Monthly Rent Report
West Loop Rent Report — March 2023
Asking rents in ZIP 60661, Chicago, from 462 listings.
Median 1BR rent in West Loop was $3,019 in March 2023, up 15.5% (+$405) from February 2023 and up 10.6% year-over-year. The middle half of 1BR listings asked between $3,019 and $3,019. That puts West Loop $1,623 above the Chicago citywide 1BR median of $1,396. The month's figures are based on 462 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2023 | Vs. March 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,475 | −$632 (-30.0%) | −$727 (-33.0%) | $1,475 – $1,475 | 1 |
| Studio | $2,164 | +$57 (+2.7%) | −$38 (-1.7%) | $1,984 – $2,308 | 114 |
| 1BR | $3,019 | +$405 (+15.5%) | +$290 (+10.6%) | $3,019 – $3,019 | 1 |
| 1BR | $2,617 | +$3 (+0.1%) | −$112 (-4.1%) | $2,374 – $2,924 | 189 |
| 2BR | $3,100 | −$478 (-13.4%) | −$1,095 (-26.1%) | $3,100 – $3,100 | 1 |
| 2BR | $3,600 | +$22 (+0.6%) | −$595 (-14.2%) | $3,282 – $3,911 | 124 |
| 3BR | $5,028 | −$28 (-0.6%) | −$275 (-5.2%) | $4,850 – $6,410 | 27 |
| 3BR | $5,028 | −$28 (-0.6%) | −$275 (-5.2%) | $4,850 – $6,410 | 5 |
Median, P25, and P75 are asking rents from listings posted in March 2023. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — March 2023
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,475 | $1,204 | +$271 (+22.5%) |
| Studio | $2,164 | $1,204 | +$960 (+79.7%) |
| 1BR | $3,019 | $1,396 | +$1,623 (+116.2%) |
| 1BR | $2,617 | $1,396 | +$1,221 (+87.4%) |
| 2BR | $3,100 | $1,698 | +$1,403 (+82.6%) |
| 2BR | $3,600 | $1,698 | +$1,903 (+112.1%) |
| 3BR | $5,028 | $2,200 | +$2,828 (+128.5%) |
| 3BR | $5,028 | $2,200 | +$2,828 (+128.5%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in March 2023.