Monthly Rent Report
Loop Rent Report — December 2024
Asking rents in ZIP 60603, Chicago, from 17 listings.
Median 1BR rent in Loop was $3,701 in December 2024, up 72.1% (+$1,551) from November 2024 and up 57.5% year-over-year. The middle half of 1BR listings asked between $3,054 and $4,348. That puts Loop $2,051 above the Chicago citywide 1BR median of $1,650. The month's figures are based on 17 listings across 7 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2024 | Vs. December 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,920 | +$3 (+0.2%) | +$80 (+4.3%) | $1,783 – $1,928 | 3 |
| Studio | $1,920 | +$3 (+0.2%) | +$80 (+4.3%) | $1,783 – $1,928 | 3 |
| 1BR | $3,701 | +$1,551 (+72.1%) | +$1,351 (+57.5%) | $3,054 – $4,348 | 2 |
| 1BR | $3,701 | +$1,551 (+72.1%) | +$1,351 (+57.5%) | $3,054 – $4,348 | 2 |
| 2BR | $2,125 | −$1,470 (-40.9%) | −$1,375 (-39.3%) | $1,663 – $2,588 | 2 |
| 2BR | $2,125 | −$1,470 (-40.9%) | −$1,375 (-39.3%) | $1,663 – $2,588 | 2 |
| 3BR | $12,000 | +$3,000 (+33.3%) | — | $10,500 – $12,000 | 3 |
Median, P25, and P75 are asking rents from listings posted in December 2024. Changes compare against the nearest prior month with data.
Loop vs. Chicago — December 2024
| Bedrooms | Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,920 | $1,385 | +$535 (+38.6%) |
| Studio | $1,920 | $1,385 | +$535 (+38.6%) |
| 1BR | $3,701 | $1,650 | +$2,051 (+124.3%) |
| 1BR | $3,701 | $1,650 | +$2,051 (+124.3%) |
| 2BR | $2,125 | $1,953 | +$173 (+8.8%) |
| 2BR | $2,125 | $1,953 | +$173 (+8.8%) |
| 3BR | $12,000 | $2,395 | +$9,605 (+401.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in December 2024.