Monthly Rent Report
Loop Rent Report — September 2023
Asking rents in ZIP 60603, Chicago, from 9 listings.
Median 1BR rent in Loop was $5,000 in September 2023, up 143.9% (+$2,950) from August 2023 and up 92.3% year-over-year. The middle half of 1BR listings asked between $3,600 and $5,000. That puts Loop $3,550 above the Chicago citywide 1BR median of $1,450. The month's figures are based on 9 listings across 4 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2023 | Vs. September 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,855 | −$95 (-4.9%) | −$244 (-11.6%) | $1,774 – $1,924 | 4 |
| 1BR | $5,000 | +$2,950 (+143.9%) | +$2,400 (+92.3%) | $3,600 – $5,000 | 3 |
| 2BR | $4,500 | +$1,205 (+36.6%) | +$1,000 (+28.6%) | $4,500 – $4,500 | 1 |
| 2BR | $2,700 | −$595 (-18.1%) | −$800 (-22.9%) | $2,700 – $2,700 | 1 |
Median, P25, and P75 are asking rents from listings posted in September 2023. Changes compare against the nearest prior month with data.
Loop vs. Chicago — September 2023
| Bedrooms | Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,855 | $1,238 | +$618 (+49.9%) |
| 1BR | $5,000 | $1,450 | +$3,550 (+244.8%) |
| 2BR | $4,500 | $1,738 | +$2,763 (+159.0%) |
| 2BR | $2,700 | $1,738 | +$963 (+55.4%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in September 2023.