Monthly Rent Report
West Loop Rent Report — March 2022
Asking rents in ZIP 60661, Chicago, from 22 listings.
Median 1BR rent in West Loop was $2,729 in March 2022, up 7.5% (+$190) from February 2022 and up 11.4% year-over-year. The middle half of 1BR listings asked between $2,599 and $2,785. That puts West Loop $1,499 above the Chicago citywide 1BR median of $1,230. The month's figures are based on 22 listings across 5 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2022 | Vs. March 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,202 | −$30 (-1.3%) | +$760 (+52.7%) | $2,202 – $2,202 | 1 |
| 1BR | $2,729 | +$190 (+7.5%) | +$279 (+11.4%) | $2,599 – $2,785 | 8 |
| 2BR | $4,195 | +$945 (+29.1%) | +$1,395 (+49.8%) | $3,500 – $4,356 | 11 |
| 3BR | $5,303 | +$958 (+22.0%) | +$1,803 (+51.5%) | $5,303 – $5,303 | 1 |
| 4BR | $4,295 | — | +$300 (+7.5%) | $4,295 – $4,295 | 1 |
Median, P25, and P75 are asking rents from listings posted in March 2022. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — March 2022
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,202 | $950 | +$1,252 (+131.8%) |
| 1BR | $2,729 | $1,230 | +$1,499 (+121.9%) |
| 2BR | $4,195 | $1,473 | +$2,723 (+184.9%) |
| 3BR | $5,303 | $1,950 | +$3,353 (+171.9%) |
| 4BR | $4,295 | $2,300 | +$1,995 (+86.7%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in March 2022.