Monthly Rent Report
Loop Rent Report — March 2022
Asking rents in ZIP 60603, Chicago, from 6 listings.
Median 1BR rent in Loop was $2,150 in March 2022, up 2.4% (+$50) from February 2022 and up 13.2% year-over-year. The middle half of 1BR listings asked between $2,025 and $2,275. That puts Loop $920 above the Chicago citywide 1BR median of $1,230. The month's figures are based on 6 listings across 3 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2022 | Vs. March 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,595 | −$310 (-16.3%) | +$95 (+6.3%) | $1,569 – $1,723 | 3 |
| 1BR | $2,150 | +$50 (+2.4%) | +$250 (+13.2%) | $2,025 – $2,275 | 2 |
| 2BR | $1,932 | −$1,638 (-45.9%) | −$1,268 (-39.6%) | $1,932 – $1,932 | 1 |
Median, P25, and P75 are asking rents from listings posted in March 2022. Changes compare against the nearest prior month with data.
Loop vs. Chicago — March 2022
| Bedrooms | Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,595 | $950 | +$645 (+67.9%) |
| 1BR | $2,150 | $1,230 | +$920 (+74.8%) |
| 2BR | $1,932 | $1,473 | +$460 (+31.2%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in March 2022.