Monthly Rent Report
West Loop Rent Report — November 2022
Asking rents in ZIP 60661, Chicago, from 45 listings.
Median 1BR rent in West Loop was $2,200 in November 2022, down 20.5% (−$568) from October 2022 and up 22.2% year-over-year. The middle half of 1BR listings asked between $2,056 and $2,600. That puts West Loop $800 above the Chicago citywide 1BR median of $1,400. The month's figures are based on 45 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2022 | Vs. November 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,133 | −$64 (-2.9%) | +$70 (+3.4%) | $2,133 – $2,133 | 1 |
| Studio | $2,180 | −$17 (-0.8%) | +$117 (+5.7%) | $2,180 – $2,403 | 5 |
| 1BR | $2,200 | −$568 (-20.5%) | +$400 (+22.2%) | $2,056 – $2,600 | 9 |
| 1BR | $2,470 | −$298 (-10.8%) | +$670 (+37.2%) | $2,431 – $2,470 | 9 |
| 2BR | $3,559 | −$188 (-5.0%) | −$565 (-13.7%) | $3,466 – $3,687 | 8 |
| 2BR | $3,454 | −$293 (-7.8%) | −$670 (-16.3%) | $3,397 – $3,729 | 8 |
| 3BR | $9,500 | +$5,400 (+131.7%) | +$4,283 (+82.1%) | $9,500 – $9,500 | 1 |
| 3BR | $5,262 | +$1,162 (+28.3%) | +$45 (+0.9%) | $5,262 – $5,278 | 4 |
Median, P25, and P75 are asking rents from listings posted in November 2022. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — November 2022
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,133 | $1,120 | +$1,013 (+90.4%) |
| Studio | $2,180 | $1,120 | +$1,060 (+94.6%) |
| 1BR | $2,200 | $1,400 | +$800 (+57.1%) |
| 1BR | $2,470 | $1,400 | +$1,070 (+76.4%) |
| 2BR | $3,559 | $1,700 | +$1,859 (+109.4%) |
| 2BR | $3,454 | $1,700 | +$1,754 (+103.1%) |
| 3BR | $9,500 | $2,100 | +$7,400 (+352.4%) |
| 3BR | $5,262 | $2,100 | +$3,162 (+150.6%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in November 2022.