Monthly Rent Report
South Loop Rent Report — March 2024
Asking rents in ZIP 60601, Chicago, from 1,219 listings.
Median 1BR rent in South Loop was $2,000 in March 2024, down 21.9% (−$562) from February 2024 and up 3.6% year-over-year. The middle half of 1BR listings asked between $1,948 and $2,043. That puts South Loop $496 above the Chicago citywide 1BR median of $1,505. The month's figures are based on 1,219 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,200 | +$17 (+0.8%) | +$550 (+33.3%) | $2,069 – $2,438 | 268 |
| Studio | $1,731 | −$452 (-20.7%) | +$81 (+4.9%) | $1,616 – $1,845 | 4 |
| 1BR | $2,000 | −$562 (-21.9%) | +$69 (+3.6%) | $1,948 – $2,043 | 5 |
| 1BR | $2,658 | +$96 (+3.7%) | +$727 (+37.6%) | $2,433 – $2,862 | 627 |
| 2BR | $3,820 | −$1 (-0.0%) | +$382 (+11.1%) | $3,407 – $4,088 | 239 |
| 2BR | $3,302 | −$519 (-13.6%) | −$136 (-4.0%) | $3,302 – $3,302 | 1 |
| 3BR | $6,500 | +$947 (+17.1%) | −$250 (-3.7%) | $6,500 – $6,500 | 1 |
| 3BR | $6,250 | +$697 (+12.5%) | −$500 (-7.4%) | $4,739 – $6,552 | 64 |
| 4BR | $11,700 | +$300 (+2.6%) | — | $11,400 – $12,749 | 4 |
| 4BR | $11,400 | $0 (0.0%) | — | $11,400 – $14,096 | 6 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
South Loop vs. Chicago — March 2024
| Bedrooms | South Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,200 | $1,225 | +$975 (+79.6%) |
| Studio | $1,731 | $1,225 | +$506 (+41.3%) |
| 1BR | $2,000 | $1,505 | +$496 (+32.9%) |
| 1BR | $2,658 | $1,505 | +$1,154 (+76.7%) |
| 2BR | $3,820 | $1,900 | +$1,920 (+101.1%) |
| 2BR | $3,302 | $1,900 | +$1,402 (+73.8%) |
| 3BR | $6,500 | $2,250 | +$4,250 (+188.9%) |
| 3BR | $6,250 | $2,250 | +$4,000 (+177.8%) |
| 4BR | $11,700 | $2,650 | +$9,050 (+341.5%) |
| 4BR | $11,400 | $2,650 | +$8,750 (+330.2%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in March 2024.