Monthly Rent Report
Loop Rent Report — May 2022
Asking rents in ZIP 60603, Chicago, from 8 listings.
Median 1BR rent in Loop was $2,350 in May 2022, up 7.4% (+$163) from April 2022 and up 23.0% year-over-year. The middle half of 1BR listings asked between $2,350 and $2,350. That puts Loop $1,053 above the Chicago citywide 1BR median of $1,298. The month's figures are based on 8 listings across 3 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2022 | Vs. May 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,723 | +$128 (+8.0%) | +$394 (+29.6%) | $1,595 – $1,850 | 6 |
| 1BR | $2,350 | +$163 (+7.4%) | +$440 (+23.0%) | $2,350 – $2,350 | 1 |
| 2BR | $3,800 | +$230 (+6.4%) | +$1,925 (+102.7%) | $3,800 – $3,800 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2022. Changes compare against the nearest prior month with data.
Loop vs. Chicago — May 2022
| Bedrooms | Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,723 | $1,050 | +$673 (+64.0%) |
| 1BR | $2,350 | $1,298 | +$1,053 (+81.1%) |
| 2BR | $3,800 | $1,599 | +$2,201 (+137.7%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2022.