Monthly Rent Report
Loop Rent Report — February 2022
Asking rents in ZIP 60603, Chicago, from 12 listings.
Median 1BR rent in Loop was $2,100 in February 2022, up 23.9% (+$405) from January 2022 and down 15.3% year-over-year. The middle half of 1BR listings asked between $2,000 and $2,400. That puts Loop $850 above the Chicago citywide 1BR median of $1,250. The month's figures are based on 12 listings across 3 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2022 | Vs. February 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,905 | +$7 (+0.4%) | +$15 (+0.8%) | $1,878 – $1,933 | 2 |
| 1BR | $2,100 | +$405 (+23.9%) | −$380 (-15.3%) | $2,000 – $2,400 | 3 |
| 2BR | $3,570 | +$656 (+22.5%) | +$1,120 (+45.7%) | $2,625 – $3,735 | 7 |
Median, P25, and P75 are asking rents from listings posted in February 2022. Changes compare against the nearest prior month with data.
Loop vs. Chicago — February 2022
| Bedrooms | Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,905 | $1,028 | +$877 (+85.3%) |
| 1BR | $2,100 | $1,250 | +$850 (+68.0%) |
| 2BR | $3,570 | $1,600 | +$1,970 (+123.1%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in February 2022.