Monthly Rent Report
West Loop Rent Report — January 2022
Asking rents in ZIP 60661, Chicago, from 13 listings.
Median 1BR rent in West Loop was $1,800 in January 2022, down 24.9% (−$598) from December 2021 and down 20.6% year-over-year. The middle half of 1BR listings asked between $1,800 and $1,981. That puts West Loop $515 above the Chicago citywide 1BR median of $1,285. The month's figures are based on 13 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2021 | Vs. January 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,000 | +$70 (+3.6%) | +$221 (+12.4%) | $2,000 – $2,000 | 1 |
| Studio | $1,295 | −$635 (-32.9%) | −$484 (-27.2%) | $1,235 – $1,295 | 5 |
| 1BR | $1,800 | −$598 (-24.9%) | −$466 (-20.6%) | $1,800 – $1,981 | 3 |
| 1BR | $2,700 | +$302 (+12.6%) | +$434 (+19.1%) | $2,700 – $2,700 | 1 |
| 2BR | $4,083 | +$983 (+31.7%) | +$1,508 (+58.6%) | $4,083 – $4,083 | 1 |
| 3BR | $5,188 | +$3,288 (+173.0%) | +$632 (+13.9%) | $5,148 – $5,227 | 2 |
Median, P25, and P75 are asking rents from listings posted in January 2022. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — January 2022
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,000 | $1,000 | +$1,000 (+100.0%) |
| Studio | $1,295 | $1,000 | +$295 (+29.5%) |
| 1BR | $1,800 | $1,285 | +$515 (+40.1%) |
| 1BR | $2,700 | $1,285 | +$1,415 (+110.1%) |
| 2BR | $4,083 | $1,500 | +$2,583 (+172.2%) |
| 3BR | $5,188 | $1,975 | +$3,213 (+162.7%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in January 2022.