Monthly Rent Report
Loop Rent Report — December 2023
Asking rents in ZIP 60603, Chicago, from 83 listings.
Median 1BR rent in Loop was $2,195 in December 2023, up 0.2% (+$5) from November 2023 and down 17.9% year-over-year. The middle half of 1BR listings asked between $1,895 and $2,345. That puts Loop $740 above the Chicago citywide 1BR median of $1,455. The month's figures are based on 83 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2023 | Vs. December 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,840 | +$55 (+3.1%) | −$267 (-12.7%) | $1,816 – $1,855 | 8 |
| Studio | $1,790 | +$5 (+0.3%) | −$317 (-15.0%) | $1,790 – $1,790 | 1 |
| 1BR | $2,195 | +$5 (+0.2%) | −$480 (-17.9%) | $1,895 – $2,345 | 47 |
| 1BR | $2,350 | +$160 (+7.3%) | −$325 (-12.1%) | $2,138 – $2,450 | 6 |
| 2BR | $3,500 | +$714 (+25.6%) | +$238 (+7.3%) | $3,088 – $4,125 | 6 |
| 2BR | $3,500 | +$714 (+25.6%) | +$238 (+7.3%) | $3,018 – $3,950 | 15 |
Median, P25, and P75 are asking rents from listings posted in December 2023. Changes compare against the nearest prior month with data.
Loop vs. Chicago — December 2023
| Bedrooms | Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,840 | $1,218 | +$623 (+51.1%) |
| Studio | $1,790 | $1,218 | +$573 (+47.0%) |
| 1BR | $2,195 | $1,455 | +$740 (+50.9%) |
| 1BR | $2,350 | $1,455 | +$895 (+61.5%) |
| 2BR | $3,500 | $1,800 | +$1,700 (+94.4%) |
| 2BR | $3,500 | $1,800 | +$1,700 (+94.4%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in December 2023.