Monthly Rent Report
Loop Rent Report — August 2022
Asking rents in ZIP 60603, Chicago, from 141 listings.
Median 1BR rent in Loop was $2,765 in August 2022, up 25.8% (+$568) from July 2022 and up 10.6% year-over-year. The middle half of 1BR listings asked between $2,587 and $2,925. That puts Loop $1,470 above the Chicago citywide 1BR median of $1,295. The month's figures are based on 141 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2022 | Vs. August 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,172 | −$33 (-1.5%) | +$167 (+8.3%) | $1,947 – $2,250 | 46 |
| Studio | $2,172 | −$33 (-1.5%) | +$167 (+8.3%) | $1,947 – $2,250 | 30 |
| 1BR | $2,765 | +$568 (+25.8%) | +$265 (+10.6%) | $2,587 – $2,925 | 33 |
| 1BR | $1,695 | −$502 (-22.9%) | −$805 (-32.2%) | $1,695 – $1,695 | 3 |
| 2BR | $3,723 | −$145 (-3.8%) | +$123 (+3.4%) | $3,590 – $4,253 | 24 |
| 2BR | $2,245 | −$1,623 (-42.0%) | −$1,355 (-37.6%) | $2,218 – $2,780 | 3 |
| 3BR | $9,850 | — | +$8,350 (+556.7%) | $9,850 – $9,850 | 1 |
| 3BR | $9,850 | — | +$8,350 (+556.7%) | $9,850 – $9,850 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2022. Changes compare against the nearest prior month with data.
Loop vs. Chicago — August 2022
| Bedrooms | Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,172 | $1,095 | +$1,077 (+98.4%) |
| Studio | $2,172 | $1,095 | +$1,077 (+98.4%) |
| 1BR | $2,765 | $1,295 | +$1,470 (+113.5%) |
| 1BR | $1,695 | $1,295 | +$400 (+30.9%) |
| 2BR | $3,723 | $1,795 | +$1,928 (+107.4%) |
| 2BR | $2,245 | $1,795 | +$450 (+25.1%) |
| 3BR | $9,850 | $2,250 | +$7,600 (+337.8%) |
| 3BR | $9,850 | $2,250 | +$7,600 (+337.8%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2022.