Monthly Rent Report
South Loop Rent Report — April 2022
Asking rents in ZIP 60601, Chicago, from 335 listings.
Median 1BR rent in South Loop was $2,962 in April 2022, up 3.3% (+$96) from March 2022 and up 34.2% year-over-year. The middle half of 1BR listings asked between $2,783 and $3,081. That puts South Loop $1,728 above the Chicago citywide 1BR median of $1,234. The month's figures are based on 335 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2022 | Vs. April 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,527 | +$281 (+12.5%) | +$847 (+50.4%) | $2,235 – $2,641 | 155 |
| 1BR | $2,962 | +$96 (+3.3%) | +$755 (+34.2%) | $2,783 – $3,081 | 66 |
| 2BR | $4,695 | +$47 (+1.0%) | +$1,354 (+40.5%) | $4,484 – $5,005 | 100 |
| 3BR | $7,584 | +$1,084 (+16.7%) | +$845 (+12.5%) | $7,584 – $7,584 | 10 |
| 4BR | $12,000 | — | — | $12,000 – $12,000 | 3 |
| 4BR | $12,000 | — | — | $12,000 – $12,000 | 1 |
Median, P25, and P75 are asking rents from listings posted in April 2022. Changes compare against the nearest prior month with data.
South Loop vs. Chicago — April 2022
| Bedrooms | South Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,527 | $1,085 | +$1,442 (+132.9%) |
| 1BR | $2,962 | $1,234 | +$1,728 (+140.0%) |
| 2BR | $4,695 | $1,495 | +$3,200 (+214.0%) |
| 3BR | $7,584 | $2,098 | +$5,487 (+261.6%) |
| 4BR | $12,000 | $2,595 | +$9,405 (+362.4%) |
| 4BR | $12,000 | $2,595 | +$9,405 (+362.4%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in April 2022.