Monthly Rent Report
West Loop Rent Report — March 2024
Asking rents in ZIP 60661, Chicago, from 988 listings.
Median 1BR rent in West Loop was $2,225 in March 2024, down 12.0% (−$302) from February 2024 and down 26.3% year-over-year. The middle half of 1BR listings asked between $2,225 and $2,225. That puts West Loop $721 above the Chicago citywide 1BR median of $1,505. The month's figures are based on 988 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,189 | +$136 (+6.6%) | +$714 (+48.4%) | $2,087 – $2,196 | 3 |
| Studio | $2,087 | +$34 (+1.7%) | +$612 (+41.5%) | $1,946 – $2,307 | 223 |
| 1BR | $2,225 | −$302 (-12.0%) | −$794 (-26.3%) | $2,225 – $2,225 | 1 |
| 1BR | $2,606 | +$79 (+3.1%) | −$413 (-13.7%) | $2,409 – $2,752 | 503 |
| 2BR | $3,525 | −$49 (-1.4%) | +$425 (+13.7%) | $3,363 – $3,688 | 2 |
| 2BR | $3,695 | +$121 (+3.4%) | +$595 (+19.2%) | $3,259 – $3,928 | 216 |
| 3BR | $6,678 | +$283 (+4.4%) | +$1,650 (+32.8%) | $5,614 – $7,352 | 17 |
| 3BR | $6,500 | +$105 (+1.6%) | +$1,472 (+29.3%) | $5,641 – $7,050 | 12 |
| 4BR | $4,895 | $0 (0.0%) | — | $4,745 – $4,970 | 6 |
| 4BR | $4,995 | +$100 (+2.0%) | — | $4,895 – $7,300 | 5 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — March 2024
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,189 | $1,225 | +$964 (+78.7%) |
| Studio | $2,087 | $1,225 | +$862 (+70.4%) |
| 1BR | $2,225 | $1,505 | +$721 (+47.9%) |
| 1BR | $2,606 | $1,505 | +$1,102 (+73.2%) |
| 2BR | $3,525 | $1,900 | +$1,625 (+85.5%) |
| 2BR | $3,695 | $1,900 | +$1,795 (+94.5%) |
| 3BR | $6,678 | $2,250 | +$4,428 (+196.8%) |
| 3BR | $6,500 | $2,250 | +$4,250 (+188.9%) |
| 4BR | $4,895 | $2,650 | +$2,245 (+84.7%) |
| 4BR | $4,995 | $2,650 | +$2,345 (+88.5%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in March 2024.