Monthly Rent Report
West Loop Rent Report — October 2024
Asking rents in ZIP 60661, Chicago, from 659 listings.
Median 1BR rent in West Loop was $2,520 in October 2024, up 14.8% (+$325) from September 2024 and up 2.6% year-over-year. The middle half of 1BR listings asked between $2,332 and $2,737. That puts West Loop $1,084 above the Chicago citywide 1BR median of $1,437. The month's figures are based on 659 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2024 | Vs. October 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,045 | +$88 (+4.5%) | +$214 (+11.7%) | $2,045 – $2,045 | 1 |
| Studio | $1,580 | −$377 (-19.3%) | −$251 (-13.7%) | $1,555 – $1,608 | 20 |
| 1BR | $2,520 | +$325 (+14.8%) | +$64 (+2.6%) | $2,332 – $2,737 | 545 |
| 1BR | $1,883 | −$312 (-14.2%) | −$573 (-23.4%) | $1,798 – $1,974 | 36 |
| 2BR | $3,300 | +$400 (+13.8%) | +$56 (+1.7%) | $2,760 – $3,499 | 10 |
| 2BR | $2,650 | −$250 (-8.6%) | −$594 (-18.3%) | $2,650 – $2,650 | 1 |
| 3BR | $3,995 | −$1,334 (-25.0%) | −$1,683 (-29.6%) | $3,995 – $3,995 | 5 |
| 3BR | $5,311 | −$18 (-0.3%) | −$367 (-6.5%) | $5,311 – $5,738 | 40 |
| 4BR | $4,390 | −$2,255 (-33.9%) | −$3,110 (-41.5%) | $4,390 – $4,390 | 1 |
Median, P25, and P75 are asking rents from listings posted in October 2024. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — October 2024
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,045 | $1,298 | +$748 (+57.6%) |
| Studio | $1,580 | $1,298 | +$283 (+21.8%) |
| 1BR | $2,520 | $1,437 | +$1,084 (+75.4%) |
| 1BR | $1,883 | $1,437 | +$446 (+31.0%) |
| 2BR | $3,300 | $1,770 | +$1,530 (+86.5%) |
| 2BR | $2,650 | $1,770 | +$881 (+49.8%) |
| 3BR | $3,995 | $2,305 | +$1,690 (+73.3%) |
| 3BR | $5,311 | $2,305 | +$3,006 (+130.4%) |
| 4BR | $4,390 | $2,995 | +$1,395 (+46.6%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in October 2024.