Monthly Rent Report
West Loop Rent Report — October 2022
Asking rents in ZIP 60661, Chicago, from 1,716 listings.
Median 1BR rent in West Loop was $2,585 in October 2022, up 1.3% (+$33) from September 2022 and up 29.3% year-over-year. The middle half of 1BR listings asked between $2,376 and $2,729. That puts West Loop $1,268 above the Chicago citywide 1BR median of $1,318. The month's figures are based on 1,716 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2022 | Vs. October 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,260 | −$35 (-2.7%) | −$760 (-37.6%) | $1,248 – $1,273 | 2 |
| Studio | $2,197 | +$902 (+69.7%) | +$177 (+8.8%) | $2,197 – $2,197 | 1 |
| 1BR | $2,585 | +$33 (+1.3%) | +$585 (+29.3%) | $2,376 – $2,729 | 887 |
| 1BR | $2,768 | +$216 (+8.5%) | +$768 (+38.4%) | $2,458 – $2,768 | 11 |
| 2BR | $3,700 | −$14 (-0.4%) | +$460 (+14.2%) | $3,612 – $3,819 | 3 |
| 2BR | $3,747 | +$33 (+0.9%) | +$507 (+15.6%) | $3,423 – $4,008 | 804 |
| 3BR | $4,100 | +$105 (+2.6%) | −$1,192 (-22.5%) | $4,000 – $4,350 | 7 |
| 3BR | $4,800 | +$805 (+20.2%) | −$492 (-9.3%) | $4,800 – $4,800 | 1 |
Median, P25, and P75 are asking rents from listings posted in October 2022. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — October 2022
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,260 | $1,050 | +$210 (+20.0%) |
| Studio | $2,197 | $1,050 | +$1,147 (+109.2%) |
| 1BR | $2,585 | $1,318 | +$1,268 (+96.2%) |
| 1BR | $2,768 | $1,318 | +$1,451 (+110.1%) |
| 2BR | $3,700 | $1,700 | +$2,000 (+117.6%) |
| 2BR | $3,747 | $1,700 | +$2,047 (+120.4%) |
| 3BR | $4,100 | $2,190 | +$1,910 (+87.2%) |
| 3BR | $4,800 | $2,190 | +$2,610 (+119.2%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in October 2022.