Monthly Rent Report
South Loop Rent Report — January 2024
Asking rents in ZIP 60601, Chicago, from 266 listings.
Median 1BR rent in South Loop was $1,877 in January 2024, down 26.5% (−$677) from December 2023 and down 22.6% year-over-year. The middle half of 1BR listings asked between $1,864 and $2,054. That puts South Loop $360 above the Chicago citywide 1BR median of $1,517. The month's figures are based on 266 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2023 | Vs. January 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,674 | −$453 (-21.3%) | −$248 (-12.9%) | $1,583 – $1,764 | 2 |
| Studio | $2,045 | −$82 (-3.9%) | +$123 (+6.4%) | $1,888 – $2,316 | 56 |
| 1BR | $1,877 | −$677 (-26.5%) | −$548 (-22.6%) | $1,864 – $2,054 | 9 |
| 1BR | $2,522 | −$32 (-1.3%) | +$97 (+4.0%) | $2,256 – $2,873 | 134 |
| 2BR | $3,094 | −$406 (-11.6%) | −$452 (-12.8%) | $3,053 – $3,325 | 4 |
| 2BR | $3,579 | +$79 (+2.3%) | +$33 (+0.9%) | $3,370 – $4,086 | 42 |
| 3BR | $6,986 | −$2,514 (-26.5%) | +$1,977 (+39.5%) | $5,765 – $9,500 | 13 |
| 3BR | $6,640 | −$2,860 (-30.1%) | +$1,631 (+32.6%) | $6,570 – $6,710 | 2 |
| 4BR | $11,400 | $0 (0.0%) | — | $11,400 – $11,400 | 2 |
| 4BR | $11,400 | $0 (0.0%) | — | $11,400 – $11,400 | 2 |
Median, P25, and P75 are asking rents from listings posted in January 2024. Changes compare against the nearest prior month with data.
South Loop vs. Chicago — January 2024
| Bedrooms | South Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,674 | $1,225 | +$449 (+36.6%) |
| Studio | $2,045 | $1,225 | +$820 (+66.9%) |
| 1BR | $1,877 | $1,517 | +$360 (+23.7%) |
| 1BR | $2,522 | $1,517 | +$1,005 (+66.2%) |
| 2BR | $3,094 | $1,800 | +$1,294 (+71.9%) |
| 2BR | $3,579 | $1,800 | +$1,779 (+98.8%) |
| 3BR | $6,986 | $2,300 | +$4,686 (+203.7%) |
| 3BR | $6,640 | $2,300 | +$4,340 (+188.7%) |
| 4BR | $11,400 | $2,792 | +$8,609 (+308.4%) |
| 4BR | $11,400 | $2,792 | +$8,609 (+308.4%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in January 2024.