Monthly Rent Report
West Loop Rent Report — January 2024
Asking rents in ZIP 60661, Chicago, from 196 listings.
Median 1BR rent in West Loop was $2,055 in January 2024, down 21.7% (−$568) from December 2023 and down 20.8% year-over-year. The middle half of 1BR listings asked between $1,995 and $2,115. That puts West Loop $538 above the Chicago citywide 1BR median of $1,517. The month's figures are based on 196 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2023 | Vs. January 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,963 | −$120 (-5.8%) | −$257 (-11.6%) | $1,785 – $2,092 | 44 |
| Studio | $1,905 | −$178 (-8.5%) | −$314 (-14.2%) | $1,868 – $1,909 | 3 |
| 1BR | $2,055 | −$568 (-21.7%) | −$540 (-20.8%) | $1,995 – $2,115 | 2 |
| 1BR | $2,460 | −$163 (-6.2%) | −$135 (-5.2%) | $2,225 – $2,744 | 99 |
| 2BR | $3,500 | −$115 (-3.2%) | −$386 (-9.9%) | $3,500 – $3,500 | 1 |
| 2BR | $3,574 | −$41 (-1.1%) | −$312 (-8.0%) | $3,113 – $3,702 | 37 |
| 3BR | $5,213 | −$37 (-0.7%) | +$585 (+12.6%) | $5,193 – $5,232 | 4 |
| 3BR | $7,234 | +$1,984 (+37.8%) | +$2,606 (+56.3%) | $7,234 – $7,234 | 1 |
| 4BR | $7,500 | $0 (0.0%) | — | $7,500 – $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 January 2024. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — January 2024
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,963 | $1,225 | +$738 (+60.2%) |
| Studio | $1,905 | $1,225 | +$680 (+55.5%) |
| 1BR | $2,055 | $1,517 | +$538 (+35.5%) |
| 1BR | $2,460 | $1,517 | +$943 (+62.2%) |
| 2BR | $3,500 | $1,800 | +$1,700 (+94.4%) |
| 2BR | $3,574 | $1,800 | +$1,774 (+98.6%) |
| 3BR | $5,213 | $2,300 | +$2,913 (+126.6%) |
| 3BR | $7,234 | $2,300 | +$4,934 (+214.5%) |
| 4BR | $7,500 | $2,792 | +$4,709 (+168.7%) |
| 4BR | $7,500 | $2,792 | +$4,709 (+168.7%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in January 2024.