Monthly Rent Report
South Loop Rent Report — April 2024
Asking rents in ZIP 60601, Chicago, from 892 listings.
Median 1BR rent in South Loop was $1,952 in April 2024, down 26.6% (−$706) from March 2024 and down 3.0% year-over-year. The middle half of 1BR listings asked between $1,738 and $2,000. That puts South Loop $452 above the Chicago citywide 1BR median of $1,500. The month's figures are based on 892 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2024 | Vs. April 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,212 | +$12 (+0.5%) | +$274 (+14.1%) | $2,068 – $2,355 | 216 |
| Studio | $1,681 | −$519 (-23.6%) | −$257 (-13.3%) | $1,681 – $1,681 | 1 |
| 1BR | $1,952 | −$706 (-26.6%) | −$60 (-3.0%) | $1,738 – $2,000 | 9 |
| 1BR | $2,680 | +$22 (+0.8%) | +$668 (+33.2%) | $2,442 – $2,884 | 442 |
| 2BR | $3,990 | +$170 (+4.5%) | −$10 (-0.3%) | $3,581 – $4,317 | 183 |
| 2BR | $2,521 | −$1,299 (-34.0%) | −$1,479 (-37.0%) | $2,521 – $2,521 | 1 |
| 3BR | $5,972 | −$528 (-8.1%) | −$528 (-8.1%) | $5,972 – $5,972 | 1 |
| 3BR | $9,500 | +$3,000 (+46.2%) | +$3,000 (+46.2%) | $4,775 – $10,183 | 25 |
| 4BR | $11,400 | −$300 (-2.6%) | −$450 (-3.8%) | $10,450 – $11,700 | 7 |
| 4BR | $11,400 | −$300 (-2.6%) | −$450 (-3.8%) | $10,450 – $11,400 | 7 |
Median, P25, and P75 are asking rents from listings posted in April 2024. Changes compare against the nearest prior month with data.
South Loop vs. Chicago — April 2024
| Bedrooms | South Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,212 | $1,222 | +$990 (+81.0%) |
| Studio | $1,681 | $1,222 | +$459 (+37.6%) |
| 1BR | $1,952 | $1,500 | +$452 (+30.1%) |
| 1BR | $2,680 | $1,500 | +$1,180 (+78.7%) |
| 2BR | $3,990 | $1,850 | +$2,140 (+115.7%) |
| 2BR | $2,521 | $1,850 | +$671 (+36.3%) |
| 3BR | $5,972 | $2,300 | +$3,672 (+159.7%) |
| 3BR | $9,500 | $2,300 | +$7,200 (+313.0%) |
| 4BR | $11,400 | $2,800 | +$8,600 (+307.1%) |
| 4BR | $11,400 | $2,800 | +$8,600 (+307.1%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in April 2024.