Monthly Rent Report
South Loop Rent Report — August 2024
Asking rents in ZIP 60601, Chicago, from 8 listings.
Median 1BR rent in South Loop was $2,131 in August 2024, up 2.7% (+$56) from July 2024 and down 2.5% year-over-year. The middle half of 1BR listings asked between $1,913 and $2,134. That puts South Loop $593 above the Chicago citywide 1BR median of $1,538. The month's figures are based on 8 listings across 5 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,975 | −$250 (-11.2%) | −$277 (-12.3%) | $1,975 – $1,975 | 1 |
| 1BR | $2,131 | +$56 (+2.7%) | −$54 (-2.5%) | $1,913 – $2,134 | 3 |
| 2BR | $4,300 | +$499 (+13.1%) | +$93 (+2.2%) | $4,300 – $4,300 | 1 |
| 3BR | $9,025 | +$2,985 (+49.4%) | +$3,214 (+55.3%) | $9,025 – $9,025 | 1 |
| 4BR | $10,815 | −$285 (-2.6%) | −$1,185 (-9.9%) | $10,808 – $10,823 | 2 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
South Loop vs. Chicago — August 2024
| Bedrooms | South Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,975 | $1,190 | +$785 (+66.0%) |
| 1BR | $2,131 | $1,538 | +$593 (+38.6%) |
| 2BR | $4,300 | $1,823 | +$2,478 (+135.9%) |
| 3BR | $9,025 | $2,300 | +$6,725 (+292.4%) |
| 4BR | $10,815 | $2,995 | +$7,820 (+261.1%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2024.