Monthly Rent Report
West Loop Rent Report — December 2023
Asking rents in ZIP 60661, Chicago, from 405 listings.
Median 1BR rent in West Loop was $2,623 in December 2023, up 12.0% (+$281) from November 2023 and up 4.9% year-over-year. The middle half of 1BR listings asked between $2,416 and $2,623. That puts West Loop $1,168 above the Chicago citywide 1BR median of $1,455. The month's figures are based on 405 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2023 | Vs. December 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,895 | −$211 (-10.0%) | +$95 (+5.3%) | $1,895 – $1,895 | 1 |
| Studio | $2,083 | −$23 (-1.1%) | +$283 (+15.7%) | $1,905 – $2,323 | 172 |
| 1BR | $2,623 | +$281 (+12.0%) | +$123 (+4.9%) | $2,416 – $2,623 | 5 |
| 1BR | $2,661 | +$319 (+13.6%) | +$161 (+6.4%) | $2,616 – $2,822 | 3 |
| 2BR | $3,615 | +$115 (+3.3%) | −$289 (-7.4%) | $3,263 – $4,100 | 201 |
| 2BR | $3,589 | +$89 (+2.5%) | −$315 (-8.1%) | $3,395 – $3,784 | 2 |
| 3BR | $4,100 | −$2,345 (-36.4%) | −$1,499 (-26.8%) | $4,100 – $4,100 | 1 |
| 3BR | $5,250 | −$1,195 (-18.5%) | −$349 (-6.2%) | $4,200 – $5,935 | 15 |
| 4BR | $7,500 | $0 (0.0%) | — | $6,098 – $7,500 | 3 |
| 4BR | $7,500 | $0 (0.0%) | — | $7,500 – $7,500 | 2 |
Median, P25, and P75 are asking rents from listings posted in December 2023. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — December 2023
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,895 | $1,218 | +$678 (+55.6%) |
| Studio | $2,083 | $1,218 | +$866 (+71.1%) |
| 1BR | $2,623 | $1,455 | +$1,168 (+80.3%) |
| 1BR | $2,661 | $1,455 | +$1,206 (+82.9%) |
| 2BR | $3,615 | $1,800 | +$1,815 (+100.8%) |
| 2BR | $3,589 | $1,800 | +$1,789 (+99.4%) |
| 3BR | $4,100 | $2,472 | +$1,628 (+65.9%) |
| 3BR | $5,250 | $2,472 | +$2,778 (+112.4%) |
| 4BR | $7,500 | $2,630 | +$4,870 (+185.2%) |
| 4BR | $7,500 | $2,630 | +$4,870 (+185.2%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in December 2023.