Monthly Rent Report
Loop Rent Report — February 2024
Asking rents in ZIP 60603, Chicago, from 108 listings.
Median 1BR rent in Loop was $2,106 in February 2024, down 3.8% (−$84) from January 2024 and down 12.7% year-over-year. The middle half of 1BR listings asked between $1,920 and $2,259. That puts Loop $606 above the Chicago citywide 1BR median of $1,500. The month's figures are based on 108 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2024 | Vs. February 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,876 | +$42 (+2.3%) | −$239 (-11.3%) | $1,876 – $1,916 | 7 |
| Studio | $1,876 | +$42 (+2.3%) | −$239 (-11.3%) | $1,876 – $1,955 | 9 |
| 1BR | $2,106 | −$84 (-3.8%) | −$306 (-12.7%) | $1,920 – $2,259 | 25 |
| 1BR | $2,195 | +$5 (+0.2%) | −$217 (-9.0%) | $1,920 – $2,259 | 36 |
| 2BR | $3,343 | +$151 (+4.7%) | +$493 (+17.3%) | $2,830 – $4,150 | 16 |
| 2BR | $3,600 | +$408 (+12.8%) | +$750 (+26.3%) | $2,830 – $4,200 | 15 |
Median, P25, and P75 are asking rents from listings posted in February 2024. Changes compare against the nearest prior month with data.
Loop vs. Chicago — February 2024
| Bedrooms | Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,876 | $1,211 | +$665 (+54.9%) |
| Studio | $1,876 | $1,211 | +$665 (+54.9%) |
| 1BR | $2,106 | $1,500 | +$606 (+40.4%) |
| 1BR | $2,195 | $1,500 | +$695 (+46.3%) |
| 2BR | $3,343 | $1,813 | +$1,530 (+84.4%) |
| 2BR | $3,600 | $1,813 | +$1,788 (+98.6%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in February 2024.