Monthly Rent Report
Loop Rent Report — March 2024
Asking rents in ZIP 60603, Chicago, from 80 listings.
Median 1BR rent in Loop was $2,195 in March 2024, flat versus February 2024 and down 9.0% year-over-year. The middle half of 1BR listings asked between $1,998 and $2,300. That puts Loop $691 above the Chicago citywide 1BR median of $1,505. The month's figures are based on 80 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,762 | −$114 (-6.1%) | −$277 (-13.6%) | $1,695 – $1,920 | 5 |
| Studio | $1,780 | −$96 (-5.1%) | −$259 (-12.7%) | $1,729 – $1,955 | 11 |
| 1BR | $2,195 | $0 (0.0%) | −$217 (-9.0%) | $1,998 – $2,300 | 11 |
| 1BR | $2,195 | $0 (0.0%) | −$217 (-9.0%) | $1,998 – $2,262 | 35 |
| 2BR | $4,000 | +$400 (+11.1%) | −$300 (-7.0%) | $3,595 – $4,025 | 12 |
| 2BR | $4,000 | +$400 (+11.1%) | −$300 (-7.0%) | $3,700 – $4,075 | 6 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
Loop vs. Chicago — March 2024
| Bedrooms | Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,762 | $1,225 | +$537 (+43.8%) |
| Studio | $1,780 | $1,225 | +$555 (+45.3%) |
| 1BR | $2,195 | $1,505 | +$691 (+45.9%) |
| 1BR | $2,195 | $1,505 | +$691 (+45.9%) |
| 2BR | $4,000 | $1,900 | +$2,100 (+110.5%) |
| 2BR | $4,000 | $1,900 | +$2,100 (+110.5%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in March 2024.