Monthly Rent Report
South Loop Rent Report — February 2022
Asking rents in ZIP 60601, Chicago, from 232 listings.
Median 1BR rent in South Loop was $2,834 in February 2022, down 3.7% (−$109) from January 2022 and up 38.0% year-over-year. The middle half of 1BR listings asked between $2,669 and $3,024. That puts South Loop $1,584 above the Chicago citywide 1BR median of $1,250. The month's figures are based on 232 listings across 5 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2022 | Vs. February 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,211 | +$65 (+3.0%) | +$711 (+47.4%) | $2,065 – $2,327 | 97 |
| 1BR | $2,834 | −$109 (-3.7%) | +$781 (+38.0%) | $2,669 – $3,024 | 44 |
| 1BR | $2,400 | −$543 (-18.5%) | +$347 (+16.9%) | $2,400 – $2,400 | 1 |
| 2BR | $4,827 | −$100 (-2.0%) | +$2,435 (+101.8%) | $3,902 – $5,111 | 62 |
| 3BR | $5,898 | +$515 (+9.6%) | −$1,204 (-17.0%) | $4,999 – $6,500 | 28 |
Median, P25, and P75 are asking rents from listings posted in February 2022. Changes compare against the nearest prior month with data.
South Loop vs. Chicago — February 2022
| Bedrooms | South Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,211 | $1,028 | +$1,183 (+115.1%) |
| 1BR | $2,834 | $1,250 | +$1,584 (+126.7%) |
| 1BR | $2,400 | $1,250 | +$1,150 (+92.0%) |
| 2BR | $4,827 | $1,600 | +$3,227 (+201.7%) |
| 3BR | $5,898 | $1,795 | +$4,103 (+228.6%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in February 2022.