Monthly Rent Report
South Loop Rent Report — December 2022
Asking rents in ZIP 60601, Chicago, from 357 listings.
Median 1BR rent in South Loop was $2,953 in December 2022, down 4.3% (−$133) from November 2022 and down 2.1% year-over-year. The middle half of 1BR listings asked between $2,772 and $3,201. That puts South Loop $1,608 above the Chicago citywide 1BR median of $1,345. The month's figures are based on 357 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2022 | Vs. December 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,269 | +$189 (+9.1%) | +$121 (+5.6%) | $2,088 – $2,403 | 5 |
| Studio | $2,107 | +$27 (+1.3%) | −$41 (-1.9%) | $1,931 – $2,390 | 102 |
| 1BR | $2,953 | −$133 (-4.3%) | −$64 (-2.1%) | $2,772 – $3,201 | 15 |
| 1BR | $2,636 | −$451 (-14.6%) | −$382 (-12.7%) | $2,332 – $3,116 | 136 |
| 2BR | $3,663 | −$475 (-11.5%) | −$493 (-11.9%) | $3,095 – $4,325 | 76 |
| 2BR | $4,739 | +$601 (+14.5%) | +$583 (+14.0%) | $4,364 – $5,114 | 2 |
| 3BR | $6,025 | +$170 (+2.9%) | −$671 (-10.0%) | $6,025 – $6,025 | 1 |
| 3BR | $5,603 | −$252 (-4.3%) | −$1,093 (-16.3%) | $4,725 – $5,669 | 13 |
| 4BR | $11,600 | −$160 (-1.4%) | +$400 (+3.6%) | $11,600 – $11,600 | 4 |
| 4BR | $11,600 | −$160 (-1.4%) | +$400 (+3.6%) | $11,600 – $11,600 | 3 |
Median, P25, and P75 are asking rents from listings posted in December 2022. Changes compare against the nearest prior month with data.
South Loop vs. Chicago — December 2022
| Bedrooms | South Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,269 | $1,050 | +$1,219 (+116.1%) |
| Studio | $2,107 | $1,050 | +$1,057 (+100.7%) |
| 1BR | $2,953 | $1,345 | +$1,608 (+119.6%) |
| 1BR | $2,636 | $1,345 | +$1,291 (+95.9%) |
| 2BR | $3,663 | $1,675 | +$1,988 (+118.7%) |
| 2BR | $4,739 | $1,675 | +$3,064 (+182.9%) |
| 3BR | $6,025 | $2,181 | +$3,844 (+176.2%) |
| 3BR | $5,603 | $2,181 | +$3,422 (+156.9%) |
| 4BR | $11,600 | $2,589 | +$9,011 (+348.0%) |
| 4BR | $11,600 | $2,589 | +$9,011 (+348.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in December 2022.