Monthly Rent Report
Loop Rent Report — March 2023
Asking rents in ZIP 60603, Chicago, from 49 listings.
Median 1BR rent in Loop was $2,400 in March 2023, up 46.2% (+$758) from February 2023 and up 11.6% year-over-year. The middle half of 1BR listings asked between $2,400 and $2,400. That puts Loop $1,004 above the Chicago citywide 1BR median of $1,396. The month's figures are based on 49 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2023 | Vs. March 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,040 | −$75 (-3.6%) | +$445 (+27.9%) | $1,778 – $2,229 | 18 |
| Studio | $1,645 | −$470 (-22.2%) | +$50 (+3.1%) | $1,645 – $1,645 | 1 |
| 1BR | $2,400 | +$758 (+46.2%) | +$250 (+11.6%) | $2,400 – $2,400 | 1 |
| 1BR | $2,412 | +$770 (+46.9%) | +$262 (+12.2%) | $2,285 – $2,594 | 18 |
| 2BR | $4,300 | +$878 (+25.6%) | +$2,368 (+122.6%) | $4,300 – $4,300 | 1 |
| 2BR | $3,630 | +$208 (+6.1%) | +$1,698 (+87.9%) | $3,404 – $3,883 | 6 |
| 3BR | $1,575 | $0 (0.0%) | — | $1,575 – $1,575 | 3 |
| 3BR | $1,575 | $0 (0.0%) | — | $1,575 – $1,575 | 1 |
Median, P25, and P75 are asking rents from listings posted in March 2023. Changes compare against the nearest prior month with data.
Loop vs. Chicago — March 2023
| Bedrooms | Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,040 | $1,204 | +$836 (+69.4%) |
| Studio | $1,645 | $1,204 | +$441 (+36.7%) |
| 1BR | $2,400 | $1,396 | +$1,004 (+71.9%) |
| 1BR | $2,412 | $1,396 | +$1,016 (+72.7%) |
| 2BR | $4,300 | $1,698 | +$2,603 (+153.3%) |
| 2BR | $3,630 | $1,698 | +$1,933 (+113.8%) |
| 3BR | $1,575 | $2,200 | −$625 (-28.4%) |
| 3BR | $1,575 | $2,200 | −$625 (-28.4%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in March 2023.