Monthly Rent Report
West Loop Rent Report — April 2023
Asking rents in ZIP 60661, Chicago, from 678 listings.
Median 1BR rent in West Loop was $2,701 in April 2023, up 3.2% (+$84) from March 2023 and up 3.3% year-over-year. The middle half of 1BR listings asked between $2,649 and $2,706. That puts West Loop $1,276 above the Chicago citywide 1BR median of $1,425. The month's figures are based on 678 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2023 | Vs. April 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,154 | +$679 (+46.0%) | +$116 (+5.7%) | $2,154 – $2,154 | 1 |
| Studio | $2,168 | +$693 (+47.0%) | +$130 (+6.4%) | $1,977 – $2,383 | 177 |
| 1BR | $2,701 | +$84 (+3.2%) | +$86 (+3.3%) | $2,649 – $2,706 | 3 |
| 1BR | $2,640 | +$23 (+0.9%) | +$25 (+1.0%) | $2,376 – $2,862 | 293 |
| 2BR | $3,767 | +$667 (+21.5%) | +$374 (+11.0%) | $3,377 – $4,218 | 165 |
| 2BR | $3,400 | +$300 (+9.7%) | +$7 (+0.2%) | $3,323 – $3,449 | 3 |
| 3BR | $5,764 | +$736 (+14.6%) | +$569 (+11.0%) | $5,042 – $6,539 | 34 |
| 3BR | $6,138 | +$1,110 (+22.1%) | +$943 (+18.1%) | $5,731 – $6,544 | 2 |
Median, P25, and P75 are asking rents from listings posted in April 2023. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — April 2023
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,154 | $1,195 | +$959 (+80.3%) |
| Studio | $2,168 | $1,195 | +$973 (+81.4%) |
| 1BR | $2,701 | $1,425 | +$1,276 (+89.5%) |
| 1BR | $2,640 | $1,425 | +$1,215 (+85.3%) |
| 2BR | $3,767 | $1,725 | +$2,042 (+118.4%) |
| 2BR | $3,400 | $1,725 | +$1,675 (+97.1%) |
| 3BR | $5,764 | $2,300 | +$3,464 (+150.6%) |
| 3BR | $6,138 | $2,300 | +$3,838 (+166.8%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in April 2023.