Monthly Rent Report
South Loop Rent Report — November 2023
Asking rents in ZIP 60601, Chicago, from 657 listings.
Median 1BR rent in South Loop was $2,591 in November 2023, up 37.1% (+$701) from October 2023 and down 16.1% year-over-year. The middle half of 1BR listings asked between $2,318 and $2,828. That puts South Loop $1,087 above the Chicago citywide 1BR median of $1,504. The month's figures are based on 657 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2023 | Vs. November 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,252 | +$530 (+30.8%) | +$172 (+8.2%) | $2,252 – $2,252 | 1 |
| Studio | $1,812 | +$90 (+5.2%) | −$268 (-12.9%) | $1,812 – $1,812 | 1 |
| 1BR | $2,591 | +$701 (+37.1%) | −$496 (-16.1%) | $2,318 – $2,828 | 564 |
| 1BR | $2,080 | +$190 (+10.1%) | −$1,006 (-32.6%) | $1,991 – $2,243 | 18 |
| 2BR | $2,400 | −$1,550 (-39.2%) | −$2,074 (-46.4%) | $2,350 – $2,450 | 2 |
| 2BR | $2,950 | −$1,000 (-25.3%) | −$1,524 (-34.1%) | $2,950 – $2,950 | 2 |
| 3BR | $5,937 | +$1,364 (+29.8%) | +$143 (+2.5%) | $4,627 – $7,500 | 56 |
| 3BR | $6,500 | +$1,928 (+42.2%) | +$707 (+12.2%) | $6,500 – $6,500 | 1 |
| 4BR | $11,575 | −$125 (-1.1%) | −$185 (-1.6%) | $7,650 – $11,750 | 6 |
| 4BR | $11,575 | −$125 (-1.1%) | −$185 (-1.6%) | $7,650 – $11,750 | 6 |
Median, P25, and P75 are asking rents from listings posted in November 2023. Changes compare against the nearest prior month with data.
South Loop vs. Chicago — November 2023
| Bedrooms | South Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,252 | $1,160 | +$1,092 (+94.1%) |
| Studio | $1,812 | $1,160 | +$652 (+56.2%) |
| 1BR | $2,591 | $1,504 | +$1,087 (+72.3%) |
| 1BR | $2,080 | $1,504 | +$577 (+38.3%) |
| 2BR | $2,400 | $1,800 | +$600 (+33.3%) |
| 2BR | $2,950 | $1,800 | +$1,150 (+63.9%) |
| 3BR | $5,937 | $2,298 | +$3,639 (+158.4%) |
| 3BR | $6,500 | $2,298 | +$4,203 (+182.9%) |
| 4BR | $11,575 | $2,750 | +$8,825 (+320.9%) |
| 4BR | $11,575 | $2,750 | +$8,825 (+320.9%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in November 2023.