Monthly Rent Report
Loop Rent Report — September 2022
Asking rents in ZIP 60603, Chicago, from 177 listings.
Median 1BR rent in Loop was $2,675 in September 2022, up 57.8% (+$980) from August 2022 and up 28.3% year-over-year. The middle half of 1BR listings asked between $2,575 and $2,820. That puts Loop $1,375 above the Chicago citywide 1BR median of $1,300. The month's figures are based on 177 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2022 | Vs. September 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,099 | −$73 (-3.4%) | +$365 (+21.0%) | $1,867 – $2,173 | 58 |
| Studio | $2,099 | −$73 (-3.4%) | +$365 (+21.0%) | $1,867 – $2,173 | 58 |
| 1BR | $2,675 | +$980 (+57.8%) | +$590 (+28.3%) | $2,575 – $2,820 | 39 |
| 1BR | $2,600 | +$905 (+53.4%) | +$515 (+24.7%) | $2,600 – $2,600 | 1 |
| 2BR | $2,500 | −$1,222 (-32.8%) | −$335 (-11.8%) | $2,500 – $2,500 | 1 |
| 2BR | $3,500 | −$222 (-6.0%) | +$665 (+23.5%) | $3,383 – $3,800 | 20 |
Median, P25, and P75 are asking rents from listings posted in September 2022. Changes compare against the nearest prior month with data.
Loop vs. Chicago — September 2022
| Bedrooms | Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,099 | $1,050 | +$1,049 (+99.9%) |
| Studio | $2,099 | $1,050 | +$1,049 (+99.9%) |
| 1BR | $2,675 | $1,300 | +$1,375 (+105.8%) |
| 1BR | $2,600 | $1,300 | +$1,300 (+100.0%) |
| 2BR | $2,500 | $1,550 | +$950 (+61.3%) |
| 2BR | $3,500 | $1,550 | +$1,950 (+125.8%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in September 2022.