Monthly Rent Report
South Loop Rent Report — September 2023
Asking rents in ZIP 60601, Chicago, from 149 listings.
Median 1BR rent in South Loop was $2,646 in September 2023, up 21.1% (+$461) from August 2023 and down 22.3% year-over-year. The middle half of 1BR listings asked between $2,433 and $2,850. That puts South Loop $1,196 above the Chicago citywide 1BR median of $1,450. The month's figures are based on 149 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2023 | Vs. September 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,847 | −$405 (-18.0%) | −$468 (-20.2%) | $1,847 – $1,847 | 1 |
| Studio | $2,165 | −$87 (-3.9%) | −$150 (-6.5%) | $1,910 – $2,440 | 46 |
| 1BR | $2,646 | +$461 (+21.1%) | −$759 (-22.3%) | $2,433 – $2,850 | 54 |
| 1BR | $1,775 | −$410 (-18.8%) | −$1,630 (-47.9%) | $1,775 – $1,775 | 1 |
| 2BR | $3,500 | −$707 (-16.8%) | −$1,215 (-25.8%) | $3,500 – $3,500 | 1 |
| 2BR | $3,815 | −$392 (-9.3%) | −$900 (-19.1%) | $3,185 – $4,435 | 37 |
| 3BR | $7,500 | +$1,550 (+26.1%) | +$1,136 (+17.9%) | $7,500 – $7,500 | 1 |
| 3BR | $5,191 | −$759 (-12.8%) | −$1,173 (-18.4%) | $4,755 – $8,791 | 8 |
Median, P25, and P75 are asking rents from listings posted in September 2023. Changes compare against the nearest prior month with data.
South Loop vs. Chicago — September 2023
| Bedrooms | South Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,847 | $1,238 | +$610 (+49.3%) |
| Studio | $2,165 | $1,238 | +$928 (+74.9%) |
| 1BR | $2,646 | $1,450 | +$1,196 (+82.4%) |
| 1BR | $1,775 | $1,450 | +$325 (+22.4%) |
| 2BR | $3,500 | $1,738 | +$1,763 (+101.4%) |
| 2BR | $3,815 | $1,738 | +$2,078 (+119.6%) |
| 3BR | $7,500 | $2,327 | +$5,173 (+222.3%) |
| 3BR | $5,191 | $2,327 | +$2,864 (+123.1%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in September 2023.