (+10.1%) | $3,033 – $3,300 | 11 |
| 2BR | $3,440 | +$140 (+4.2%) | +$443 (+14.8%) | $3,255 – $3,874 | 565 |
| 3BR | $6,092 | +$558 (+10.1%) | +$1,592 (+35.4%) | $5,875 – $6,138 | 4 |
| 3BR | $5,734 | +$200 (+3.6%) | +$1,234 (+27.4%) | $5,225 – $6,099 | 166 |
Median, P25, and P75 are asking rents from listings posted in August 2021. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — August 2021
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,947 | $1,050 | +$897 (+85.4%) |
| Studio | $1,952 | $1,050 | +$902 (+85.9%) |
| 1BR | $2,342 | $1,198 | +$1,145 (+95.6%) |
| 1BR | $2,433 | $1,198 | +$1,236 (+103.2%) |
| 2BR | $3,300 | $1,498 | +$1,803 (+120.4%) |
| 2BR | $3,440 | $1,498 | +$1,943 (+129.7%) |
| 3BR | $6,092 | $2,000 | +$4,092 (+204.6%) |
| 3BR | $5,734 | $2,000 | +$3,734 (+186.7%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2021.