Monthly Rent Report
West Loop Rent Report — January 2023
Asking rents in ZIP 60661, Chicago, from 2,083 listings.
Median 1BR rent in West Loop was $2,622 in January 2023, up 3.9% (+$98) from December 2022 and down 2.9% year-over-year. The middle half of 1BR listings asked between $2,391 and $2,699. That puts West Loop $1,272 above the Chicago citywide 1BR median of $1,350. The month's figures are based on 2,083 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2022 | Vs. January 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,032 | −$2 (-0.1%) | +$737 (+56.9%) | $1,903 – $2,129 | 521 |
| Studio | $2,220 | +$186 (+9.1%) | +$925 (+71.4%) | $2,169 – $2,270 | 2 |
| 1BR | $2,622 | +$98 (+3.9%) | −$78 (-2.9%) | $2,391 – $2,699 | 757 |
| 1BR | $2,595 | +$71 (+2.8%) | −$105 (-3.9%) | $2,478 – $2,683 | 3 |
| 2BR | $3,887 | −$17 (-0.4%) | −$196 (-4.8%) | $3,803 – $3,970 | 2 |
| 2BR | $3,647 | −$257 (-6.6%) | −$436 (-10.7%) | $3,398 – $4,004 | 655 |
| 3BR | $4,628 | −$971 (-17.3%) | −$559 (-10.8%) | $4,628 – $4,628 | 1 |
| 3BR | $5,864 | +$265 (+4.7%) | +$677 (+13.0%) | $5,211 – $6,099 | 142 |
Median, P25, and P75 are asking rents from listings posted in January 2023. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — January 2023
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,032 | $1,061 | +$971 (+91.5%) |
| Studio | $2,220 | $1,061 | +$1,158 (+109.1%) |
| 1BR | $2,622 | $1,350 | +$1,272 (+94.2%) |
| 1BR | $2,595 | $1,350 | +$1,245 (+92.2%) |
| 2BR | $3,887 | $1,698 | +$2,189 (+129.0%) |
| 2BR | $3,647 | $1,698 | +$1,950 (+114.8%) |
| 3BR | $4,628 | $2,123 | +$2,506 (+118.0%) |
| 3BR | $5,864 | $2,123 | +$3,742 (+176.3%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in January 2023.