Monthly Rent Report
West Loop Rent Report — August 2024
Asking rents in ZIP 60661, Chicago, from 549 listings.
Median 1BR rent in West Loop was $2,300 in August 2024, down 29.2% (−$950) from July 2024 and down 7.8% year-over-year. The middle half of 1BR listings asked between $2,300 and $2,300. That puts West Loop $762 above the Chicago citywide 1BR median of $1,538. The month's figures are based on 549 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,095 | −$104 (-4.7%) | −$179 (-7.9%) | $1,962 – $2,250 | 540 |
| 1BR | $2,300 | −$950 (-29.2%) | −$193 (-7.8%) | $2,300 – $2,300 | 1 |
| 2BR | $3,500 | −$559 (-13.8%) | −$233 (-6.2%) | $3,500 – $3,500 | 1 |
| 2BR | $3,950 | −$109 (-2.7%) | +$217 (+5.8%) | $3,950 – $3,950 | 1 |
| 3BR | $4,800 | +$480 (+11.1%) | +$700 (+17.1%) | $4,800 – $4,800 | 3 |
| 4BR | $4,790 | +$400 (+9.1%) | — | $4,790 – $4,890 | 3 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — August 2024
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,095 | $1,190 | +$905 (+76.1%) |
| 1BR | $2,300 | $1,538 | +$762 (+49.5%) |
| 2BR | $3,500 | $1,823 | +$1,678 (+92.0%) |
| 2BR | $3,950 | $1,823 | +$2,128 (+116.7%) |
| 3BR | $4,800 | $2,300 | +$2,500 (+108.7%) |
| 4BR | $4,790 | $2,995 | +$1,795 (+59.9%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2024.