Monthly Rent Report
West Loop Rent Report — June 2022
Asking rents in ZIP 60661, Chicago, from 82 listings.
Median 1BR rent in West Loop was $1,875 in June 2022, down 32.7% (−$913) from May 2022 and down 18.4% year-over-year. The middle half of 1BR listings asked between $1,875 and $1,875. That puts West Loop $625 above the Chicago citywide 1BR median of $1,250. The month's figures are based on 82 listings across 7 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2022 | Vs. June 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,151 | +$99 (+4.8%) | +$294 (+15.8%) | $2,077 – $2,183 | 61 |
| 1BR | $1,875 | −$913 (-32.7%) | −$422 (-18.4%) | $1,875 – $1,875 | 5 |
| 1BR | $3,050 | +$262 (+9.4%) | +$753 (+32.8%) | $3,050 – $3,050 | 1 |
| 2BR | $3,000 | −$1,276 (-29.8%) | +$900 (+42.9%) | $3,000 – $3,000 | 2 |
| 2BR | $3,500 | −$776 (-18.1%) | +$1,400 (+66.7%) | $3,500 – $3,500 | 1 |
| 3BR | $5,168 | −$2,832 (-35.4%) | +$918 (+21.6%) | $5,139 – $5,650 | 11 |
| 3BR | $5,650 | −$2,350 (-29.4%) | +$1,400 (+32.9%) | $5,650 – $5,650 | 1 |
Median, P25, and P75 are asking rents from listings posted in June 2022. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — June 2022
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,151 | $990 | +$1,161 (+117.3%) |
| 1BR | $1,875 | $1,250 | +$625 (+50.0%) |
| 1BR | $3,050 | $1,250 | +$1,800 (+144.0%) |
| 2BR | $3,000 | $1,570 | +$1,430 (+91.1%) |
| 2BR | $3,500 | $1,570 | +$1,930 (+123.0%) |
| 3BR | $5,168 | $1,995 | +$3,173 (+159.0%) |
| 3BR | $5,650 | $1,995 | +$3,655 (+183.2%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in June 2022.