Monthly Rent Report
West Loop Rent Report — October 2021
Asking rents in ZIP 60661, Chicago, from 37 listings.
Median 1BR rent in West Loop was $2,000 in October 2021, down 9.1% (−$200) from September 2021 and up 14.4% year-over-year. The middle half of 1BR listings asked between $2,000 and $2,000. That puts West Loop $805 above the Chicago citywide 1BR median of $1,195. The month's figures are based on 37 listings across 4 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2021 | Vs. October 2020 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,020 | +$70 (+3.6%) | +$573 (+39.6%) | $1,985 – $2,055 | 28 |
| 1BR | $2,000 | −$200 (-9.1%) | +$252 (+14.4%) | $2,000 – $2,000 | 2 |
| 2BR | $3,240 | −$125 (-3.7%) | +$645 (+24.9%) | $3,240 – $3,240 | 1 |
| 3BR | $5,292 | −$342 (-6.1%) | +$1,413 (+36.4%) | $5,217 – $5,367 | 6 |
Median, P25, and P75 are asking rents from listings posted in October 2021. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — October 2021
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,020 | $950 | +$1,070 (+112.6%) |
| 1BR | $2,000 | $1,195 | +$805 (+67.4%) |
| 2BR | $3,240 | $1,371 | +$1,869 (+136.3%) |
| 3BR | $5,292 | $1,795 | +$3,497 (+194.8%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in October 2021.