Monthly Rent Report
Loop Rent Report — August 2024
Asking rents in ZIP 60603, Chicago, from 155 listings.
Median 1BR rent in Loop was $2,225 in August 2024, down 2.7% (−$62) from July 2024 and up 8.5% year-over-year. The middle half of 1BR listings asked between $2,225 and $2,225. That puts Loop $687 above the Chicago citywide 1BR median of $1,538. The month's figures are based on 155 listings across 5 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,930 | −$11 (-0.6%) | −$20 (-1.0%) | $1,895 – $1,995 | 73 |
| 1BR | $2,225 | −$62 (-2.7%) | +$175 (+8.5%) | $2,225 – $2,225 | 1 |
| 1BR | $2,265 | −$22 (-1.0%) | +$215 (+10.5%) | $2,125 – $2,365 | 63 |
| 2BR | $3,812 | −$313 (-7.6%) | +$517 (+15.7%) | $3,161 – $4,000 | 16 |
| 3BR | $9,000 | $0 (0.0%) | — | $9,000 – $9,000 | 2 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
Loop vs. Chicago — August 2024
| Bedrooms | Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,930 | $1,190 | +$740 (+62.2%) |
| 1BR | $2,225 | $1,538 | +$687 (+44.7%) |
| 1BR | $2,265 | $1,538 | +$727 (+47.3%) |
| 2BR | $3,812 | $1,823 | +$1,990 (+109.2%) |
| 3BR | $9,000 | $2,300 | +$6,700 (+291.3%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2024.