Monthly Rent Report
South Loop Rent Report — July 2024
Asking rents in ZIP 60601, Chicago, from 1,048 listings.
Median 1BR rent in South Loop was $2,689 in July 2024, up 19.3% (+$435) from June 2024 and down 2.4% year-over-year. The middle half of 1BR listings asked between $2,432 and $2,831. That puts South Loop $1,129 above the Chicago citywide 1BR median of $1,560. The month's figures are based on 1,048 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2024 | Vs. July 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,225 | +$223 (+11.1%) | −$81 (-3.5%) | $2,020 – $2,407 | 229 |
| Studio | $1,779 | −$223 (-11.1%) | −$527 (-22.9%) | $1,779 – $1,779 | 1 |
| 1BR | $2,689 | +$435 (+19.3%) | −$66 (-2.4%) | $2,432 – $2,831 | 572 |
| 1BR | $2,076 | −$178 (-7.9%) | −$679 (-24.7%) | $1,938 – $2,171 | 4 |
| 2BR | $3,801 | +$41 (+1.1%) | +$1,003 (+35.8%) | $3,271 – $4,204 | 196 |
| 2BR | $4,200 | +$440 (+11.7%) | +$1,402 (+50.1%) | $4,200 – $4,200 | 1 |
| 3BR | $5,250 | −$250 (-4.5%) | −$660 (-11.2%) | $4,766 – $6,689 | 34 |
| 3BR | $6,040 | +$540 (+9.8%) | +$130 (+2.2%) | $6,040 – $6,040 | 1 |
| 4BR | $10,700 | +$701 (+7.0%) | −$1,150 (-9.7%) | $9,399 – $11,400 | 4 |
| 4BR | $11,100 | +$1,101 (+11.0%) | −$750 (-6.3%) | $10,199 – $11,400 | 6 |
Median, P25, and P75 are asking rents from listings posted in July 2024. Changes compare against the nearest prior month with data.
South Loop vs. Chicago — July 2024
| Bedrooms | South Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,225 | $1,218 | +$1,007 (+82.6%) |
| Studio | $1,779 | $1,218 | +$561 (+46.0%) |
| 1BR | $2,689 | $1,560 | +$1,129 (+72.3%) |
| 1BR | $2,076 | $1,560 | +$516 (+33.0%) |
| 2BR | $3,801 | $1,805 | +$1,996 (+110.6%) |
| 2BR | $4,200 | $1,805 | +$2,395 (+132.7%) |
| 3BR | $5,250 | $2,363 | +$2,888 (+122.2%) |
| 3BR | $6,040 | $2,363 | +$3,678 (+155.7%) |
| 4BR | $10,700 | $2,789 | +$7,911 (+283.6%) |
| 4BR | $11,100 | $2,789 | +$8,311 (+298.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in July 2024.