Monthly Rent Report
South Loop Rent Report — October 2024
Asking rents in ZIP 60601, Chicago, from 400 listings.
Median 1BR rent in South Loop was $2,004 in October 2024, down 25.8% (−$696) from September 2024 and down 25.1% year-over-year. The middle half of 1BR listings asked between $1,792 and $2,243. That puts South Loop $567 above the Chicago citywide 1BR median of $1,437. The month's figures are based on 400 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2024 | Vs. October 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,189 | −$66 (-2.9%) | +$148 (+7.3%) | $2,009 – $2,415 | 212 |
| Studio | $1,995 | −$260 (-11.5%) | −$45 (-2.2%) | $1,903 – $2,120 | 31 |
| 1BR | $2,004 | −$696 (-25.8%) | −$671 (-25.1%) | $1,792 – $2,243 | 4 |
| 1BR | $2,470 | −$230 (-8.5%) | −$205 (-7.7%) | $2,266 – $2,605 | 81 |
| 2BR | $3,400 | $0 (0.0%) | +$300 (+9.7%) | $3,400 – $3,400 | 2 |
| 2BR | $3,625 | +$225 (+6.6%) | +$525 (+16.9%) | $3,520 – $3,727 | 41 |
| 3BR | $4,840 | −$1,260 (-20.7%) | +$268 (+5.9%) | $4,785 – $4,973 | 7 |
| 3BR | $5,205 | −$895 (-14.7%) | +$633 (+13.8%) | $4,640 – $5,381 | 21 |
| 4BR | $11,000 | $0 (0.0%) | −$700 (-6.0%) | $11,000 – $11,000 | 1 |
Median, P25, and P75 are asking rents from listings posted in October 2024. Changes compare against the nearest prior month with data.
South Loop vs. Chicago — October 2024
| Bedrooms | South Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,189 | $1,298 | +$891 (+68.7%) |
| Studio | $1,995 | $1,298 | +$698 (+53.8%) |
| 1BR | $2,004 | $1,437 | +$567 (+39.5%) |
| 1BR | $2,470 | $1,437 | +$1,034 (+71.9%) |
| 2BR | $3,400 | $1,770 | +$1,631 (+92.1%) |
| 2BR | $3,625 | $1,770 | +$1,856 (+104.9%) |
| 3BR | $4,840 | $2,305 | +$2,535 (+110.0%) |
| 3BR | $5,205 | $2,305 | +$2,900 (+125.8%) |
| 4BR | $11,000 | $2,995 | +$8,005 (+267.3%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in October 2024.