Monthly Rent Report
Loop Rent Report — April 2023
Asking rents in ZIP 60603, Chicago, from 91 listings.
Median 1BR rent in Loop was $2,349 in April 2023, down 2.6% (−$63) from March 2023 and up 7.4% year-over-year. The middle half of 1BR listings asked between $2,349 and $2,349. That puts Loop $924 above the Chicago citywide 1BR median of $1,425. The month's figures are based on 91 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2023 | Vs. April 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,670 | −$369 (-18.1%) | +$75 (+4.7%) | $1,645 – $1,736 | 10 |
| Studio | $1,670 | −$369 (-18.1%) | +$75 (+4.7%) | $1,645 – $1,736 | 10 |
| 1BR | $2,349 | −$63 (-2.6%) | +$162 (+7.4%) | $2,349 – $2,349 | 3 |
| 1BR | $2,268 | −$144 (-6.0%) | +$80 (+3.7%) | $1,995 – $2,295 | 52 |
| 2BR | $1,860 | −$1,770 (-48.8%) | −$1,710 (-47.9%) | $1,860 – $1,860 | 1 |
| 2BR | $3,095 | −$535 (-14.7%) | −$475 (-13.3%) | $2,760 – $3,800 | 15 |
Median, P25, and P75 are asking rents from listings posted in April 2023. Changes compare against the nearest prior month with data.
Loop vs. Chicago — April 2023
| Bedrooms | Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,670 | $1,195 | +$475 (+39.7%) |
| Studio | $1,670 | $1,195 | +$475 (+39.7%) |
| 1BR | $2,349 | $1,425 | +$924 (+64.8%) |
| 1BR | $2,268 | $1,425 | +$843 (+59.1%) |
| 2BR | $1,860 | $1,725 | +$135 (+7.8%) |
| 2BR | $3,095 | $1,725 | +$1,370 (+79.4%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in April 2023.