Monthly Rent Report
West Loop Rent Report — April 2024
Asking rents in ZIP 60661, Chicago, from 786 listings.
Median 1BR rent in West Loop was $2,589 in April 2024, down 0.7% (−$17) from March 2024 and down 1.9% year-over-year. The middle half of 1BR listings asked between $2,424 and $2,746. That puts West Loop $1,089 above the Chicago citywide 1BR median of $1,500. The month's figures are based on 786 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2024 | Vs. April 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,182 | −$7 (-0.3%) | +$14 (+0.6%) | $2,058 – $2,268 | 194 |
| Studio | $2,186 | −$3 (-0.1%) | +$18 (+0.8%) | $2,186 – $2,186 | 1 |
| 1BR | $2,589 | −$17 (-0.7%) | −$51 (-1.9%) | $2,424 – $2,746 | 400 |
| 1BR | $2,328 | −$278 (-10.7%) | −$312 (-11.8%) | $2,328 – $2,328 | 1 |
| 2BR | $3,500 | −$195 (-5.3%) | +$100 (+2.9%) | $3,500 – $3,500 | 1 |
| 2BR | $3,899 | +$204 (+5.5%) | +$499 (+14.7%) | $3,550 – $4,480 | 123 |
| 3BR | $5,843 | −$657 (-10.1%) | −$294 (-4.8%) | $5,265 – $6,619 | 24 |
| 3BR | $5,843 | −$657 (-10.1%) | −$294 (-4.8%) | $5,254 – $6,642 | 20 |
| 4BR | $4,895 | $0 (0.0%) | — | $4,595 – $6,300 | 9 |
| 4BR | $4,895 | $0 (0.0%) | — | $4,595 – $4,925 | 13 |
Median, P25, and P75 are asking rents from listings posted in April 2024. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — April 2024
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,182 | $1,222 | +$960 (+78.6%) |
| Studio | $2,186 | $1,222 | +$964 (+78.9%) |
| 1BR | $2,589 | $1,500 | +$1,089 (+72.6%) |
| 1BR | $2,328 | $1,500 | +$828 (+55.2%) |
| 2BR | $3,500 | $1,850 | +$1,650 (+89.2%) |
| 2BR | $3,899 | $1,850 | +$2,049 (+110.8%) |
| 3BR | $5,843 | $2,300 | +$3,543 (+154.0%) |
| 3BR | $5,843 | $2,300 | +$3,543 (+154.0%) |
| 4BR | $4,895 | $2,800 | +$2,095 (+74.8%) |
| 4BR | $4,895 | $2,800 | +$2,095 (+74.8%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in April 2024.