Monthly Rent Report
Loop Rent Report — December 2022
Asking rents in ZIP 60603, Chicago, from 73 listings.
Median 1BR rent in Loop was $2,400 in December 2022, up 2.2% (+$51) from November 2022 and unchanged year-over-year. The middle half of 1BR listings asked between $2,400 and $2,400. That puts Loop $1,055 above the Chicago citywide 1BR median of $1,345. The month's figures are based on 73 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2022 | Vs. December 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,115 | +$520 (+32.6%) | +$217 (+11.4%) | $1,960 – $2,261 | 28 |
| Studio | $2,107 | +$512 (+32.1%) | +$209 (+11.0%) | $1,919 – $2,240 | 14 |
| 1BR | $2,400 | +$51 (+2.2%) | $0 (0.0%) | $2,400 – $2,400 | 1 |
| 1BR | $2,675 | +$326 (+13.9%) | +$275 (+11.5%) | $2,500 – $2,883 | 7 |
| 2BR | $3,325 | −$1,275 (-27.7%) | +$1,688 (+103.1%) | $3,150 – $3,423 | 15 |
| 2BR | $3,263 | −$1,337 (-29.1%) | +$1,626 (+99.3%) | $3,200 – $3,404 | 8 |
Median, P25, and P75 are asking rents from listings posted in December 2022. Changes compare against the nearest prior month with data.
Loop vs. Chicago — December 2022
| Bedrooms | Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,115 | $1,050 | +$1,065 (+101.4%) |
| Studio | $2,107 | $1,050 | +$1,057 (+100.7%) |
| 1BR | $2,400 | $1,345 | +$1,055 (+78.4%) |
| 1BR | $2,675 | $1,345 | +$1,330 (+98.9%) |
| 2BR | $3,325 | $1,675 | +$1,650 (+98.5%) |
| 2BR | $3,263 | $1,675 | +$1,588 (+94.8%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in December 2022.