Monthly Rent Report
Loop Rent Report — October 2022
Asking rents in ZIP 60603, Chicago, from 44 listings.
Median 1BR rent in Loop was $2,349 in October 2022, down 12.2% (−$326) from September 2022 and up 5.6% year-over-year. The middle half of 1BR listings asked between $2,199 and $2,800. That puts Loop $1,032 above the Chicago citywide 1BR median of $1,318. The month's figures are based on 44 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2022 | Vs. October 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,862 | −$237 (-11.3%) | +$128 (+7.4%) | $1,730 – $2,069 | 14 |
| Studio | $2,075 | −$24 (-1.1%) | +$341 (+19.7%) | $1,869 – $2,125 | 15 |
| 1BR | $2,349 | −$326 (-12.2%) | +$124 (+5.6%) | $2,199 – $2,800 | 11 |
| 1BR | $3,000 | +$325 (+12.1%) | +$775 (+34.8%) | $3,000 – $3,000 | 1 |
| 2BR | $4,600 | +$1,100 (+31.4%) | +$1,686 (+57.9%) | $4,600 – $4,600 | 1 |
| 2BR | $4,600 | +$1,100 (+31.4%) | +$1,686 (+57.9%) | $4,600 – $4,600 | 2 |
Median, P25, and P75 are asking rents from listings posted in October 2022. Changes compare against the nearest prior month with data.
Loop vs. Chicago — October 2022
| Bedrooms | Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,862 | $1,050 | +$812 (+77.3%) |
| Studio | $2,075 | $1,050 | +$1,025 (+97.6%) |
| 1BR | $2,349 | $1,318 | +$1,032 (+78.3%) |
| 1BR | $3,000 | $1,318 | +$1,683 (+127.7%) |
| 2BR | $4,600 | $1,700 | +$2,900 (+170.6%) |
| 2BR | $4,600 | $1,700 | +$2,900 (+170.6%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in October 2022.