Monthly Rent Report
South Loop Rent Report — May 2022
Asking rents in ZIP 60601, Chicago, from 182 listings.
Median 1BR rent in South Loop was $3,221 in May 2022, up 8.7% (+$259) from April 2022 and up 34.8% year-over-year. The middle half of 1BR listings asked between $3,083 and $3,738. That puts South Loop $1,924 above the Chicago citywide 1BR median of $1,298. The month's figures are based on 182 listings across 5 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2022 | Vs. May 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,560 | +$33 (+1.3%) | +$232 (+10.0%) | $2,399 – $2,641 | 96 |
| 1BR | $3,221 | +$259 (+8.7%) | +$832 (+34.8%) | $3,083 – $3,738 | 21 |
| 2BR | $5,182 | +$487 (+10.4%) | +$1,627 (+45.8%) | $4,357 – $5,338 | 58 |
| 3BR | $7,363 | −$221 (-2.9%) | +$2,963 (+67.3%) | $7,332 – $7,393 | 6 |
| 4BR | $13,000 | +$1,000 (+8.3%) | — | $13,000 – $13,000 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2022. Changes compare against the nearest prior month with data.
South Loop vs. Chicago — May 2022
| Bedrooms | South Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,560 | $1,050 | +$1,510 (+143.8%) |
| 1BR | $3,221 | $1,298 | +$1,924 (+148.2%) |
| 2BR | $5,182 | $1,599 | +$3,583 (+224.1%) |
| 3BR | $7,363 | $2,100 | +$5,263 (+250.6%) |
| 4BR | $13,000 | $2,600 | +$10,400 (+400.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2022.