Monthly Rent Report
Loop Rent Report — April 2024
Asking rents in ZIP 60603, Chicago, from 153 listings.
Median 1BR rent in Loop was $2,190 in April 2024, down 0.2% (−$5) from March 2024 and down 3.4% year-over-year. The middle half of 1BR listings asked between $1,930 and $2,315. That puts Loop $690 above the Chicago citywide 1BR median of $1,500. The month's figures are based on 153 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2024 | Vs. April 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,842 | +$62 (+3.5%) | +$172 (+10.3%) | $1,724 – $1,920 | 14 |
| Studio | $1,842 | +$62 (+3.5%) | +$172 (+10.3%) | $1,695 – $1,920 | 7 |
| 1BR | $2,190 | −$5 (-0.2%) | −$77 (-3.4%) | $1,930 – $2,315 | 33 |
| 1BR | $2,190 | −$5 (-0.2%) | −$77 (-3.4%) | $1,930 – $2,270 | 71 |
| 2BR | $3,800 | −$200 (-5.0%) | +$705 (+22.8%) | $3,500 – $3,950 | 17 |
| 2BR | $3,500 | −$500 (-12.5%) | +$405 (+13.1%) | $3,075 – $3,700 | 11 |
Median, P25, and P75 are asking rents from listings posted in April 2024. Changes compare against the nearest prior month with data.
Loop vs. Chicago — April 2024
| Bedrooms | Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,842 | $1,222 | +$620 (+50.7%) |
| Studio | $1,842 | $1,222 | +$620 (+50.7%) |
| 1BR | $2,190 | $1,500 | +$690 (+46.0%) |
| 1BR | $2,190 | $1,500 | +$690 (+46.0%) |
| 2BR | $3,800 | $1,850 | +$1,950 (+105.4%) |
| 2BR | $3,500 | $1,850 | +$1,650 (+89.2%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in April 2024.