Monthly Rent Report
Loop Rent Report — November 2023
Asking rents in ZIP 60603, Chicago, from 110 listings.
Median 1BR rent in Loop was $2,190 in November 2023, down 6.8% (−$160) from October 2023 and down 12.4% year-over-year. The middle half of 1BR listings asked between $1,895 and $2,288. That puts Loop $687 above the Chicago citywide 1BR median of $1,504. The month's figures are based on 110 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2023 | Vs. November 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,785 | −$10 (-0.6%) | +$190 (+11.9%) | $1,785 – $1,820 | 7 |
| Studio | $1,785 | −$10 (-0.6%) | +$190 (+11.9%) | $1,763 – $1,818 | 4 |
| 1BR | $2,190 | −$160 (-6.8%) | −$309 (-12.4%) | $1,895 – $2,288 | 56 |
| 1BR | $2,115 | −$235 (-10.0%) | −$384 (-15.4%) | $1,895 – $2,249 | 18 |
| 2BR | $3,700 | −$600 (-14.0%) | +$315 (+9.3%) | $3,109 – $4,200 | 23 |
| 2BR | $2,786 | −$1,514 (-35.2%) | −$599 (-17.7%) | $2,786 – $2,786 | 2 |
Median, P25, and P75 are asking rents from listings posted in November 2023. Changes compare against the nearest prior month with data.
Loop vs. Chicago — November 2023
| Bedrooms | Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,785 | $1,160 | +$625 (+53.9%) |
| Studio | $1,785 | $1,160 | +$625 (+53.9%) |
| 1BR | $2,190 | $1,504 | +$687 (+45.7%) |
| 1BR | $2,115 | $1,504 | +$612 (+40.7%) |
| 2BR | $3,700 | $1,800 | +$1,900 (+105.6%) |
| 2BR | $2,786 | $1,800 | +$986 (+54.8%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in November 2023.