Monthly Rent Report
West Loop Rent Report — July 2022
Asking rents in ZIP 60661, Chicago, from 674 listings.
Median 1BR rent in West Loop was $2,961 in July 2022, down 2.9% (−$89) from June 2022 and up 25.7% year-over-year. The middle half of 1BR listings asked between $2,649 and $3,021. That puts West Loop $1,736 above the Chicago citywide 1BR median of $1,225. The month's figures are based on 674 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2022 | Vs. July 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,184 | +$33 (+1.5%) | +$526 (+31.7%) | $2,153 – $2,244 | 65 |
| Studio | $2,212 | +$61 (+2.8%) | +$554 (+33.4%) | $1,962 – $2,280 | 145 |
| 1BR | $2,961 | −$89 (-2.9%) | +$605 (+25.7%) | $2,649 – $3,021 | 7 |
| 1BR | $2,655 | −$395 (-13.0%) | +$299 (+12.7%) | $2,439 – $2,820 | 245 |
| 2BR | $3,695 | +$195 (+5.6%) | +$395 (+12.0%) | $3,289 – $3,930 | 163 |
| 2BR | $4,836 | +$1,336 (+38.2%) | +$1,536 (+46.5%) | $4,344 – $4,868 | 3 |
| 3BR | $4,200 | −$1,450 (-25.7%) | −$1,876 (-30.9%) | $4,200 – $4,200 | 1 |
| 3BR | $5,599 | −$51 (-0.9%) | −$477 (-7.9%) | $5,244 – $6,000 | 45 |
Median, P25, and P75 are asking rents from listings posted in July 2022. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — July 2022
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,184 | $1,104 | +$1,080 (+97.9%) |
| Studio | $2,212 | $1,104 | +$1,108 (+100.4%) |
| 1BR | $2,961 | $1,225 | +$1,736 (+141.7%) |
| 1BR | $2,655 | $1,225 | +$1,430 (+116.7%) |
| 2BR | $3,695 | $1,695 | +$2,000 (+118.0%) |
| 2BR | $4,836 | $1,695 | +$3,141 (+185.3%) |
| 3BR | $4,200 | $2,200 | +$2,000 (+90.9%) |
| 3BR | $5,599 | $2,200 | +$3,399 (+154.5%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in July 2022.