Monthly Rent Report
Loop Rent Report — February 2023
Asking rents in ZIP 60603, Chicago, from 121 listings.
Median 1BR rent in Loop was $2,412 in February 2023, up 0.5% (+$12) from January 2023 and up 14.9% year-over-year. The middle half of 1BR listings asked between $2,200 and $2,850. That puts Loop $1,012 above the Chicago citywide 1BR median of $1,400. The month's figures are based on 121 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2023 | Vs. February 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,115 | +$265 (+14.3%) | +$210 (+11.0%) | $1,893 – $2,251 | 27 |
| Studio | $2,115 | +$265 (+14.3%) | +$210 (+11.0%) | $1,896 – $2,251 | 40 |
| 1BR | $2,412 | +$12 (+0.5%) | +$312 (+14.9%) | $2,200 – $2,850 | 30 |
| 1BR | $1,642 | −$758 (-31.6%) | −$458 (-21.8%) | $1,642 – $1,642 | 1 |
| 2BR | $3,423 | +$98 (+2.9%) | −$147 (-4.1%) | $3,327 – $3,573 | 12 |
| 2BR | $2,850 | −$475 (-14.3%) | −$720 (-20.2%) | $2,850 – $2,850 | 1 |
| 3BR | $1,575 | +$68 (+4.5%) | — | $1,494 – $1,575 | 4 |
| 3BR | $1,575 | +$68 (+4.5%) | — | $1,494 – $1,575 | 4 |
| 4BR | $2,200 | — | — | $2,200 – $2,200 | 1 |
| 4BR | $2,200 | — | — | $2,200 – $2,200 | 1 |
Median, P25, and P75 are asking rents from listings posted in February 2023. Changes compare against the nearest prior month with data.
Loop vs. Chicago — February 2023
| Bedrooms | Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,115 | $1,149 | +$966 (+84.1%) |
| Studio | $2,115 | $1,149 | +$966 (+84.1%) |
| 1BR | $2,412 | $1,400 | +$1,012 (+72.3%) |
| 1BR | $1,642 | $1,400 | +$242 (+17.3%) |
| 2BR | $3,423 | $1,695 | +$1,728 (+101.9%) |
| 2BR | $2,850 | $1,695 | +$1,155 (+68.1%) |
| 3BR | $1,575 | $2,188 | −$612 (-28.0%) |
| 3BR | $1,575 | $2,188 | −$612 (-28.0%) |
| 4BR | $2,200 | $2,393 | −$192 (-8.0%) |
| 4BR | $2,200 | $2,393 | −$192 (-8.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in February 2023.