Monthly Rent Report
Loop Rent Report — July 2023
Asking rents in ZIP 60603, Chicago, from 47 listings.
Median 1BR rent in Loop was $2,350 in July 2023, up 4.7% (+$105) from June 2023 and up 6.9% year-over-year. The middle half of 1BR listings asked between $2,349 and $2,350. That puts Loop $900 above the Chicago citywide 1BR median of $1,450. The month's figures are based on 47 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,950 | +$155 (+8.6%) | −$255 (-11.6%) | $1,923 – $1,973 | 3 |
| Studio | $1,950 | +$155 (+8.6%) | −$255 (-11.6%) | $1,936 – $2,026 | 8 |
| 1BR | $2,350 | +$105 (+4.7%) | +$152 (+6.9%) | $2,349 – $2,350 | 2 |
| 1BR | $2,248 | +$3 (+0.1%) | +$50 (+2.3%) | $1,984 – $2,356 | 20 |
| 2BR | $3,223 | −$477 (-12.9%) | +$223 (+7.4%) | $3,109 – $3,336 | 2 |
| 2BR | $3,223 | −$477 (-12.9%) | +$223 (+7.4%) | $2,875 – $3,496 | 8 |
| 3BR | $3,875 | −$2,625 (-40.4%) | — | $2,563 – $5,188 | 2 |
| 3BR | $3,875 | −$2,625 (-40.4%) | — | $2,563 – $5,188 | 2 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
Loop vs. Chicago — July 2023
| Bedrooms | Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,950 | $1,200 | +$750 (+62.5%) |
| Studio | $1,950 | $1,200 | +$750 (+62.5%) |
| 1BR | $2,350 | $1,450 | +$900 (+62.0%) |
| 1BR | $2,248 | $1,450 | +$798 (+55.0%) |
| 2BR | $3,223 | $1,795 | +$1,428 (+79.5%) |
| 2BR | $3,223 | $1,795 | +$1,428 (+79.5%) |
| 3BR | $3,875 | $2,273 | +$1,603 (+70.5%) |
| 3BR | $3,875 | $2,273 | +$1,603 (+70.5%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in July 2023.