Monthly Rent Report
West Loop Rent Report — November 2023
Asking rents in ZIP 60661, Chicago, from 395 listings.
Median 1BR rent in West Loop was $2,475 in November 2023, down 17.5% (−$525) from October 2023 and up 12.5% year-over-year. The middle half of 1BR listings asked between $2,413 and $2,538. That puts West Loop $972 above the Chicago citywide 1BR median of $1,504. The month's figures are based on 395 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2023 | Vs. November 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,856 | −$472 (-20.3%) | −$277 (-13.0%) | $1,801 – $1,906 | 4 |
| Studio | $2,107 | −$221 (-9.5%) | −$26 (-1.2%) | $1,859 – $2,343 | 138 |
| 1BR | $2,475 | −$525 (-17.5%) | +$275 (+12.5%) | $2,413 – $2,538 | 2 |
| 1BR | $2,342 | −$658 (-21.9%) | +$142 (+6.5%) | $2,342 – $2,342 | 1 |
| 2BR | $3,263 | +$63 (+2.0%) | −$296 (-8.3%) | $3,263 – $3,263 | 1 |
| 2BR | $3,500 | +$300 (+9.4%) | −$59 (-1.7%) | $3,199 – $3,970 | 194 |
| 3BR | $6,445 | +$823 (+14.6%) | −$3,055 (-32.2%) | $4,795 – $7,987 | 48 |
| 3BR | $5,325 | −$297 (-5.3%) | −$4,175 (-43.9%) | $5,325 – $5,325 | 1 |
| 4BR | $7,500 | $0 (0.0%) | — | $7,500 – $7,500 | 3 |
| 4BR | $7,500 | $0 (0.0%) | — | $7,500 – $7,500 | 3 |
Median, P25, and P75 are asking rents from listings posted in November 2023. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — November 2023
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,856 | $1,160 | +$696 (+60.0%) |
| Studio | $2,107 | $1,160 | +$947 (+81.6%) |
| 1BR | $2,475 | $1,504 | +$972 (+64.6%) |
| 1BR | $2,342 | $1,504 | +$839 (+55.8%) |
| 2BR | $3,263 | $1,800 | +$1,463 (+81.3%) |
| 2BR | $3,500 | $1,800 | +$1,700 (+94.4%) |
| 3BR | $6,445 | $2,298 | +$4,148 (+180.5%) |
| 3BR | $5,325 | $2,298 | +$3,028 (+131.8%) |
| 4BR | $7,500 | $2,750 | +$4,750 (+172.7%) |
| 4BR | $7,500 | $2,750 | +$4,750 (+172.7%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in November 2023.