Monthly Rent Report
West Loop Rent Report — September 2022
Asking rents in ZIP 60661, Chicago, from 754 listings.
Median 1BR rent in West Loop was $2,552 in September 2022, down 2.8% (−$74) from August 2022 and up 16.0% year-over-year. The middle half of 1BR listings asked between $2,321 and $2,726. That puts West Loop $1,252 above the Chicago citywide 1BR median of $1,300. The month's figures are based on 754 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2022 | Vs. September 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,932 | −$13 (-0.7%) | −$18 (-0.9%) | $1,932 – $1,932 | 1 |
| Studio | $1,295 | −$650 (-33.4%) | −$655 (-33.6%) | $1,295 – $1,295 | 1 |
| 1BR | $2,552 | −$74 (-2.8%) | +$352 (+16.0%) | $2,321 – $2,726 | 469 |
| 1BR | $1,950 | −$676 (-25.8%) | −$250 (-11.4%) | $1,900 – $2,075 | 3 |
| 2BR | $3,767 | +$1,217 (+47.7%) | +$527 (+16.3%) | $3,448 – $4,000 | 237 |
| 2BR | $3,715 | +$1,165 (+45.7%) | +$475 (+14.6%) | $3,697 – $3,732 | 2 |
| 3BR | $3,995 | −$1,604 (-28.6%) | −$1,351 (-25.3%) | $3,995 – $3,995 | 1 |
| 3BR | $5,732 | +$133 (+2.4%) | +$386 (+7.2%) | $4,986 – $6,370 | 40 |
Median, P25, and P75 are asking rents from listings posted in September 2022. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — September 2022
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,932 | $1,050 | +$882 (+84.0%) |
| Studio | $1,295 | $1,050 | +$245 (+23.3%) |
| 1BR | $2,552 | $1,300 | +$1,252 (+96.3%) |
| 1BR | $1,950 | $1,300 | +$650 (+50.0%) |
| 2BR | $3,767 | $1,550 | +$2,217 (+143.0%) |
| 2BR | $3,715 | $1,550 | +$2,165 (+139.6%) |
| 3BR | $3,995 | $2,099 | +$1,896 (+90.3%) |
| 3BR | $5,732 | $2,099 | +$3,633 (+173.1%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in September 2022.