Monthly Rent Report
West Loop Rent Report — September 2023
Asking rents in ZIP 60661, Chicago, from 72 listings.
Median 1BR rent in West Loop was $2,466 in September 2023, down 1.1% (−$27) from August 2023 and up 26.5% year-over-year. The middle half of 1BR listings asked between $2,376 and $2,598. That puts West Loop $1,016 above the Chicago citywide 1BR median of $1,450. The month's figures are based on 72 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2023 | Vs. September 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,259 | +$143 (+6.7%) | +$964 (+74.4%) | $2,239 – $2,348 | 9 |
| Studio | $1,891 | −$225 (-10.7%) | +$596 (+46.0%) | $1,879 – $1,903 | 2 |
| 1BR | $2,466 | −$27 (-1.1%) | +$516 (+26.5%) | $2,376 – $2,598 | 19 |
| 1BR | $2,417 | −$76 (-3.1%) | +$467 (+23.9%) | $2,328 – $2,521 | 8 |
| 2BR | $3,644 | −$89 (-2.4%) | −$70 (-1.9%) | $3,542 – $4,397 | 3 |
| 2BR | $3,522 | −$211 (-5.7%) | −$193 (-5.2%) | $3,284 – $3,655 | 22 |
| 3BR | $5,678 | +$1,578 (+38.5%) | −$53 (-0.9%) | $5,678 – $5,678 | 1 |
| 3BR | $5,450 | +$1,350 (+32.9%) | −$281 (-4.9%) | $4,881 – $5,450 | 5 |
| 4BR | $8,000 | — | — | $8,000 – $8,000 | 3 |
Median, P25, and P75 are asking rents from listings posted in September 2023. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — September 2023
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,259 | $1,238 | +$1,022 (+82.5%) |
| Studio | $1,891 | $1,238 | +$654 (+52.8%) |
| 1BR | $2,466 | $1,450 | +$1,016 (+70.1%) |
| 1BR | $2,417 | $1,450 | +$967 (+66.7%) |
| 2BR | $3,644 | $1,738 | +$1,907 (+109.7%) |
| 2BR | $3,522 | $1,738 | +$1,784 (+102.7%) |
| 3BR | $5,678 | $2,327 | +$3,351 (+144.0%) |
| 3BR | $5,450 | $2,327 | +$3,123 (+134.2%) |
| 4BR | $8,000 | $2,783 | +$5,217 (+187.5%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in September 2023.