Monthly Rent Report
Loop Rent Report — January 2024
Asking rents in ZIP 60603, Chicago, from 126 listings.
Median 1BR rent in Loop was $2,190 in January 2024, down 6.8% (−$160) from December 2023 and down 8.8% year-over-year. The middle half of 1BR listings asked between $1,920 and $2,295. That puts Loop $673 above the Chicago citywide 1BR median of $1,517. The month's figures are based on 126 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2023 | Vs. January 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,835 | −$5 (-0.3%) | −$280 (-13.3%) | $1,810 – $1,855 | 8 |
| Studio | $1,835 | −$5 (-0.3%) | −$280 (-13.3%) | $1,810 – $1,855 | 8 |
| 1BR | $2,190 | −$160 (-6.8%) | −$210 (-8.8%) | $1,920 – $2,295 | 45 |
| 1BR | $2,190 | −$160 (-6.8%) | −$210 (-8.8%) | $1,920 – $2,295 | 45 |
| 2BR | $3,192 | −$308 (-8.8%) | +$492 (+18.2%) | $2,819 – $3,713 | 10 |
| 2BR | $3,192 | −$308 (-8.8%) | +$492 (+18.2%) | $2,819 – $3,713 | 10 |
Median, P25, and P75 are asking rents from listings posted in January 2024. Changes compare against the nearest prior month with data.
Loop vs. Chicago — January 2024
| Bedrooms | Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,835 | $1,225 | +$610 (+49.8%) |
| Studio | $1,835 | $1,225 | +$610 (+49.8%) |
| 1BR | $2,190 | $1,517 | +$673 (+44.4%) |
| 1BR | $2,190 | $1,517 | +$673 (+44.4%) |
| 2BR | $3,192 | $1,800 | +$1,392 (+77.3%) |
| 2BR | $3,192 | $1,800 | +$1,392 (+77.3%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in January 2024.