Monthly Rent Report
West Loop Rent Report — June 2023
Asking rents in ZIP 60661, Chicago, from 403 listings.
Median 1BR rent in West Loop was $2,720 in June 2023, down 7.5% (−$220) from May 2023 and down 10.8% year-over-year. The middle half of 1BR listings asked between $2,412 and $3,023. That puts West Loop $1,320 above the Chicago citywide 1BR median of $1,400. The month's figures are based on 403 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2023 | Vs. June 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,253 | +$373 (+19.8%) | +$102 (+4.7%) | $2,084 – $2,367 | 81 |
| Studio | $2,037 | +$157 (+8.4%) | −$114 (-5.3%) | $1,889 – $2,096 | 11 |
| 1BR | $2,720 | −$220 (-7.5%) | −$330 (-10.8%) | $2,412 – $3,023 | 185 |
| 1BR | $2,100 | −$840 (-28.6%) | −$950 (-31.1%) | $2,100 – $2,100 | 1 |
| 2BR | $3,377 | −$487 (-12.6%) | −$123 (-3.5%) | $3,289 – $3,466 | 2 |
| 2BR | $4,183 | +$319 (+8.3%) | +$683 (+19.5%) | $3,718 – $4,385 | 95 |
| 3BR | $5,222 | −$652 (-11.1%) | −$428 (-7.6%) | $5,222 – $5,222 | 1 |
| 3BR | $5,893 | +$19 (+0.3%) | +$243 (+4.3%) | $4,953 – $6,739 | 27 |
Median, P25, and P75 are asking rents from listings posted in June 2023. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — June 2023
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,253 | $1,243 | +$1,011 (+81.3%) |
| Studio | $2,037 | $1,243 | +$795 (+63.9%) |
| 1BR | $2,720 | $1,400 | +$1,320 (+94.3%) |
| 1BR | $2,100 | $1,400 | +$700 (+50.0%) |
| 2BR | $3,377 | $1,700 | +$1,677 (+98.6%) |
| 2BR | $4,183 | $1,700 | +$2,483 (+146.1%) |
| 3BR | $5,222 | $2,275 | +$2,947 (+129.5%) |
| 3BR | $5,893 | $2,275 | +$3,618 (+159.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in June 2023.