Monthly Rent Report
Loop Rent Report — September 2024
Asking rents in ZIP 60603, Chicago, from 89 listings.
Median 1BR rent in Loop was $2,145 in September 2024, down 3.6% (−$80) from August 2024 and down 57.1% year-over-year. The middle half of 1BR listings asked between $2,050 and $2,365. That puts Loop $650 above the Chicago citywide 1BR median of $1,495. The month's figures are based on 89 listings across 5 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2024 | Vs. September 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,897 | −$33 (-1.7%) | +$42 (+2.3%) | $1,795 – $1,985 | 37 |
| 1BR | $2,145 | −$80 (-3.6%) | −$2,855 (-57.1%) | $2,050 – $2,365 | 31 |
| 2BR | $3,263 | −$549 (-14.4%) | +$563 (+20.9%) | $3,135 – $3,900 | 19 |
| 2BR | $2,800 | −$1,012 (-26.5%) | +$100 (+3.7%) | $2,800 – $2,800 | 1 |
| 3BR | $9,000 | $0 (0.0%) | — | $9,000 – $9,000 | 1 |
Median, P25, and P75 are asking rents from listings posted in September 2024. Changes compare against the nearest prior month with data.
Loop vs. Chicago — September 2024
| Bedrooms | Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,897 | $1,195 | +$702 (+58.7%) |
| 1BR | $2,145 | $1,495 | +$650 (+43.5%) |
| 2BR | $3,263 | $1,843 | +$1,421 (+77.1%) |
| 2BR | $2,800 | $1,843 | +$958 (+52.0%) |
| 3BR | $9,000 | $2,350 | +$6,650 (+283.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in September 2024.