Monthly Rent Report
Loop Rent Report — January 2023
Asking rents in ZIP 60603, Chicago, from 88 listings.
Median 1BR rent in Loop was $2,400 in January 2023, down 10.3% (−$275) from December 2022 and up 41.6% year-over-year. The middle half of 1BR listings asked between $2,400 and $2,400. That puts Loop $1,050 above the Chicago citywide 1BR median of $1,350. The month's figures are based on 88 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2022 | Vs. January 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,115 | $0 (0.0%) | +$217 (+11.4%) | $1,980 – $2,251 | 37 |
| Studio | $1,850 | −$265 (-12.5%) | −$48 (-2.5%) | $1,850 – $1,850 | 1 |
| 1BR | $2,400 | −$275 (-10.3%) | +$705 (+41.6%) | $2,400 – $2,400 | 1 |
| 1BR | $2,625 | −$50 (-1.9%) | +$930 (+54.9%) | $2,362 – $2,866 | 24 |
| 2BR | $2,700 | −$562 (-17.2%) | −$214 (-7.3%) | $2,700 – $2,700 | 1 |
| 2BR | $3,325 | +$63 (+1.9%) | +$411 (+14.1%) | $2,944 – $3,460 | 20 |
| 3BR | $1,507 | — | — | $1,507 – $1,507 | 2 |
| 3BR | $1,507 | — | — | $1,507 – $1,507 | 2 |
Median, P25, and P75 are asking rents from listings posted in January 2023. Changes compare against the nearest prior month with data.
Loop vs. Chicago — January 2023
| Bedrooms | Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,115 | $1,061 | +$1,054 (+99.3%) |
| Studio | $1,850 | $1,061 | +$789 (+74.3%) |
| 1BR | $2,400 | $1,350 | +$1,050 (+77.8%) |
| 1BR | $2,625 | $1,350 | +$1,275 (+94.4%) |
| 2BR | $2,700 | $1,698 | +$1,003 (+59.1%) |
| 2BR | $3,325 | $1,698 | +$1,628 (+95.9%) |
| 3BR | $1,507 | $2,123 | −$615 (-29.0%) |
| 3BR | $1,507 | $2,123 | −$615 (-29.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in January 2023.