Monthly Rent Report
South Loop Rent Report — November 2022
Asking rents in ZIP 60601, Chicago, from 176 listings.
Median 1BR rent in South Loop was $3,087 in November 2022, up 38.9% (+$864) from October 2022 and up 38.8% year-over-year. The middle half of 1BR listings asked between $3,007 and $3,191. That puts South Loop $1,687 above the Chicago citywide 1BR median of $1,400. The month's figures are based on 176 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2022 | Vs. November 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,081 | −$550 (-20.9%) | −$110 (-5.0%) | $1,739 – $2,375 | 30 |
| Studio | $2,578 | −$53 (-2.0%) | +$387 (+17.7%) | $2,368 – $2,654 | 54 |
| 1BR | $3,087 | +$864 (+38.9%) | +$864 (+38.8%) | $3,007 – $3,191 | 18 |
| 1BR | $1,836 | −$386 (-17.4%) | −$387 (-17.4%) | $1,836 – $1,836 | 1 |
| 2BR | $4,474 | +$843 (+23.2%) | +$2,354 (+111.0%) | $4,183 – $4,599 | 17 |
| 2BR | $4,138 | +$507 (+14.0%) | +$2,018 (+95.2%) | $2,901 – $4,484 | 22 |
| 3BR | $5,794 | −$519 (-8.2%) | −$706 (-10.9%) | $5,283 – $6,682 | 16 |
| 3BR | $5,855 | −$458 (-7.3%) | −$645 (-9.9%) | $5,253 – $6,683 | 8 |
| 4BR | $11,760 | −$988 (-7.8%) | +$760 (+6.9%) | $11,600 – $11,760 | 5 |
| 4BR | $11,760 | −$988 (-7.8%) | +$760 (+6.9%) | $11,600 – $11,760 | 5 |
Median, P25, and P75 are asking rents from listings posted in November 2022. Changes compare against the nearest prior month with data.
South Loop vs. Chicago — November 2022
| Bedrooms | South Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,081 | $1,120 | +$961 (+85.8%) |
| Studio | $2,578 | $1,120 | +$1,458 (+130.2%) |
| 1BR | $3,087 | $1,400 | +$1,687 (+120.5%) |
| 1BR | $1,836 | $1,400 | +$436 (+31.1%) |
| 2BR | $4,474 | $1,700 | +$2,774 (+163.2%) |
| 2BR | $4,138 | $1,700 | +$2,438 (+143.4%) |
| 3BR | $5,794 | $2,100 | +$3,694 (+175.9%) |
| 3BR | $5,855 | $2,100 | +$3,755 (+178.8%) |
| 4BR | $11,760 | $2,500 | +$9,260 (+370.4%) |
| 4BR | $11,760 | $2,500 | +$9,260 (+370.4%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in November 2022.