Monthly Rent Report
South Loop Rent Report — August 2022
Asking rents in ZIP 60601, Chicago, from 1,852 listings.
Median 1BR rent in South Loop was $3,317 in August 2022, up 14.7% (+$426) from July 2022 and up 25.9% year-over-year. The middle half of 1BR listings asked between $3,168 and $3,457. That puts South Loop $2,022 above the Chicago citywide 1BR median of $1,295. The month's figures are based on 1,852 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2022 | Vs. August 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,305 | −$50 (-2.1%) | +$36 (+1.6%) | $2,055 – $2,584 | 560 |
| Studio | $2,544 | +$189 (+8.0%) | +$275 (+12.1%) | $2,403 – $2,670 | 34 |
| 1BR | $3,317 | +$426 (+14.7%) | +$682 (+25.9%) | $3,168 – $3,457 | 11 |
| 1BR | $2,800 | −$91 (-3.2%) | +$165 (+6.3%) | $2,553 – $3,045 | 677 |
| 2BR | $4,000 | −$1,222 (-23.4%) | +$1,625 (+68.4%) | $3,420 – $4,283 | 460 |
| 2BR | $4,477 | −$745 (-14.3%) | +$2,102 (+88.5%) | $4,255 – $4,835 | 25 |
| 3BR | $6,908 | +$455 (+7.0%) | +$47 (+0.7%) | $5,618 – $8,422 | 74 |
| 3BR | $7,896 | +$1,443 (+22.4%) | +$1,035 (+15.1%) | $3,871 – $8,384 | 6 |
| 4BR | $11,568 | $0 (0.0%) | +$818 (+7.6%) | $11,568 – $11,685 | 3 |
| 4BR | $11,685 | +$117 (+1.0%) | +$935 (+8.7%) | $11,626 – $11,743 | 2 |
Median, P25, and P75 are asking rents from listings posted in August 2022. Changes compare against the nearest prior month with data.
South Loop vs. Chicago — August 2022
| Bedrooms | South Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,305 | $1,095 | +$1,210 (+110.5%) |
| Studio | $2,544 | $1,095 | +$1,449 (+132.3%) |
| 1BR | $3,317 | $1,295 | +$2,022 (+156.1%) |
| 1BR | $2,800 | $1,295 | +$1,505 (+116.2%) |
| 2BR | $4,000 | $1,795 | +$2,205 (+122.8%) |
| 2BR | $4,477 | $1,795 | +$2,682 (+149.4%) |
| 3BR | $6,908 | $2,250 | +$4,658 (+207.0%) |
| 3BR | $7,896 | $2,250 | +$5,646 (+250.9%) |
| 4BR | $11,568 | $2,455 | +$9,113 (+371.2%) |
| 4BR | $11,685 | $2,455 | +$9,230 (+375.9%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2022.