Monthly Rent Report
West Loop Rent Report — February 2023
Asking rents in ZIP 60661, Chicago, from 483 listings.
Median 1BR rent in West Loop was $2,550 in February 2023, down 1.7% (−$45) from January 2023 and up 0.4% year-over-year. The middle half of 1BR listings asked between $2,500 and $2,600. That puts West Loop $1,150 above the Chicago citywide 1BR median of $1,400. The month's figures are based on 483 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2023 | Vs. February 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,218 | −$1 (-0.1%) | −$14 (-0.6%) | $2,218 – $2,218 | 1 |
| Studio | $2,107 | −$112 (-5.1%) | −$125 (-5.6%) | $1,984 – $2,302 | 125 |
| 1BR | $2,550 | −$45 (-1.7%) | +$11 (+0.4%) | $2,500 – $2,600 | 4 |
| 1BR | $2,614 | +$19 (+0.7%) | +$75 (+3.0%) | $2,296 – $2,817 | 197 |
| 2BR | $3,095 | −$552 (-15.1%) | −$155 (-4.8%) | $3,095 – $3,095 | 1 |
| 2BR | $3,579 | −$68 (-1.9%) | +$329 (+10.1%) | $3,176 – $3,968 | 118 |
| 3BR | $5,042 | +$414 (+8.9%) | +$697 (+16.0%) | $4,850 – $5,577 | 20 |
| 3BR | $5,056 | +$428 (+9.2%) | +$711 (+16.4%) | $4,850 – $5,798 | 17 |
Median, P25, and P75 are asking rents from listings posted in February 2023. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — February 2023
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,218 | $1,149 | +$1,069 (+93.1%) |
| Studio | $2,107 | $1,149 | +$958 (+83.4%) |
| 1BR | $2,550 | $1,400 | +$1,150 (+82.1%) |
| 1BR | $2,614 | $1,400 | +$1,214 (+86.7%) |
| 2BR | $3,095 | $1,695 | +$1,400 (+82.6%) |
| 2BR | $3,579 | $1,695 | +$1,884 (+111.1%) |
| 3BR | $5,042 | $2,188 | +$2,855 (+130.5%) |
| 3BR | $5,056 | $2,188 | +$2,869 (+131.1%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in February 2023.