Monthly Rent Report
South Loop Rent Report — September 2022
Asking rents in ZIP 60601, Chicago, from 1,404 listings.
Median 1BR rent in South Loop was $3,405 in September 2022, up 2.7% (+$88) from August 2022 and up 49.0% year-over-year. The middle half of 1BR listings asked between $3,004 and $3,425. That puts South Loop $2,105 above the Chicago citywide 1BR median of $1,300. The month's figures are based on 1,404 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2022 | Vs. September 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,548 | +$4 (+0.2%) | +$458 (+21.9%) | $2,382 – $2,694 | 39 |
| Studio | $2,316 | −$228 (-9.0%) | +$226 (+10.8%) | $2,105 – $2,560 | 420 |
| 1BR | $3,405 | +$88 (+2.7%) | +$1,119 (+49.0%) | $3,004 – $3,425 | 13 |
| 1BR | $2,883 | −$434 (-13.1%) | +$597 (+26.1%) | $2,570 – $3,039 | 471 |
| 2BR | $3,985 | −$15 (-0.4%) | −$1,296 (-24.5%) | $3,397 – $4,383 | 348 |
| 2BR | $4,716 | +$716 (+17.9%) | −$565 (-10.7%) | $4,376 – $5,370 | 38 |
| 3BR | $6,364 | −$543 (-7.9%) | −$322 (-4.8%) | $5,142 – $7,635 | 15 |
| 3BR | $6,326 | −$582 (-8.4%) | −$361 (-5.4%) | $4,994 – $7,076 | 52 |
| 4BR | $13,055 | +$1,371 (+11.7%) | +$2,180 (+20.0%) | $12,978 – $13,055 | 4 |
| 4BR | $13,055 | +$1,371 (+11.7%) | +$2,180 (+20.0%) | $12,978 – $13,055 | 4 |
Median, P25, and P75 are asking rents from listings posted in September 2022. Changes compare against the nearest prior month with data.
South Loop vs. Chicago — September 2022
| Bedrooms | South Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,548 | $1,050 | +$1,498 (+142.7%) |
| Studio | $2,316 | $1,050 | +$1,266 (+120.5%) |
| 1BR | $3,405 | $1,300 | +$2,105 (+161.9%) |
| 1BR | $2,883 | $1,300 | +$1,583 (+121.8%) |
| 2BR | $3,985 | $1,550 | +$2,435 (+157.1%) |
| 2BR | $4,716 | $1,550 | +$3,166 (+204.2%) |
| 3BR | $6,364 | $2,099 | +$4,265 (+203.2%) |
| 3BR | $6,326 | $2,099 | +$4,227 (+201.4%) |
| 4BR | $13,055 | $2,420 | +$10,635 (+439.5%) |
| 4BR | $13,055 | $2,420 | +$10,635 (+439.5%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in September 2022.