Monthly Rent Report
South Loop Rent Report — December 2023
Asking rents in ZIP 60601, Chicago, from 1,418 listings.
Median 1BR rent in South Loop was $1,950 in December 2023, down 6.3% (−$130) from November 2023 and down 26.0% year-over-year. The middle half of 1BR listings asked between $1,886 and $1,950. That puts South Loop $495 above the Chicago citywide 1BR median of $1,455. The month's figures are based on 1,418 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2023 | Vs. December 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,366 | +$554 (+30.5%) | +$97 (+4.3%) | $2,351 – $2,384 | 4 |
| Studio | $2,127 | +$315 (+17.4%) | −$142 (-6.3%) | $1,895 – $2,388 | 354 |
| 1BR | $1,950 | −$130 (-6.3%) | −$685 (-26.0%) | $1,886 – $1,950 | 3 |
| 1BR | $2,554 | +$474 (+22.8%) | −$81 (-3.1%) | $2,314 – $2,748 | 669 |
| 2BR | $3,500 | +$550 (+18.6%) | −$162 (-4.4%) | $3,500 – $3,500 | 1 |
| 2BR | $3,572 | +$622 (+21.1%) | −$90 (-2.5%) | $3,370 – $4,081 | 379 |
| 3BR | $6,515 | +$579 (+9.7%) | +$490 (+8.1%) | $6,515 – $6,515 | 1 |
| 3BR | $9,500 | +$3,564 (+60.0%) | +$3,475 (+57.7%) | $9,500 – $9,500 | 1 |
| 4BR | $11,400 | −$175 (-1.5%) | −$200 (-1.7%) | $11,400 – $11,400 | 3 |
| 4BR | $11,400 | −$175 (-1.5%) | −$200 (-1.7%) | $11,400 – $11,400 | 3 |
Median, P25, and P75 are asking rents from listings posted in December 2023. Changes compare against the nearest prior month with data.
South Loop vs. Chicago — December 2023
| Bedrooms | South Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,366 | $1,218 | +$1,148 (+94.3%) |
| Studio | $2,127 | $1,218 | +$910 (+74.7%) |
| 1BR | $1,950 | $1,455 | +$495 (+34.0%) |
| 1BR | $2,554 | $1,455 | +$1,099 (+75.5%) |
| 2BR | $3,500 | $1,800 | +$1,700 (+94.4%) |
| 2BR | $3,572 | $1,800 | +$1,772 (+98.4%) |
| 3BR | $6,515 | $2,472 | +$4,043 (+163.6%) |
| 3BR | $9,500 | $2,472 | +$7,028 (+284.3%) |
| 4BR | $11,400 | $2,630 | +$8,770 (+333.5%) |
| 4BR | $11,400 | $2,630 | +$8,770 (+333.5%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in December 2023.