Monthly Rent Report
West Loop Rent Report — February 2022
Asking rents in ZIP 60661, Chicago, from 5 listings.
Median 1BR rent in West Loop was $2,539 in February 2022, down 6.0% (−$161) from January 2022 and up 10.6% year-over-year. The middle half of 1BR listings asked between $2,539 and $2,539. That puts West Loop $1,289 above the Chicago citywide 1BR median of $1,250. The month's figures are based on 5 listings across 4 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2022 | Vs. February 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,232 | +$232 (+11.6%) | +$782 (+53.9%) | $2,228 – $2,236 | 2 |
| 1BR | $2,539 | −$161 (-6.0%) | +$244 (+10.6%) | $2,539 – $2,539 | 1 |
| 2BR | $3,250 | −$833 (-20.4%) | +$255 (+8.5%) | $3,250 – $3,250 | 1 |
| 3BR | $4,345 | −$842 (-16.2%) | −$100 (-2.2%) | $4,345 – $4,345 | 1 |
Median, P25, and P75 are asking rents from listings posted in February 2022. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — February 2022
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,232 | $1,028 | +$1,204 (+117.1%) |
| 1BR | $2,539 | $1,250 | +$1,289 (+103.1%) |
| 2BR | $3,250 | $1,600 | +$1,650 (+103.1%) |
| 3BR | $4,345 | $1,795 | +$2,550 (+142.1%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in February 2022.