Monthly Rent Report
South Loop Rent Report — June 2023
Asking rents in ZIP 60601, Chicago, from 709 listings.
Median 1BR rent in South Loop was $1,915 in June 2023, down 30.1% (−$824) from May 2023 and down 40.5% year-over-year. The middle half of 1BR listings asked between $1,721 and $2,086. That puts South Loop $515 above the Chicago citywide 1BR median of $1,400. The month's figures are based on 709 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2023 | Vs. June 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,306 | −$12 (-0.5%) | −$278 (-10.8%) | $2,161 – $2,473 | 204 |
| Studio | $1,957 | −$361 (-15.6%) | −$627 (-24.3%) | $1,898 – $1,997 | 3 |
| 1BR | $1,915 | −$824 (-30.1%) | −$1,306 (-40.5%) | $1,721 – $2,086 | 12 |
| 1BR | $2,770 | +$31 (+1.1%) | −$451 (-14.0%) | $2,553 – $3,051 | 278 |
| 2BR | $3,533 | −$423 (-10.7%) | −$1,787 (-33.6%) | $3,250 – $3,796 | 4 |
| 2BR | $4,013 | +$57 (+1.4%) | −$1,307 (-24.6%) | $3,700 – $4,452 | 171 |
| 3BR | $6,250 | +$428 (+7.4%) | −$2,250 (-26.5%) | $6,250 – $6,250 | 1 |
| 3BR | $6,334 | +$512 (+8.8%) | −$2,166 (-25.5%) | $5,664 – $8,352 | 32 |
| 4BR | $11,850 | $0 (0.0%) | +$150 (+1.3%) | $11,850 – $11,850 | 2 |
| 4BR | $11,850 | $0 (0.0%) | +$150 (+1.3%) | $11,850 – $11,850 | 2 |
Median, P25, and P75 are asking rents from listings posted in June 2023. Changes compare against the nearest prior month with data.
South Loop vs. Chicago — June 2023
| Bedrooms | South Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,306 | $1,243 | +$1,064 (+85.6%) |
| Studio | $1,957 | $1,243 | +$715 (+57.5%) |
| 1BR | $1,915 | $1,400 | +$515 (+36.8%) |
| 1BR | $2,770 | $1,400 | +$1,370 (+97.8%) |
| 2BR | $3,533 | $1,700 | +$1,833 (+107.8%) |
| 2BR | $4,013 | $1,700 | +$2,313 (+136.1%) |
| 3BR | $6,250 | $2,275 | +$3,975 (+174.7%) |
| 3BR | $6,334 | $2,275 | +$4,059 (+178.4%) |
| 4BR | $11,850 | $2,500 | +$9,350 (+374.0%) |
| 4BR | $11,850 | $2,500 | +$9,350 (+374.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in June 2023.