Monthly Rent Report
Loop Rent Report — June 2024
Asking rents in ZIP 60603, Chicago, from 241 listings.
Median 1BR rent in Loop was $3,000 in June 2024, up 43.5% (+$910) from May 2024 and up 33.6% year-over-year. The middle half of 1BR listings asked between $3,000 and $3,000. That puts Loop $1,501 above the Chicago citywide 1BR median of $1,499. The month's figures are based on 241 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2024 | Vs. June 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,955 | $0 (0.0%) | +$160 (+8.9%) | $1,920 – $2,055 | 45 |
| Studio | $1,955 | $0 (0.0%) | +$160 (+8.9%) | $1,895 – $2,048 | 79 |
| 1BR | $3,000 | +$910 (+43.5%) | +$755 (+33.6%) | $3,000 – $3,000 | 1 |
| 1BR | $2,315 | +$225 (+10.8%) | +$70 (+3.1%) | $2,045 – $2,405 | 75 |
| 2BR | $3,200 | $0 (0.0%) | −$500 (-13.5%) | $3,085 – $3,550 | 15 |
| 2BR | $3,143 | −$57 (-1.8%) | −$557 (-15.1%) | $3,068 – $3,488 | 26 |
Median, P25, and P75 are asking rents from listings posted in June 2024. Changes compare against the nearest prior month with data.
Loop vs. Chicago — June 2024
| Bedrooms | Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,955 | $1,149 | +$806 (+70.1%) |
| Studio | $1,955 | $1,149 | +$806 (+70.1%) |
| 1BR | $3,000 | $1,499 | +$1,501 (+100.2%) |
| 1BR | $2,315 | $1,499 | +$816 (+54.5%) |
| 2BR | $3,200 | $1,899 | +$1,301 (+68.5%) |
| 2BR | $3,143 | $1,899 | +$1,244 (+65.5%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in June 2024.