Monthly Rent Report
West Loop Rent Report — April 2022
Asking rents in ZIP 60661, Chicago, from 37 listings.
Median 1BR rent in West Loop was $2,615 in April 2022, down 4.2% (−$114) from March 2022 and up 4.6% year-over-year. The middle half of 1BR listings asked between $2,615 and $2,615. That puts West Loop $1,381 above the Chicago citywide 1BR median of $1,234. The month's figures are based on 37 listings across 4 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2022 | Vs. April 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,039 | −$163 (-7.4%) | +$185 (+10.0%) | $2,019 – $2,116 | 28 |
| 1BR | $2,615 | −$114 (-4.2%) | +$115 (+4.6%) | $2,615 – $2,615 | 1 |
| 2BR | $3,393 | −$802 (-19.1%) | +$793 (+30.5%) | $3,393 – $3,393 | 1 |
| 3BR | $5,195 | −$108 (-2.0%) | +$1,695 (+48.4%) | $4,507 – $5,900 | 7 |
Median, P25, and P75 are asking rents from listings posted in April 2022. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — April 2022
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,039 | $1,085 | +$954 (+87.9%) |
| 1BR | $2,615 | $1,234 | +$1,381 (+111.9%) |
| 2BR | $3,393 | $1,495 | +$1,898 (+127.0%) |
| 3BR | $5,195 | $2,098 | +$3,098 (+147.7%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in April 2022.