Monthly Rent Report
West Loop Rent Report — November 2024
Asking rents in ZIP 60661, Chicago, from 112 listings.
Median 1BR rent in West Loop was $2,140 in November 2024, up 13.7% (+$258) from October 2024 and down 13.5% year-over-year. The middle half of 1BR listings asked between $2,140 and $2,140. That puts West Loop $565 above the Chicago citywide 1BR median of $1,575. The month's figures are based on 112 listings across 7 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2024 | Vs. November 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,148 | +$103 (+5.0%) | +$293 (+15.8%) | $2,148 – $2,148 | 1 |
| 1BR | $2,140 | +$258 (+13.7%) | −$335 (-13.5%) | $2,140 – $2,140 | 1 |
| 1BR | $2,850 | +$968 (+51.4%) | +$375 (+15.2%) | $2,718 – $2,850 | 4 |
| 2BR | $3,700 | +$1,050 (+39.6%) | +$437 (+13.4%) | $3,700 – $3,700 | 2 |
| 2BR | $3,850 | +$1,200 (+45.3%) | +$587 (+18.0%) | $3,700 – $4,000 | 8 |
| 3BR | $5,333 | +$22 (+0.4%) | −$1,112 (-17.3%) | $5,143 – $6,403 | 95 |
| 4BR | $4,190 | −$200 (-4.6%) | −$3,310 (-44.1%) | $4,190 – $4,190 | 1 |
Median, P25, and P75 are asking rents from listings posted in November 2024. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — November 2024
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,148 | $1,292 | +$856 (+66.3%) |
| 1BR | $2,140 | $1,575 | +$565 (+35.9%) |
| 1BR | $2,850 | $1,575 | +$1,275 (+81.0%) |
| 2BR | $3,700 | $1,945 | +$1,755 (+90.2%) |
| 2BR | $3,850 | $1,945 | +$1,905 (+97.9%) |
| 3BR | $5,333 | $2,200 | +$3,133 (+142.4%) |
| 4BR | $4,190 | $2,990 | +$1,200 (+40.1%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in November 2024.