Monthly Rent Report
West Loop Rent Report — December 2022
Asking rents in ZIP 60661, Chicago, from 359 listings.
Median 1BR rent in West Loop was $2,525 in December 2022, up 14.8% (+$325) from November 2022 and up 5.3% year-over-year. The middle half of 1BR listings asked between $2,358 and $2,695. That puts West Loop $1,180 above the Chicago citywide 1BR median of $1,345. The month's figures are based on 359 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2022 | Vs. December 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,800 | −$380 (-17.4%) | −$130 (-6.7%) | $1,800 – $1,800 | 1 |
| Studio | $2,034 | −$146 (-6.7%) | +$104 (+5.4%) | $1,909 – $2,127 | 50 |
| 1BR | $2,525 | +$325 (+14.8%) | +$127 (+5.3%) | $2,358 – $2,695 | 96 |
| 1BR | $2,500 | +$300 (+13.6%) | +$102 (+4.3%) | $2,483 – $2,500 | 8 |
| 2BR | $3,904 | +$451 (+13.0%) | +$804 (+25.9%) | $3,300 – $3,955 | 5 |
| 2BR | $3,570 | +$117 (+3.4%) | +$470 (+15.2%) | $3,135 – $4,040 | 73 |
| 3BR | $5,359 | +$97 (+1.8%) | +$3,459 (+182.0%) | $4,927 – $5,798 | 14 |
| 3BR | $5,599 | +$337 (+6.4%) | +$3,699 (+194.7%) | $5,211 – $5,864 | 112 |
Median, P25, and P75 are asking rents from listings posted in December 2022. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — December 2022
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,800 | $1,050 | +$750 (+71.4%) |
| Studio | $2,034 | $1,050 | +$984 (+93.7%) |
| 1BR | $2,525 | $1,345 | +$1,180 (+87.7%) |
| 1BR | $2,500 | $1,345 | +$1,155 (+85.9%) |
| 2BR | $3,904 | $1,675 | +$2,229 (+133.1%) |
| 2BR | $3,570 | $1,675 | +$1,895 (+113.1%) |
| 3BR | $5,359 | $2,181 | +$3,177 (+145.7%) |
| 3BR | $5,599 | $2,181 | +$3,418 (+156.7%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in December 2022.