Monthly Rent Report
Loop Rent Report — October 2023
Asking rents in ZIP 60603, Chicago, from 84 listings.
Median 1BR rent in Loop was $2,190 in October 2023, down 56.2% (−$2,810) from September 2023 and down 6.8% year-over-year. The middle half of 1BR listings asked between $1,995 and $2,245. That puts Loop $715 above the Chicago citywide 1BR median of $1,475. The month's figures are based on 84 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2023 | Vs. October 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,795 | −$60 (-3.2%) | −$67 (-3.6%) | $1,736 – $1,795 | 12 |
| 1BR | $2,190 | −$2,810 (-56.2%) | −$159 (-6.8%) | $1,995 – $2,245 | 62 |
| 1BR | $2,350 | −$2,650 (-53.0%) | +$1 (+0.0%) | $2,073 – $2,350 | 3 |
| 2BR | $4,300 | +$1,600 (+59.3%) | −$300 (-6.5%) | $2,500 – $4,300 | 5 |
| 2BR | $4,300 | +$1,600 (+59.3%) | −$300 (-6.5%) | $4,300 – $4,300 | 1 |
| 3BR | $1,250 | — | — | $1,250 – $1,250 | 1 |
Median, P25, and P75 are asking rents from listings posted in October 2023. Changes compare against the nearest prior month with data.
Loop vs. Chicago — October 2023
| Bedrooms | Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,795 | $1,200 | +$595 (+49.6%) |
| 1BR | $2,190 | $1,475 | +$715 (+48.5%) |
| 1BR | $2,350 | $1,475 | +$875 (+59.3%) |
| 2BR | $4,300 | $1,800 | +$2,500 (+138.9%) |
| 2BR | $4,300 | $1,800 | +$2,500 (+138.9%) |
| 3BR | $1,250 | $2,450 | −$1,200 (-49.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in October 2023.