Monthly Rent Report
South Loop Rent Report — October 2023
Asking rents in ZIP 60601, Chicago, from 28 listings.
Median 1BR rent in South Loop was $2,675 in October 2023, up 1.1% (+$30) from September 2023 and down 13.7% year-over-year. The middle half of 1BR listings asked between $2,588 and $2,763. That puts South Loop $1,200 above the Chicago citywide 1BR median of $1,475. The month's figures are based on 28 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2023 | Vs. October 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,041 | +$194 (+10.5%) | −$46 (-2.2%) | $2,037 – $2,044 | 2 |
| Studio | $1,722 | −$125 (-6.8%) | −$365 (-17.5%) | $1,722 – $1,722 | 1 |
| 1BR | $2,675 | +$30 (+1.1%) | −$424 (-13.7%) | $2,588 – $2,763 | 2 |
| 1BR | $1,890 | −$755 (-28.6%) | −$1,209 (-39.0%) | $1,890 – $1,890 | 1 |
| 2BR | $3,100 | −$715 (-18.7%) | −$1,347 (-30.3%) | $3,100 – $3,100 | 9 |
| 2BR | $3,950 | +$135 (+3.5%) | −$497 (-11.2%) | $3,950 – $3,950 | 3 |
| 3BR | $6,275 | −$1,225 (-16.3%) | −$38 (-0.6%) | $5,788 – $6,763 | 2 |
| 3BR | $4,573 | −$2,927 (-39.0%) | −$1,740 (-27.6%) | $4,384 – $4,857 | 4 |
| 4BR | $11,700 | — | −$60 (-0.5%) | $11,700 – $11,700 | 4 |
Median, P25, and P75 are asking rents from listings posted in October 2023. Changes compare against the nearest prior month with data.
South Loop vs. Chicago — October 2023
| Bedrooms | South Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,041 | $1,200 | +$841 (+70.0%) |
| Studio | $1,722 | $1,200 | +$522 (+43.5%) |
| 1BR | $2,675 | $1,475 | +$1,200 (+81.4%) |
| 1BR | $1,890 | $1,475 | +$415 (+28.1%) |
| 2BR | $3,100 | $1,800 | +$1,300 (+72.2%) |
| 2BR | $3,950 | $1,800 | +$2,150 (+119.4%) |
| 3BR | $6,275 | $2,450 | +$3,825 (+156.1%) |
| 3BR | $4,573 | $2,450 | +$2,123 (+86.6%) |
| 4BR | $11,700 | $2,575 | +$9,125 (+354.4%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in October 2023.