Monthly Rent Report
Loop Rent Report — July 2022
Asking rents in ZIP 60603, Chicago, from 92 listings.
Median 1BR rent in Loop was $2,198 in July 2022, down 23.1% (−$658) from June 2022 and down 6.3% year-over-year. The middle half of 1BR listings asked between $1,996 and $2,399. That puts Loop $973 above the Chicago citywide 1BR median of $1,225. The month's figures are based on 92 listings across 5 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2022 | Vs. July 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,205 | $0 (0.0%) | +$489 (+28.5%) | $2,081 – $2,290 | 39 |
| 1BR | $2,198 | −$658 (-23.1%) | −$146 (-6.3%) | $1,996 – $2,399 | 2 |
| 1BR | $2,842 | −$14 (-0.5%) | +$498 (+21.2%) | $2,621 – $2,999 | 28 |
| 2BR | $3,868 | +$1,668 (+75.8%) | +$509 (+15.2%) | $3,203 – $4,263 | 19 |
| 2BR | $3,000 | +$800 (+36.4%) | −$359 (-10.7%) | $2,775 – $3,488 | 4 |
Median, P25, and P75 are asking rents from listings posted in July 2022. Changes compare against the nearest prior month with data.
Loop vs. Chicago — July 2022
| Bedrooms | Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,205 | $1,104 | +$1,101 (+99.8%) |
| 1BR | $2,198 | $1,225 | +$973 (+79.4%) |
| 1BR | $2,842 | $1,225 | +$1,617 (+132.0%) |
| 2BR | $3,868 | $1,695 | +$2,173 (+128.2%) |
| 2BR | $3,000 | $1,695 | +$1,305 (+77.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in July 2022.