Monthly Rent Report
West Loop Rent Report — July 2024
Asking rents in ZIP 60661, Chicago, from 901 listings.
Median 1BR rent in West Loop was $3,250 in July 2024, up 23.4% (+$616) from June 2024 and up 20.2% year-over-year. The middle half of 1BR listings asked between $3,250 and $3,250. That puts West Loop $1,690 above the Chicago citywide 1BR median of $1,560. The month's figures are based on 901 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2024 | Vs. July 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,096 | −$214 (-9.3%) | −$84 (-3.9%) | $2,096 – $2,096 | 1 |
| Studio | $2,199 | −$111 (-4.8%) | +$19 (+0.9%) | $2,046 – $2,304 | 219 |
| 1BR | $3,250 | +$616 (+23.4%) | +$546 (+20.2%) | $3,250 – $3,250 | 1 |
| 1BR | $2,640 | +$6 (+0.2%) | −$64 (-2.4%) | $2,463 – $2,835 | 457 |
| 2BR | $4,060 | +$279 (+7.4%) | +$127 (+3.2%) | $3,653 – $4,375 | 168 |
| 2BR | $4,124 | +$343 (+9.1%) | +$191 (+4.9%) | $4,124 – $4,124 | 1 |
| 3BR | $4,320 | −$1,224 (-22.1%) | −$969 (-18.3%) | $2,200 – $4,409 | 5 |
| 3BR | $5,580 | +$36 (+0.6%) | +$291 (+5.5%) | $5,433 – $5,857 | 46 |
| 4BR | $4,390 | −$535 (-10.9%) | −$505 (-10.3%) | $4,390 – $4,540 | 3 |
Median, P25, and P75 are asking rents from listings posted in July 2024. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — July 2024
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,096 | $1,218 | +$878 (+72.1%) |
| Studio | $2,199 | $1,218 | +$981 (+80.5%) |
| 1BR | $3,250 | $1,560 | +$1,690 (+108.3%) |
| 1BR | $2,640 | $1,560 | +$1,080 (+69.2%) |
| 2BR | $4,060 | $1,805 | +$2,255 (+124.9%) |
| 2BR | $4,124 | $1,805 | +$2,319 (+128.5%) |
| 3BR | $4,320 | $2,363 | +$1,958 (+82.9%) |
| 3BR | $5,580 | $2,363 | +$3,218 (+136.2%) |
| 4BR | $4,390 | $2,789 | +$1,601 (+57.4%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in July 2024.