Monthly Rent Report
West Loop Rent Report — July 2023
Asking rents in ZIP 60661, Chicago, from 151 listings.
Median 1BR rent in West Loop was $2,387 in July 2023, down 12.2% (−$333) from June 2023 and down 10.1% year-over-year. The middle half of 1BR listings asked between $2,387 and $2,387. That puts West Loop $937 above the Chicago citywide 1BR median of $1,450. The month's figures are based on 151 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,967 | −$70 (-3.5%) | −$245 (-11.1%) | $1,953 – $1,980 | 4 |
| Studio | $2,180 | +$143 (+7.0%) | −$32 (-1.4%) | $2,038 – $2,370 | 35 |
| 1BR | $2,387 | −$333 (-12.2%) | −$268 (-10.1%) | $2,387 – $2,387 | 1 |
| 1BR | $2,704 | −$16 (-0.6%) | +$49 (+1.8%) | $2,505 – $3,080 | 62 |
| 2BR | $4,223 | +$40 (+1.0%) | −$613 (-12.7%) | $4,163 – $4,283 | 2 |
| 2BR | $3,933 | −$250 (-6.0%) | −$903 (-18.7%) | $3,592 – $4,585 | 36 |
| 3BR | $5,325 | +$103 (+2.0%) | −$274 (-4.9%) | $5,325 – $5,325 | 1 |
| 3BR | $5,290 | +$68 (+1.3%) | −$309 (-5.5%) | $5,214 – $5,940 | 8 |
| 4BR | $4,895 | — | — | $4,895 – $4,895 | 1 |
| 4BR | $4,895 | — | — | $4,895 – $4,895 | 1 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — July 2023
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,967 | $1,200 | +$767 (+63.9%) |
| Studio | $2,180 | $1,200 | +$980 (+81.7%) |
| 1BR | $2,387 | $1,450 | +$937 (+64.6%) |
| 1BR | $2,704 | $1,450 | +$1,254 (+86.5%) |
| 2BR | $4,223 | $1,795 | +$2,428 (+135.3%) |
| 2BR | $3,933 | $1,795 | +$2,138 (+119.1%) |
| 3BR | $5,325 | $2,273 | +$3,053 (+134.3%) |
| 3BR | $5,290 | $2,273 | +$3,017 (+132.8%) |
| 4BR | $4,895 | $2,709 | +$2,187 (+80.7%) |
| 4BR | $4,895 | $2,709 | +$2,187 (+80.7%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in July 2023.