Monthly Rent Report
South Loop Rent Report — July 2022
Asking rents in ZIP 60601, Chicago, from 713 listings.
Median 1BR rent in South Loop was $3,139 in July 2022, up 23.1% (+$589) from June 2022 and up 39.5% year-over-year. The middle half of 1BR listings asked between $3,004 and $3,510. That puts South Loop $1,914 above the Chicago citywide 1BR median of $1,225. The month's figures are based on 713 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2022 | Vs. July 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,355 | −$229 (-8.9%) | −$402 (-14.6%) | $2,150 – $2,706 | 173 |
| Studio | $2,610 | +$26 (+1.0%) | −$147 (-5.3%) | $2,323 – $2,727 | 71 |
| 1BR | $3,139 | +$589 (+23.1%) | +$889 (+39.5%) | $3,004 – $3,510 | 13 |
| 1BR | $2,892 | +$342 (+13.4%) | +$642 (+28.5%) | $2,657 – $3,018 | 190 |
| 2BR | $5,222 | −$98 (-1.8%) | +$1,822 (+53.6%) | $4,279 – $5,549 | 60 |
| 2BR | $4,113 | −$1,207 (-22.7%) | +$713 (+21.0%) | $3,708 – $4,449 | 170 |
| 3BR | $6,453 | −$2,047 (-24.1%) | −$341 (-5.0%) | $4,810 – $8,098 | 20 |
| 3BR | $8,098 | −$402 (-4.7%) | +$1,304 (+19.2%) | $8,098 – $8,781 | 13 |
| 4BR | $11,568 | −$132 (-1.1%) | — | $11,568 – $11,634 | 3 |
Median, P25, and P75 are asking rents from listings posted in July 2022. Changes compare against the nearest prior month with data.
South Loop vs. Chicago — July 2022
| Bedrooms | South Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,355 | $1,104 | +$1,251 (+113.4%) |
| Studio | $2,610 | $1,104 | +$1,506 (+136.5%) |
| 1BR | $3,139 | $1,225 | +$1,914 (+156.2%) |
| 1BR | $2,892 | $1,225 | +$1,667 (+136.0%) |
| 2BR | $5,222 | $1,695 | +$3,527 (+208.1%) |
| 2BR | $4,113 | $1,695 | +$2,418 (+142.7%) |
| 3BR | $6,453 | $2,200 | +$4,253 (+193.3%) |
| 3BR | $8,098 | $2,200 | +$5,898 (+268.1%) |
| 4BR | $11,568 | $2,500 | +$9,068 (+362.7%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in July 2022.