Monthly Rent Report
West Loop Rent Report — August 2022
Asking rents in ZIP 60661, Chicago, from 1,171 listings.
Median 1BR rent in West Loop was $2,627 in August 2022, down 1.1% (−$28) from July 2022 and up 8.0% year-over-year. The middle half of 1BR listings asked between $2,415 and $2,829. That puts West Loop $1,332 above the Chicago citywide 1BR median of $1,295. The month's figures are based on 1,171 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2022 | Vs. August 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,190 | +$6 (+0.3%) | +$243 (+12.5%) | $2,024 – $2,349 | 255 |
| Studio | $1,945 | −$239 (-10.9%) | −$2 (-0.1%) | $1,945 – $1,945 | 1 |
| 1BR | $2,627 | −$28 (-1.1%) | +$194 (+8.0%) | $2,415 – $2,829 | 492 |
| 1BR | $2,450 | −$205 (-7.7%) | +$17 (+0.7%) | $2,450 – $2,450 | 1 |
| 2BR | $3,695 | $0 (0.0%) | +$255 (+7.4%) | $3,497 – $3,961 | 312 |
| 2BR | $2,550 | −$1,145 (-31.0%) | −$890 (-25.9%) | $2,550 – $2,550 | 1 |
| 3BR | $5,599 | $0 (0.0%) | −$493 (-8.1%) | $5,211 – $5,864 | 85 |
| 3BR | $5,599 | $0 (0.0%) | −$493 (-8.1%) | $4,947 – $5,864 | 24 |
Median, P25, and P75 are asking rents from listings posted in August 2022. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — August 2022
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,190 | $1,095 | +$1,095 (+100.0%) |
| Studio | $1,945 | $1,095 | +$850 (+77.6%) |
| 1BR | $2,627 | $1,295 | +$1,332 (+102.8%) |
| 1BR | $2,450 | $1,295 | +$1,155 (+89.2%) |
| 2BR | $3,695 | $1,795 | +$1,900 (+105.8%) |
| 2BR | $2,550 | $1,795 | +$755 (+42.1%) |
| 3BR | $5,599 | $2,250 | +$3,349 (+148.8%) |
| 3BR | $5,599 | $2,250 | +$3,349 (+148.8%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2022.