Monthly Rent Report
Loop Rent Report — January 2022
Asking rents in ZIP 60603, Chicago, from 12 listings.
Median 1BR rent in Loop was $1,695 in January 2022, down 29.4% (−$705) from December 2021 and up 19.4% year-over-year. The middle half of 1BR listings asked between $1,695 and $1,695. That puts Loop $410 above the Chicago citywide 1BR median of $1,285. The month's figures are based on 12 listings across 4 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2021 | Vs. January 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,898 | $0 (0.0%) | +$256 (+15.6%) | $1,898 – $1,898 | 2 |
| 1BR | $1,695 | −$705 (-29.4%) | +$275 (+19.4%) | $1,695 – $1,695 | 1 |
| 1BR | $1,695 | −$705 (-29.4%) | +$275 (+19.4%) | $1,695 – $1,720 | 4 |
| 2BR | $2,914 | +$1,277 (+78.0%) | −$86 (-2.9%) | $2,914 – $2,914 | 5 |
Median, P25, and P75 are asking rents from listings posted in January 2022. Changes compare against the nearest prior month with data.
Loop vs. Chicago — January 2022
| Bedrooms | Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,898 | $1,000 | +$898 (+89.8%) |
| 1BR | $1,695 | $1,285 | +$410 (+31.9%) |
| 1BR | $1,695 | $1,285 | +$410 (+31.9%) |
| 2BR | $2,914 | $1,500 | +$1,414 (+94.3%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in January 2022.