Monthly Rent Report
South Loop Rent Report — March 2022
Asking rents in ZIP 60601, Chicago, from 263 listings.
Median 1BR rent in South Loop was $2,866 in March 2022, up 1.1% (+$32) from February 2022 and up 50.6% year-over-year. The middle half of 1BR listings asked between $2,704 and $3,049. That puts South Loop $1,636 above the Chicago citywide 1BR median of $1,230. The month's figures are based on 263 listings across 4 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2022 | Vs. March 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,246 | +$35 (+1.6%) | +$571 (+34.1%) | $2,176 – $2,382 | 94 |
| 1BR | $2,866 | +$32 (+1.1%) | +$964 (+50.6%) | $2,704 – $3,049 | 63 |
| 2BR | $4,648 | −$179 (-3.7%) | +$2,273 (+95.7%) | $4,270 – $4,871 | 87 |
| 3BR | $6,500 | +$603 (+10.2%) | −$493 (-7.0%) | $5,333 – $6,500 | 19 |
Median, P25, and P75 are asking rents from listings posted in March 2022. Changes compare against the nearest prior month with data.
South Loop vs. Chicago — March 2022
| Bedrooms | South Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,246 | $950 | +$1,296 (+136.4%) |
| 1BR | $2,866 | $1,230 | +$1,636 (+133.0%) |
| 2BR | $4,648 | $1,473 | +$3,176 (+215.7%) |
| 3BR | $6,500 | $1,950 | +$4,550 (+233.3%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in March 2022.