Monthly Rent Report
South Loop Rent Report — January 2022
Asking rents in ZIP 60601, Chicago, from 185 listings.
Median 1BR rent in South Loop was $2,943 in January 2022, down 2.5% (−$74) from December 2021 and up 51.9% year-over-year. The middle half of 1BR listings asked between $2,890 and $3,189. That puts South Loop $1,658 above the Chicago citywide 1BR median of $1,285. The month's figures are based on 185 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2021 | Vs. January 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,146 | −$2 (-0.1%) | +$469 (+27.9%) | $2,108 – $2,339 | 74 |
| 1BR | $2,943 | −$74 (-2.5%) | +$1,006 (+51.9%) | $2,890 – $3,189 | 27 |
| 1BR | $1,745 | −$1,272 (-42.2%) | −$192 (-9.9%) | $1,695 – $1,795 | 6 |
| 2BR | $4,927 | +$771 (+18.6%) | +$2,552 (+107.5%) | $4,058 – $5,904 | 47 |
| 3BR | $3,545 | −$3,151 (-47.1%) | −$3,557 (-50.1%) | $3,545 – $3,545 | 1 |
| 3BR | $5,383 | −$1,313 (-19.6%) | −$1,719 (-24.2%) | $5,383 – $7,242 | 30 |
Median, P25, and P75 are asking rents from listings posted in January 2022. Changes compare against the nearest prior month with data.
South Loop vs. Chicago — January 2022
| Bedrooms | South Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,146 | $1,000 | +$1,146 (+114.6%) |
| 1BR | $2,943 | $1,285 | +$1,658 (+129.0%) |
| 1BR | $1,745 | $1,285 | +$460 (+35.8%) |
| 2BR | $4,927 | $1,500 | +$3,427 (+228.5%) |
| 3BR | $3,545 | $1,975 | +$1,570 (+79.5%) |
| 3BR | $5,383 | $1,975 | +$3,408 (+172.6%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in January 2022.