Monthly Rent Report
Loop Rent Report — November 2024
Asking rents in ZIP 60603, Chicago, from 27 listings.
Median 1BR rent in Loop was $2,150 in November 2024, down 2.1% (−$45) from October 2024 and down 1.8% year-over-year. The middle half of 1BR listings asked between $2,075 and $2,150. That puts Loop $575 above the Chicago citywide 1BR median of $1,575. The month's figures are based on 27 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2024 | Vs. November 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,917 | +$57 (+3.1%) | +$132 (+7.4%) | $1,899 – $1,935 | 9 |
| 1BR | $2,150 | −$45 (-2.1%) | −$40 (-1.8%) | $2,075 – $2,150 | 5 |
| 2BR | $3,595 | +$485 (+15.6%) | +$809 (+29.0%) | $3,595 – $3,595 | 1 |
| 2BR | $3,595 | +$485 (+15.6%) | +$809 (+29.0%) | $3,595 – $3,821 | 8 |
| 3BR | $9,000 | $0 (0.0%) | — | $9,000 – $9,000 | 2 |
| 4BR | $2,500 | — | — | $2,500 – $2,500 | 2 |
Median, P25, and P75 are asking rents from listings posted in November 2024. Changes compare against the nearest prior month with data.
Loop vs. Chicago — November 2024
| Bedrooms | Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,917 | $1,292 | +$625 (+48.4%) |
| 1BR | $2,150 | $1,575 | +$575 (+36.5%) |
| 2BR | $3,595 | $1,945 | +$1,650 (+84.8%) |
| 2BR | $3,595 | $1,945 | +$1,650 (+84.8%) |
| 3BR | $9,000 | $2,200 | +$6,800 (+309.1%) |
| 4BR | $2,500 | $2,990 | −$490 (-16.4%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in November 2024.