Monthly Rent Report
South Loop Rent Report — October 2022
Asking rents in ZIP 60601, Chicago, from 1,054 listings.
Median 1BR rent in South Loop was $2,223 in October 2022, down 34.7% (−$1,182) from September 2022 and up 6.2% year-over-year. The middle half of 1BR listings asked between $1,898 and $2,540. That puts South Loop $905 above the Chicago citywide 1BR median of $1,318. The month's figures are based on 1,054 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2022 | Vs. October 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,631 | +$316 (+13.6%) | +$385 (+17.1%) | $2,476 – $2,738 | 43 |
| Studio | $2,087 | −$228 (-9.9%) | −$159 (-7.1%) | $2,087 – $2,087 | 1 |
| 1BR | $2,223 | −$1,182 (-34.7%) | +$130 (+6.2%) | $1,898 – $2,540 | 4 |
| 1BR | $3,100 | −$305 (-9.0%) | +$1,007 (+48.1%) | $3,013 – $3,190 | 10 |
| 2BR | $3,631 | −$354 (-8.9%) | +$584 (+19.1%) | $3,185 – $4,274 | 744 |
| 2BR | $4,447 | +$462 (+11.6%) | +$1,400 (+45.9%) | $4,227 – $4,802 | 49 |
| 3BR | $6,044 | −$320 (-5.0%) | −$502 (-7.7%) | $5,145 – $6,841 | 18 |
| 3BR | $6,313 | −$51 (-0.8%) | −$233 (-3.6%) | $4,975 – $6,540 | 183 |
| 4BR | $12,748 | −$307 (-2.4%) | +$1,748 (+15.9%) | $12,748 – $12,748 | 1 |
| 4BR | $11,760 | −$1,295 (-9.9%) | +$760 (+6.9%) | $11,760 – $11,760 | 1 |
Median, P25, and P75 are asking rents from listings posted in October 2022. Changes compare against the nearest prior month with data.
South Loop vs. Chicago — October 2022
| Bedrooms | South Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,631 | $1,050 | +$1,581 (+150.6%) |
| Studio | $2,087 | $1,050 | +$1,037 (+98.8%) |
| 1BR | $2,223 | $1,318 | +$905 (+68.7%) |
| 1BR | $3,100 | $1,318 | +$1,782 (+135.3%) |
| 2BR | $3,631 | $1,700 | +$1,931 (+113.6%) |
| 2BR | $4,447 | $1,700 | +$2,747 (+161.6%) |
| 3BR | $6,044 | $2,190 | +$3,854 (+176.0%) |
| 3BR | $6,313 | $2,190 | +$4,123 (+188.3%) |
| 4BR | $12,748 | $2,478 | +$10,271 (+414.6%) |
| 4BR | $11,760 | $2,478 | +$9,283 (+374.7%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in October 2022.