Monthly Rent Report
Loop Rent Report — June 2022
Asking rents in ZIP 60603, Chicago, from 26 listings.
Median 1BR rent in Loop was $2,856 in June 2022, up 21.5% (+$506) from May 2022 and up 47.3% year-over-year. The middle half of 1BR listings asked between $2,596 and $2,936. That puts Loop $1,606 above the Chicago citywide 1BR median of $1,250. The month's figures are based on 26 listings across 3 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2022 | Vs. June 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,205 | +$483 (+28.0%) | +$710 (+47.5%) | $2,129 – $2,264 | 11 |
| 1BR | $2,856 | +$506 (+21.5%) | +$918 (+47.3%) | $2,596 – $2,936 | 14 |
| 2BR | $2,200 | −$1,600 (-42.1%) | −$1,402 (-38.9%) | $2,200 – $2,200 | 1 |
Median, P25, and P75 are asking rents from listings posted in June 2022. Changes compare against the nearest prior month with data.
Loop vs. Chicago — June 2022
| Bedrooms | Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,205 | $990 | +$1,215 (+122.7%) |
| 1BR | $2,856 | $1,250 | +$1,606 (+128.5%) |
| 2BR | $2,200 | $1,570 | +$630 (+40.1%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in June 2022.