Monthly Rent Report
South Loop Rent Report — June 2022
Asking rents in ZIP 60601, Chicago, from 133 listings.
Median 1BR rent in South Loop was $3,221 in June 2022, flat versus May 2022 and up 34.2% year-over-year. The middle half of 1BR listings asked between $3,139 and $3,548. That puts South Loop $1,971 above the Chicago citywide 1BR median of $1,250. The month's figures are based on 133 listings across 7 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2022 | Vs. June 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,584 | +$24 (+0.9%) | +$315 (+13.9%) | $2,406 – $2,662 | 70 |
| 1BR | $3,221 | $0 (0.0%) | +$821 (+34.2%) | $3,139 – $3,548 | 17 |
| 1BR | $2,550 | −$671 (-20.8%) | +$150 (+6.3%) | $2,550 – $2,550 | 1 |
| 2BR | $5,320 | +$138 (+2.7%) | +$2,558 (+92.6%) | $4,973 – $5,629 | 34 |
| 3BR | $8,500 | +$1,138 (+15.4%) | +$4,100 (+93.2%) | $8,500 – $8,500 | 1 |
| 3BR | $7,549 | +$187 (+2.5%) | +$3,149 (+71.6%) | $5,500 – $7,599 | 9 |
| 4BR | $11,700 | −$1,300 (-10.0%) | — | $11,700 – $11,700 | 1 |
Median, P25, and P75 are asking rents from listings posted in June 2022. Changes compare against the nearest prior month with data.
South Loop vs. Chicago — June 2022
| Bedrooms | South Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,584 | $990 | +$1,594 (+161.0%) |
| 1BR | $3,221 | $1,250 | +$1,971 (+157.7%) |
| 1BR | $2,550 | $1,250 | +$1,300 (+104.0%) |
| 2BR | $5,320 | $1,570 | +$3,750 (+238.9%) |
| 3BR | $8,500 | $1,995 | +$6,505 (+326.1%) |
| 3BR | $7,549 | $1,995 | +$5,554 (+278.4%) |
| 4BR | $11,700 | $2,496 | +$9,204 (+368.7%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in June 2022.