Monthly Rent Report
Loop Rent Report — July 2024
Asking rents in ZIP 60603, Chicago, from 126 listings.
Median 1BR rent in Loop was $2,288 in July 2024, down 1.2% (−$27) from June 2024 and up 1.8% year-over-year. The middle half of 1BR listings asked between $2,244 and $2,331. That puts Loop $728 above the Chicago citywide 1BR median of $1,560. The month's figures are based on 126 listings across 7 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2024 | Vs. July 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,942 | −$13 (-0.7%) | −$8 (-0.4%) | $1,920 – $2,040 | 54 |
| Studio | $1,935 | −$20 (-1.0%) | −$15 (-0.8%) | $1,920 – $2,040 | 29 |
| 1BR | $2,288 | −$27 (-1.2%) | +$40 (+1.8%) | $2,244 – $2,331 | 2 |
| 1BR | $2,291 | −$24 (-1.1%) | +$43 (+1.9%) | $2,100 – $2,409 | 32 |
| 2BR | $4,125 | +$925 (+28.9%) | +$903 (+28.0%) | $3,663 – $4,588 | 2 |
| 2BR | $3,168 | −$32 (-1.0%) | −$55 (-1.7%) | $2,962 – $3,250 | 6 |
| 3BR | $9,000 | — | +$5,125 (+132.3%) | $9,000 – $9,000 | 1 |
Median, P25, and P75 are asking rents from listings posted in July 2024. Changes compare against the nearest prior month with data.
Loop vs. Chicago — July 2024
| Bedrooms | Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,942 | $1,218 | +$723 (+59.4%) |
| Studio | $1,935 | $1,218 | +$717 (+58.8%) |
| 1BR | $2,288 | $1,560 | +$728 (+46.6%) |
| 1BR | $2,291 | $1,560 | +$731 (+46.8%) |
| 2BR | $4,125 | $1,805 | +$2,320 (+128.5%) |
| 2BR | $3,168 | $1,805 | +$1,363 (+75.5%) |
| 3BR | $9,000 | $2,363 | +$6,638 (+281.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in July 2024.