Monthly Rent Report
West Loop Rent Report — December 2024
Asking rents in ZIP 60661, Chicago, from 623 listings.
Median 1BR rent in West Loop was $2,600 in December 2024, up 21.5% (+$460) from November 2024 and down 2.3% year-over-year. The middle half of 1BR listings asked between $2,300 and $2,750. That puts West Loop $950 above the Chicago citywide 1BR median of $1,650. The month's figures are based on 623 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2024 | Vs. December 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,827 | −$321 (-14.9%) | −$68 (-3.6%) | $1,630 – $2,114 | 495 |
| 1BR | $2,600 | +$460 (+21.5%) | −$61 (-2.3%) | $2,300 – $2,750 | 9 |
| 1BR | $2,600 | +$460 (+21.5%) | −$61 (-2.3%) | $2,300 – $2,750 | 9 |
| 2BR | $3,200 | −$650 (-16.9%) | −$415 (-11.5%) | $3,200 – $3,200 | 1 |
| 2BR | $3,100 | −$750 (-19.5%) | −$515 (-14.2%) | $2,950 – $3,325 | 8 |
| 3BR | $5,455 | +$122 (+2.3%) | +$205 (+3.9%) | $5,156 – $6,862 | 99 |
| 4BR | $5,200 | +$1,010 (+24.1%) | −$2,300 (-30.7%) | $5,200 – $5,200 | 1 |
| 4BR | $5,200 | +$1,010 (+24.1%) | −$2,300 (-30.7%) | $5,200 – $5,200 | 1 |
Median, P25, and P75 are asking rents from listings posted in December 2024. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — December 2024
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,827 | $1,385 | +$442 (+31.9%) |
| 1BR | $2,600 | $1,650 | +$950 (+57.6%) |
| 1BR | $2,600 | $1,650 | +$950 (+57.6%) |
| 2BR | $3,200 | $1,953 | +$1,248 (+63.9%) |
| 2BR | $3,100 | $1,953 | +$1,148 (+58.8%) |
| 3BR | $5,455 | $2,395 | +$3,060 (+127.8%) |
| 4BR | $5,200 | $2,850 | +$2,350 (+82.5%) |
| 4BR | $5,200 | $2,850 | +$2,350 (+82.5%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in December 2024.