Monthly Rent Report
West Loop Rent Report — May 2022
Asking rents in ZIP 60661, Chicago, from 80 listings.
Median 1BR rent in West Loop was $2,788 in May 2022, up 6.6% (+$173) from April 2022 and up 22.7% year-over-year. The middle half of 1BR listings asked between $2,738 and $2,813. That puts West Loop $1,491 above the Chicago citywide 1BR median of $1,298. The month's figures are based on 80 listings across 5 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2022 | Vs. May 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,052 | +$14 (+0.7%) | +$240 (+13.2%) | $2,025 – $2,063 | 46 |
| 1BR | $2,788 | +$173 (+6.6%) | +$515 (+22.7%) | $2,738 – $2,813 | 10 |
| 2BR | $4,276 | +$883 (+26.0%) | +$1,676 (+64.5%) | $4,276 – $4,276 | 1 |
| 2BR | $4,436 | +$1,043 (+30.7%) | +$1,836 (+70.6%) | $4,389 – $4,605 | 22 |
| 3BR | $8,000 | +$2,805 (+54.0%) | +$3,094 (+63.1%) | $8,000 – $8,000 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2022. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — May 2022
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,052 | $1,050 | +$1,002 (+95.4%) |
| 1BR | $2,788 | $1,298 | +$1,491 (+114.9%) |
| 2BR | $4,276 | $1,599 | +$2,677 (+167.5%) |
| 2BR | $4,436 | $1,599 | +$2,837 (+177.5%) |
| 3BR | $8,000 | $2,100 | +$5,900 (+281.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2022.