Monthly Rent Report
West Loop Rent Report — September 2024
Asking rents in ZIP 60661, Chicago, from 71 listings.
Median 1BR rent in West Loop was $2,195 in September 2024, down 4.6% (−$105) from August 2024 and down 11.0% year-over-year. The middle half of 1BR listings asked between $2,195 and $2,195. That puts West Loop $700 above the Chicago citywide 1BR median of $1,495. The month's figures are based on 71 listings across 5 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2024 | Vs. September 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,957 | −$138 (-6.6%) | −$302 (-13.4%) | $1,957 – $1,957 | 1 |
| 1BR | $2,195 | −$105 (-4.6%) | −$271 (-11.0%) | $2,195 – $2,195 | 1 |
| 2BR | $2,900 | −$600 (-17.1%) | −$621 (-17.6%) | $2,900 – $2,900 | 1 |
| 3BR | $5,330 | +$530 (+11.0%) | −$120 (-2.2%) | $5,064 – $5,475 | 64 |
| 4BR | $6,645 | +$1,855 (+38.7%) | −$1,355 (-16.9%) | $4,765 – $8,813 | 4 |
Median, P25, and P75 are asking rents from listings posted in September 2024. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — September 2024
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,957 | $1,195 | +$762 (+63.8%) |
| 1BR | $2,195 | $1,495 | +$700 (+46.8%) |
| 2BR | $2,900 | $1,843 | +$1,058 (+57.4%) |
| 3BR | $5,330 | $2,350 | +$2,980 (+126.8%) |
| 4BR | $6,645 | $2,750 | +$3,895 (+141.6%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in September 2024.