Monthly Rent Report
West Loop Rent Report — February 2024
Asking rents in ZIP 60661, Chicago, from 690 listings.
Median 1BR rent in West Loop was $2,528 in February 2024, up 2.7% (+$68) from January 2024 and down 3.3% year-over-year. The middle half of 1BR listings asked between $2,386 and $2,669. That puts West Loop $1,028 above the Chicago citywide 1BR median of $1,500. The month's figures are based on 690 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2024 | Vs. February 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,066 | +$161 (+8.5%) | −$152 (-6.9%) | $2,066 – $2,066 | 1 |
| Studio | $2,053 | +$148 (+7.8%) | −$165 (-7.4%) | $1,869 – $2,266 | 144 |
| 1BR | $2,528 | +$68 (+2.7%) | −$86 (-3.3%) | $2,386 – $2,669 | 12 |
| 1BR | $2,564 | +$104 (+4.2%) | −$50 (-1.9%) | $2,333 – $2,785 | 327 |
| 2BR | $3,574 | $0 (0.0%) | −$4 (-0.1%) | $3,273 – $3,881 | 173 |
| 2BR | $3,504 | −$70 (-2.0%) | −$74 (-2.1%) | $3,447 – $3,788 | 3 |
| 3BR | $6,395 | −$839 (-11.6%) | +$1,339 (+26.5%) | $5,005 – $6,775 | 23 |
| 3BR | $5,011 | −$2,223 (-30.7%) | −$45 (-0.9%) | $5,011 – $5,011 | 1 |
| 4BR | $4,895 | −$2,605 (-34.7%) | — | $4,795 – $6,198 | 3 |
| 4BR | $4,895 | −$2,605 (-34.7%) | — | $4,795 – $6,198 | 3 |
Median, P25, and P75 are asking rents from listings posted in February 2024. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — February 2024
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,066 | $1,211 | +$855 (+70.6%) |
| Studio | $2,053 | $1,211 | +$842 (+69.5%) |
| 1BR | $2,528 | $1,500 | +$1,028 (+68.5%) |
| 1BR | $2,564 | $1,500 | +$1,064 (+70.9%) |
| 2BR | $3,574 | $1,813 | +$1,762 (+97.2%) |
| 2BR | $3,504 | $1,813 | +$1,692 (+93.3%) |
| 3BR | $6,395 | $2,300 | +$4,095 (+178.0%) |
| 3BR | $5,011 | $2,300 | +$2,711 (+117.9%) |
| 4BR | $4,895 | $2,792 | +$2,104 (+75.4%) |
| 4BR | $4,895 | $2,792 | +$2,104 (+75.4%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in February 2024.