Apartments for Rent in South Loop, Chicago, IL

What is the average rent for a 1-bedroom apartment in South Loop, Chicago, IL?

One-bedroom apartments in South Loop average around $2,300 per month in 2025, representing a 2.2% increase from the previous year. These units typically offer about 676 square feet of living space.

What is the average rent for a 2-bedroom apartment in South Loop, Chicago, IL?

Two-bedroom apartments in South Loop rent for around $3,000 per month in 2025, up 3.4% from 2024. These units average approximately 987 square feet in size.

What is the average rent for a 3-bedroom apartment in South Loop, Chicago, IL?

Three-bedroom apartments in South Loop average around $4,500 per month in 2025, down 5.6% from the previous year. These larger units typically span about 1,645 square feet and may offer better value given their recent price decline.

How much does it cost to rent an apartment in South Loop, Chicago, IL?

South Loop's rental market in Chicago averaged around $2,600 per month across all property types in 2025, up 3.6% year over year. Renters may find better pricing in spring months, as July typically sees the highest rents at about 8% above April rates.

What is the average apartment size in South Loop, Chicago, IL?

Apartments in South Loop average 861 square feet across all unit types. Studios offer around 514 square feet, while three-bedroom units provide the most space at approximately 1,645 square feet.

What type of apartment is most common in South Loop, Chicago, IL?

One-bedroom apartments are the most common rental type in South Loop, with an average of about 216 listings available monthly. Two-bedroom units follow as the second most prevalent option with approximately 179 listings per month.

Why South Loop, Chicago is a great place to live

South Loop is a neighborhood that seamlessly aligns with the lifestyles and interests of its residents. Our analysis of recent data reveals that this area is particularly well-suited for individuals prioritizing social life and fitness wellness.

For those focused on fitness and wellness, South Loop offers an array of amenities, including onsite gym equipment, abundant natural lighting, and access to health and wellness events. The presence of fitness centers, gyms, farmers' markets, and health food stores further supports a healthy lifestyle. Additionally, features like low VOC materials and soundproofing contribute to a wholesome living environment.

The neighborhood also caters to those with an active social life, thanks to its diverse range of restaurants, a balanced neighborhood age distribution, and convenient transit options. Furthermore, the area's well-maintained street infrastructure and emphasis on safety make it an ideal setting for socializing and community engagement.

What type of apartment is least common in South Loop, Chicago, IL?

Three-bedroom apartments are the least common rental type in South Loop, with about 49 listings available monthly. Studios are also relatively limited, averaging around 61 listings per month.