West Loop Rent Trends
Chicago, IL · August 2026 · median asking rents from leased listings
Data through August 2026 · Last updated September 10, 2026 · Next release: early October 2026
- Median asking rent
- $2,809
- Effective rent
- $2,775
- Vs. Chicago median
- +11%
- Avg days to lease
- 16
- Active rentals now
- 516
Median asking rent over time
Asking rentEffective rent (after concessions)Concession spread
Studio
$2,378
— YoY · as of August 2026
1 bedroom
$2,746
+1.9% YoY · as of August 2026
2 bedroom
$4,057
— YoY · as of August 2026
3+ bedroom
$5,757
— YoY · as of August 2026
Source: MLS (leased rental listings) + Abode managed communities (Dynamics 365). Figures suppressed below 10 listings/month. Methodology
Data through August 2026 · Last updated September 10, 2026 · Next release: early October 2026
West Loop renting, answered
- What is the average rent in West Loop?
- As of August 2026, the median asking rent in West Loop is $2,809 per month, based on 1000 leased listings. By size, the median is $2,746 for a 1 bedroom and $4,057 for a 2 bedroom.
- Are rents in West Loop going up or down?
- Median asking rent in West Loop is down 1.7% compared with a year ago.
- Is West Loop more expensive than Chicago overall?
- West Loop's median asking rent is 11% above the Chicago citywide median of $2,535.
- How quickly do rentals lease in West Loop?
- Over the last 90 days, rentals in West Loop leased in an average of 16 days, with 516 active listings on the market right now.
Beyond the numbers
Get to know West Loop
Restaurants, parks, transit, and what living here actually feels like — in our full neighborhood guide.
Read the West Loop guide →Thinking about West Loop?
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