Apartment Rent in West Loop
Chicago, Illinois · IL
Avg 1BR Rent $1,600 /month
Rent by Bedroom Count
Studio $1,200/mo ~448 sq ft $2.68/sq ft
1 Bedroom $1,600/mo ~622 sq ft $2.57/sq ft
2 Bedrooms $2,450/mo ~902 sq ft $2.72/sq ft
3 Bedrooms $3,200/mo ~1151 sq ft $2.78/sq ft
Market Metrics
Year-over-Year Change +0.1% Stable market
Vacancy Rate 2.4% Very tight supply
Walk Score 90/100 Walker's Paradise
Transit Score 23/100 Some Transit
What to Budget
At $1,600/mo for a 1-bedroom in West Loop, you should budget at least $4,800/mo in gross income (the standard 30% rule). For a studio at $1,200/mo, you'd need roughly $3,600/mo.
Studio income needed $3,600/mo
1BR income needed $4,800/mo
2BR income needed $7,350/mo
Moving to West Loop?
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