Monthly Rent Report
South Loop Rent Report — June 2024
Asking rents in ZIP 60601, Chicago, from 1,142 listings.
Median 1BR rent in South Loop was $2,095 in June 2024, up 14.4% (+$265) from May 2024 and up 9.4% year-over-year. The middle half of 1BR listings asked between $2,020 and $2,170. That puts South Loop $596 above the Chicago citywide 1BR median of $1,499. The month's figures are based on 1,142 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2024 | Vs. June 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,240 | +$43 (+1.9%) | +$283 (+14.4%) | $1,952 – $2,404 | 534 |
| Studio | $2,002 | −$195 (-8.9%) | +$45 (+2.3%) | $2,002 – $2,002 | 1 |
| 1BR | $2,095 | +$265 (+14.4%) | +$180 (+9.4%) | $2,020 – $2,170 | 2 |
| 1BR | $2,254 | +$423 (+23.1%) | +$339 (+17.7%) | $1,933 – $2,606 | 4 |
| 2BR | $3,929 | −$53 (-1.3%) | +$396 (+11.2%) | $3,550 – $4,200 | 574 |
| 2BR | $3,760 | −$221 (-5.6%) | +$228 (+6.4%) | $3,540 – $3,980 | 2 |
| 3BR | $5,500 | −$368 (-6.3%) | −$750 (-12.0%) | $5,500 – $5,500 | 2 |
| 3BR | $5,999 | +$131 (+2.2%) | −$251 (-4.0%) | $5,999 – $5,999 | 1 |
| 4BR | $9,999 | −$701 (-6.6%) | −$1,851 (-15.6%) | $9,999 – $11,400 | 10 |
| 4BR | $9,999 | −$701 (-6.6%) | −$1,851 (-15.6%) | $9,449 – $11,400 | 12 |
Median, P25, and P75 are asking rents from listings posted in June 2024. Changes compare against the nearest prior month with data.
South Loop vs. Chicago — June 2024
| Bedrooms | South Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,240 | $1,149 | +$1,091 (+94.9%) |
| Studio | $2,002 | $1,149 | +$853 (+74.2%) |
| 1BR | $2,095 | $1,499 | +$596 (+39.8%) |
| 1BR | $2,254 | $1,499 | +$755 (+50.4%) |
| 2BR | $3,929 | $1,899 | +$2,030 (+106.9%) |
| 2BR | $3,760 | $1,899 | +$1,861 (+98.0%) |
| 3BR | $5,500 | $2,395 | +$3,105 (+129.6%) |
| 3BR | $5,999 | $2,395 | +$3,604 (+150.5%) |
| 4BR | $9,999 | $2,698 | +$7,302 (+270.7%) |
| 4BR | $9,999 | $2,698 | +$7,302 (+270.7%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in June 2024.