Monthly Rent Report
West Loop Rent Report — June 2024
Asking rents in ZIP 60661, Chicago, from 2,295 listings.
Median 1BR rent in West Loop was $2,460 in June 2024, down 6.3% (−$166) from May 2024 and up 17.1% year-over-year. The middle half of 1BR listings asked between $2,460 and $2,460. That puts West Loop $961 above the Chicago citywide 1BR median of $1,499. The month's figures are based on 2,295 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2024 | Vs. June 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,185 | −$15 (-0.7%) | +$148 (+7.2%) | $2,046 – $2,357 | 592 |
| Studio | $2,310 | +$110 (+5.0%) | +$273 (+13.4%) | $2,310 – $2,310 | 1 |
| 1BR | $2,460 | −$166 (-6.3%) | +$360 (+17.1%) | $2,460 – $2,460 | 2 |
| 1BR | $2,634 | +$8 (+0.3%) | +$534 (+25.4%) | $2,419 – $2,841 | 1,057 |
| 2BR | $3,781 | +$31 (+0.8%) | +$404 (+12.0%) | $3,541 – $4,022 | 2 |
| 2BR | $3,966 | +$216 (+5.8%) | +$589 (+17.4%) | $3,641 – $4,303 | 483 |
| 3BR | $5,397 | +$397 (+7.9%) | +$175 (+3.4%) | $5,397 – $5,397 | 1 |
| 3BR | $5,545 | +$545 (+10.9%) | +$323 (+6.2%) | $5,232 – $5,642 | 136 |
| 4BR | $4,925 | $0 (0.0%) | — | $4,903 – $4,925 | 10 |
| 4BR | $4,925 | $0 (0.0%) | — | $4,910 – $5,963 | 11 |
Median, P25, and P75 are asking rents from listings posted in June 2024. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — June 2024
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,185 | $1,149 | +$1,036 (+90.1%) |
| Studio | $2,310 | $1,149 | +$1,161 (+101.0%) |
| 1BR | $2,460 | $1,499 | +$961 (+64.1%) |
| 1BR | $2,634 | $1,499 | +$1,135 (+75.7%) |
| 2BR | $3,781 | $1,899 | +$1,882 (+99.1%) |
| 2BR | $3,966 | $1,899 | +$2,067 (+108.9%) |
| 3BR | $5,397 | $2,395 | +$3,002 (+125.3%) |
| 3BR | $5,545 | $2,395 | +$3,150 (+131.5%) |
| 4BR | $4,925 | $2,698 | +$2,228 (+82.6%) |
| 4BR | $4,925 | $2,698 | +$2,228 (+82.6%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in June 2024.