Monthly Rent Report
West Loop Rent Report — December 2021
Asking rents in ZIP 60661, Chicago, from 17 listings.
Median 1BR rent in West Loop was $2,398 in December 2021, up 33.2% (+$598) from November 2021 and up 5.8% year-over-year. The middle half of 1BR listings asked between $2,284 and $2,430. That puts West Loop $1,198 above the Chicago citywide 1BR median of $1,200. The month's figures are based on 17 listings across 4 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2021 | Vs. December 2020 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,930 | −$133 (-6.4%) | +$151 (+8.5%) | $1,900 – $1,933 | 7 |
| 1BR | $2,398 | +$598 (+33.2%) | +$132 (+5.8%) | $2,284 – $2,430 | 7 |
| 2BR | $3,100 | −$1,024 (-24.8%) | +$300 (+10.7%) | $3,100 – $3,100 | 2 |
| 3BR | $1,900 | −$3,317 (-63.6%) | −$2,655 (-58.3%) | $1,900 – $1,900 | 1 |
Median, P25, and P75 are asking rents from listings posted in December 2021. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — December 2021
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,930 | $975 | +$955 (+97.9%) |
| 1BR | $2,398 | $1,200 | +$1,198 (+99.8%) |
| 2BR | $3,100 | $1,500 | +$1,600 (+106.7%) |
| 3BR | $1,900 | $1,800 | +$100 (+5.6%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in December 2021.