Monthly Rent Report
Loop Rent Report — October 2024
Asking rents in ZIP 60603, Chicago, from 63 listings.
Median 1BR rent in Loop was $2,195 in October 2024, up 2.3% (+$50) from September 2024 and down 6.6% year-over-year. The middle half of 1BR listings asked between $1,995 and $2,379. That puts Loop $759 above the Chicago citywide 1BR median of $1,437. The month's figures are based on 63 listings across 4 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2024 | Vs. October 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,860 | −$37 (-2.0%) | +$65 (+3.6%) | $1,795 – $1,920 | 25 |
| 1BR | $2,195 | +$50 (+2.3%) | −$155 (-6.6%) | $1,995 – $2,379 | 32 |
| 2BR | $3,110 | +$310 (+11.1%) | −$1,190 (-27.7%) | $3,110 – $3,360 | 5 |
| 3BR | $9,000 | $0 (0.0%) | +$7,750 (+620.0%) | $9,000 – $9,000 | 1 |
Median, P25, and P75 are asking rents from listings posted in October 2024. Changes compare against the nearest prior month with data.
Loop vs. Chicago — October 2024
| Bedrooms | Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,860 | $1,298 | +$563 (+43.4%) |
| 1BR | $2,195 | $1,437 | +$759 (+52.8%) |
| 2BR | $3,110 | $1,770 | +$1,341 (+75.8%) |
| 3BR | $9,000 | $2,305 | +$6,695 (+290.5%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in October 2024.