Monthly Rent Report
Loop Rent Report — June 2023
Asking rents in ZIP 60603, Chicago, from 74 listings.
Median 1BR rent in Loop was $2,245 in June 2023, flat versus May 2023 and down 21.4% year-over-year. The middle half of 1BR listings asked between $1,950 and $2,295. That puts Loop $845 above the Chicago citywide 1BR median of $1,400. The month's figures are based on 74 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2023 | Vs. June 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,795 | +$28 (+1.6%) | −$410 (-18.6%) | $1,683 – $2,024 | 6 |
| Studio | $1,795 | +$28 (+1.6%) | −$410 (-18.6%) | $1,683 – $2,024 | 6 |
| 1BR | $2,245 | $0 (0.0%) | −$611 (-21.4%) | $1,950 – $2,295 | 23 |
| 1BR | $2,245 | $0 (0.0%) | −$611 (-21.4%) | $1,950 – $2,295 | 23 |
| 2BR | $3,700 | −$100 (-2.6%) | +$1,500 (+68.2%) | $3,471 – $4,075 | 6 |
| 2BR | $3,700 | −$100 (-2.6%) | +$1,500 (+68.2%) | $3,471 – $4,075 | 6 |
| 3BR | $1,600 | $0 (0.0%) | — | $1,368 – $4,050 | 3 |
| 3BR | $6,500 | +$4,900 (+306.3%) | — | $6,500 – $6,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in June 2023. Changes compare against the nearest prior month with data.
Loop vs. Chicago — June 2023
| Bedrooms | Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,795 | $1,243 | +$553 (+44.5%) |
| Studio | $1,795 | $1,243 | +$553 (+44.5%) |
| 1BR | $2,245 | $1,400 | +$845 (+60.4%) |
| 1BR | $2,245 | $1,400 | +$845 (+60.4%) |
| 2BR | $3,700 | $1,700 | +$2,000 (+117.6%) |
| 2BR | $3,700 | $1,700 | +$2,000 (+117.6%) |
| 3BR | $1,600 | $2,275 | −$675 (-29.7%) |
| 3BR | $6,500 | $2,275 | +$4,225 (+185.7%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in June 2023.