Monthly Rent Report
South Loop Rent Report — December 2024
Asking rents in ZIP 60601, Chicago, from 130 listings.
Median 1BR rent in South Loop was $3,000 in December 2024, up 55.9% (+$1,076) from November 2024 and up 17.5% year-over-year. The middle half of 1BR listings asked between $2,280 and $3,000. That puts South Loop $1,350 above the Chicago citywide 1BR median of $1,650. The month's figures are based on 130 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2024 | Vs. December 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,115 | +$115 (+5.8%) | −$12 (-0.6%) | $2,115 – $2,115 | 2 |
| Studio | $2,115 | +$115 (+5.8%) | −$12 (-0.6%) | $2,115 – $2,115 | 5 |
| 1BR | $3,000 | +$1,076 (+55.9%) | +$446 (+17.5%) | $2,280 – $3,000 | 17 |
| 1BR | $1,714 | −$210 (-10.9%) | −$840 (-32.9%) | $1,714 – $1,714 | 1 |
| 2BR | $3,309 | +$814 (+32.6%) | −$263 (-7.4%) | $3,225 – $3,417 | 6 |
| 2BR | $3,309 | +$814 (+32.6%) | −$263 (-7.4%) | $3,225 – $3,417 | 6 |
| 3BR | $4,995 | −$7,005 (-58.4%) | −$4,505 (-47.4%) | $4,790 – $5,939 | 92 |
| 4BR | $11,000 | −$8,500 (-43.6%) | −$400 (-3.5%) | $11,000 – $11,000 | 1 |
Median, P25, and P75 are asking rents from listings posted in December 2024. Changes compare against the nearest prior month with data.
South Loop vs. Chicago — December 2024
| Bedrooms | South Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,115 | $1,385 | +$730 (+52.7%) |
| Studio | $2,115 | $1,385 | +$730 (+52.7%) |
| 1BR | $3,000 | $1,650 | +$1,350 (+81.8%) |
| 1BR | $1,714 | $1,650 | +$64 (+3.9%) |
| 2BR | $3,309 | $1,953 | +$1,357 (+69.5%) |
| 2BR | $3,309 | $1,953 | +$1,357 (+69.5%) |
| 3BR | $4,995 | $2,395 | +$2,600 (+108.6%) |
| 4BR | $11,000 | $2,850 | +$8,150 (+286.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in December 2024.