Monthly Rent Report
South Loop Rent Report — November 2024
Asking rents in ZIP 60601, Chicago, from 22 listings.
Median 1BR rent in South Loop was $2,400 in November 2024, down 2.8% (−$70) from October 2024 and up 15.4% year-over-year. The middle half of 1BR listings asked between $2,195 and $3,941. That puts South Loop $825 above the Chicago citywide 1BR median of $1,575. The month's figures are based on 22 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2024 | Vs. November 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,000 | −$188 (-8.6%) | +$188 (+10.4%) | $1,848 – $2,050 | 3 |
| Studio | $2,000 | −$188 (-8.6%) | +$188 (+10.4%) | $2,000 – $2,000 | 1 |
| 1BR | $2,400 | −$70 (-2.8%) | +$320 (+15.4%) | $2,195 – $3,941 | 8 |
| 1BR | $1,925 | −$545 (-22.1%) | −$155 (-7.5%) | $1,910 – $1,939 | 2 |
| 2BR | $3,500 | +$100 (+2.9%) | +$550 (+18.6%) | $3,500 – $3,500 | 1 |
| 2BR | $2,495 | −$905 (-26.6%) | −$455 (-15.4%) | $2,495 – $2,495 | 1 |
| 3BR | $12,000 | +$6,795 (+130.5%) | +$5,500 (+84.6%) | $12,000 – $12,000 | 2 |
| 3BR | $12,000 | +$6,795 (+130.5%) | +$5,500 (+84.6%) | $12,000 – $12,000 | 2 |
| 4BR | $19,500 | +$8,500 (+77.3%) | +$7,925 (+68.5%) | $19,500 – $19,500 | 2 |
Median, P25, and P75 are asking rents from listings posted in November 2024. Changes compare against the nearest prior month with data.
South Loop vs. Chicago — November 2024
| Bedrooms | South Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,000 | $1,292 | +$708 (+54.8%) |
| Studio | $2,000 | $1,292 | +$708 (+54.8%) |
| 1BR | $2,400 | $1,575 | +$825 (+52.4%) |
| 1BR | $1,925 | $1,575 | +$350 (+22.2%) |
| 2BR | $3,500 | $1,945 | +$1,555 (+79.9%) |
| 2BR | $2,495 | $1,945 | +$550 (+28.3%) |
| 3BR | $12,000 | $2,200 | +$9,800 (+445.5%) |
| 3BR | $12,000 | $2,200 | +$9,800 (+445.5%) |
| 4BR | $19,500 | $2,990 | +$16,510 (+552.2%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in November 2024.