Monthly Rent Report
Loop Rent Report — November 2022
Asking rents in ZIP 60603, Chicago, from 99 listings.
Median 1BR rent in Loop was $2,349 in November 2022, down 21.7% (−$651) from October 2022 and up 2.1% year-over-year. The middle half of 1BR listings asked between $2,199 and $2,850. That puts Loop $949 above the Chicago citywide 1BR median of $1,400. The month's figures are based on 99 listings across 7 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2022 | Vs. November 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,107 | +$245 (+13.2%) | +$373 (+21.5%) | $1,896 – $2,261 | 16 |
| Studio | $1,595 | −$267 (-14.3%) | −$139 (-8.0%) | $1,595 – $1,595 | 1 |
| 1BR | $2,349 | −$651 (-21.7%) | +$49 (+2.1%) | $2,199 – $2,850 | 45 |
| 1BR | $2,500 | −$500 (-16.7%) | +$200 (+8.7%) | $2,337 – $2,866 | 8 |
| 2BR | $4,600 | $0 (0.0%) | +$2,699 (+142.0%) | $4,600 – $4,600 | 1 |
| 2BR | $3,385 | −$1,215 (-26.4%) | +$1,484 (+78.1%) | $3,075 – $3,460 | 27 |
| 3BR | $1,350 | — | — | $1,350 – $1,350 | 1 |
Median, P25, and P75 are asking rents from listings posted in November 2022. Changes compare against the nearest prior month with data.
Loop vs. Chicago — November 2022
| Bedrooms | Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,107 | $1,120 | +$987 (+88.1%) |
| Studio | $1,595 | $1,120 | +$475 (+42.4%) |
| 1BR | $2,349 | $1,400 | +$949 (+67.8%) |
| 1BR | $2,500 | $1,400 | +$1,100 (+78.5%) |
| 2BR | $4,600 | $1,700 | +$2,900 (+170.6%) |
| 2BR | $3,385 | $1,700 | +$1,685 (+99.1%) |
| 3BR | $1,350 | $2,100 | −$750 (-35.7%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in November 2022.