Monthly Rent Report
South Loop Rent Report — September 2024
Asking rents in ZIP 60601, Chicago, from 310 listings.
Median 1BR rent in South Loop was $2,400 in September 2024, up 12.6% (+$269) from August 2024 and down 9.3% year-over-year. The middle half of 1BR listings asked between $2,222 and $2,400. That puts South Loop $905 above the Chicago citywide 1BR median of $1,495. The month's figures are based on 310 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2024 | Vs. September 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,255 | +$280 (+14.2%) | +$408 (+22.1%) | $1,940 – $2,446 | 297 |
| 1BR | $2,400 | +$269 (+12.6%) | −$245 (-9.3%) | $2,222 – $2,400 | 5 |
| 1BR | $2,700 | +$569 (+26.7%) | +$55 (+2.1%) | $2,700 – $2,700 | 2 |
| 2BR | $3,400 | −$900 (-20.9%) | −$100 (-2.9%) | $3,300 – $3,700 | 3 |
| 3BR | $6,100 | −$2,925 (-32.4%) | −$1,400 (-18.7%) | $6,100 – $6,100 | 2 |
| 4BR | $11,000 | +$185 (+1.7%) | — | $11,000 – $11,000 | 1 |
Median, P25, and P75 are asking rents from listings posted in September 2024. Changes compare against the nearest prior month with data.
South Loop vs. Chicago — September 2024
| Bedrooms | South Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,255 | $1,195 | +$1,060 (+88.7%) |
| 1BR | $2,400 | $1,495 | +$905 (+60.5%) |
| 1BR | $2,700 | $1,495 | +$1,205 (+80.6%) |
| 2BR | $3,400 | $1,843 | +$1,558 (+84.5%) |
| 3BR | $6,100 | $2,350 | +$3,750 (+159.6%) |
| 4BR | $11,000 | $2,750 | +$8,250 (+300.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in September 2024.