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.

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.

Cheap Apartments for Rent in South Loop, Chicago, IL

39 rentals

Rent special

35m ago

8.8

Very good

Carriage House Lofts

1545 S State St, Chicago, IL 60605

Affordable | In-unit laundry | Garage parking

1–3 beds

1–2 baths

$2,346–$3,889

Apartment for rent

Top amenities

Ceiling Fan

Dishwasher

Elevator

Garage Parking

High Ceilings

Package Service

Call

5d+ ago

Cheap South Loop condo for rent in Chicago

1620 S Michigan Ave #525, Chicago, IL 60616

Affordable | In-unit laundry | Assigned parking

2 beds

1 bath

$2,350

Condo for rent

Available Nov 3

Top amenities

High Ceilings

In-Unit Laundry

5d+ ago

Cheap South Loop apartment for rent in Chicago

1620 S Michigan Ave #825, Chicago, IL 60616

Affordable | On-site laundry | Garage parking

2 beds

1 bath

$2,500

Apartment for rent

Available Jul 1

Top amenities

On-Site Laundry

Package Service

17h ago

Verified

320 E 21st St #515, Chicago, IL 60616

Affordable | In-unit laundry | Assigned parking

2 beds

2 baths

$2,700

Condo for rent

Available Jul 1

Top amenities

Air Conditioning

Hardwood Floor

In-Unit Laundry

On-Site Laundry

Wheelchair Accessible

8h ago

Verified

Affordable | In-unit laundry | Dishwasher

2 beds

2 baths

$3,150

$2,747

Price drop

Apartment for rent

Top amenities

Dishwasher

In-Unit Laundry

On-Site Laundry

Highly rated

Rent special

5d+ ago

9.1

Excellent

2101 Michigan

2101 S Michigan Ave, Chicago, IL 60616

Affordable | On-site laundry | Garage parking

2 beds

1 bath

$2,755

Apartment for rent

Top amenities

Elevator

Fitness Center

Garage Parking

On-Site Laundry

On-Site Management

Storage

Nearby rental good for eco-living

$2,892

51 E 14th St #2-2

Nearby rental good for pet owners

$2,346–$3,889

1545 S State St

5d+ ago

Cheap South Loop condo for rent in Chicago

Affordable | On-site laundry | Garage parking

2 beds

2 baths

$2,800

Condo for rent

Top amenities

Garage Parking

On-Site Laundry

4d ago

Verified

Affordable | In-unit laundry | Dishwasher

2 beds

2 baths

$2,839

Apartment for rent

Top amenities

Hardwood Floor

In-Unit Laundry

On-Site Laundry

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15h ago

Cheap South Loop apartment for rent in Chicago

Affordable | In-unit laundry

2 beds

2 baths

$2,849

Apartment for rent

Available Aug 6

Top amenities

In-Unit Laundry

2d ago

Verified

51 E 14th St #2-2, Chicago, IL 60605

Affordable | In-unit laundry | Dishwasher

2 beds

2 baths

$2,892

Apartment for rent

Top amenities

Fitness Center

In-Unit Laundry

On-Site Laundry

Find sweet deals in South Loop

These rentals are 10%-30% cheaper than the local average price for similar rentals.

$2,350

1620 S Michigan Ave #525

$2,500

1620 S Michigan Ave #825

$2,683–$3,270

1545 S State St

11h ago

Cheap South Loop apartment for rent in Chicago

2 Bed 2 Bath 1 Parking S. Loop Available 7/15 (South Loop)

1345 S Wabash Ave, Chicago, IL 60605

Affordable | In-unit laundry | Garage parking

2 beds

2 baths

$2,900

Apartment for rent

Available Jun 1

Top amenities

In-Unit Laundry

Microwave

4d ago

Cheap South Loop condo for rent in Chicago

CONDOS - Chicago, IL

2001 S Calumet Ave #508, Chicago, IL 60616

Affordable | In-unit laundry | Dishwasher

2 beds

2 baths

$3,150

$2,900

Price drop

Condo for rent

Top amenities

Dishwasher

High Ceilings

In-Unit Laundry

5d+ ago

Verified

1212 S Michigan Ave #402, Chicago, IL 60605

Affordable | In-unit laundry | Dishwasher

2 beds

2 baths

$2,946

Apartment for rent

Available Sep 5

Top amenities

Elevator

In-Unit Laundry

1d ago

Verified

Affordable | In-unit laundry | Dishwasher

2 beds

1 bath

$2,950

Apartment for rent

Top amenities

Dishwasher

Hardwood Floor

In-Unit Laundry

On-Site Laundry

5d+ ago

Verified

Affordable | On-site laundry | Dishwasher

2 beds

2 baths

$2,984

Apartment for rent

Top amenities

Hardwood Floor

On-Site Laundry

5d+ ago

Cheap South Loop condo for rent in Chicago

Spacious South Loop 2 Bed 2 Bath w/ HUGE 400 sq ft private terrace

1430 S Michigan Ave #206, Chicago, IL 60605

Affordable | In-unit laundry | Garage parking

2 beds

2 baths

$3,000

Condo for rent

Available May 1

Top amenities

Air Conditioning

Assigned Parking

Cable

Carpet

Dishwasher

Garage Parking

5d+ ago

Cheap South Loop condo for rent in Chicago

1255 S State St #1918, Chicago, IL 60605

Affordable | In-unit laundry | Garage parking

2 beds

1 bath

$3,000

Condo for rent

Top amenities

Dishwasher

Fitness Center

High Ceilings

In-Unit Laundry

On-Site Laundry

Storage

5d+ ago

Cheap South Loop apartment for rent in Chicago

Affordable | Dishwasher | Central heat

2 beds

2 baths

$3,025

Apartment for rent

5d+ ago

Verified

1400 S Wabash Ave, Chicago, IL 60605

Affordable | In-unit laundry | Central heat

2 beds

2 baths

$3,055

Apartment for rent

Top amenities

In-Unit Laundry

On-Site Laundry

1212 S Michigan Ave #1301 - Photo 1 of 1

5d+ ago

Verified

1212 S Michigan Ave #1301, Chicago, IL 60605

Affordable | In-unit laundry | Dishwasher

2 beds

2 baths

$3,084

Apartment for rent

Top amenities

Dishwasher

Hardwood Floor

In-Unit Laundry

5d+ ago

Cheap South Loop condo for rent in Chicago

SINGLE_FAMILY - Chicago, IL

343 E 25th Pl #18B, Chicago, IL 60616

Affordable | In-unit laundry | Dishwasher

3 beds

2 baths

$3,200

Condo for rent

Top amenities

In-Unit Laundry

No deposit

4d ago

Cheap South Loop house for rent in Chicago

SINGLE_FAMILY - Chicago, IL

1314 S Wabash Ave #3, Chicago, IL 60605

Affordable | On-site laundry | Hardwood floor

3 beds

1 bath

$3,275

House for rent

Top amenities

On-Site Laundry

5d+ ago

Cheap South Loop apartment for rent in Chicago

Affordable | In-unit laundry | Air conditioning

3 beds

2 baths

$3,495

Apartment for rent

Available Dec 1

Top amenities

Air Conditioning

Business Center

Fitness Center

In-Unit Laundry

On-Site Laundry

4d ago

Verified

Affordable | In-unit laundry | Air conditioning

3 beds

2 baths

$3,595

Apartment for rent

Available Jun 1

Top amenities

Air Conditioning

In-Unit Laundry

On-Site Laundry

5d+ ago

Verified

Affordable | In-unit laundry | Garage parking

3 beds

2 baths

$3,695

Apartment for rent

Top amenities

Dishwasher

Fitness Center

Garage Parking

In-Unit Laundry

On-Site Laundry

Roof Deck

1464 South Michigan Avenue, Unit 20 - Photo 1 of 1

20h ago

7.5

Very good

1464 South Michigan Avenue, Unit 20

1464 S Michigan Ave, Chicago, IL 60605

Affordable | In-unit laundry | Dishwasher

3 beds

2 baths

$3,900

Condo for rent

Available Jun 6

Top amenities

Air Conditioning

Dishwasher

Hardwood Floor

In-Unit Laundry

On-Site Laundry

5d+ ago

Cheap South Loop townhouse for rent in Chicago

1812 S Dearborn St, Chicago, IL 60616

Affordable | In-unit laundry | Assigned parking

3 beds

2 baths

$4,000

House for rent

Top amenities

Assigned Parking

In-Unit Laundry

Oven

1255 S Michigan Ave #3-2-5 - Photo 1 of 1

5d+ ago

Verified

Affordable | In-unit laundry | Dishwasher

3 beds

2.5 baths

$4,480

$4,320

Price drop

Apartment for rent

Top amenities

Dishwasher

Fitness Center

In-Unit Laundry

On-Site Laundry

5d+ ago

Verified

S Michigan & 13th St #5, Chicago, IL 60605

Affordable | In-unit laundry | Dishwasher

3 beds

2 baths

$4,500

Apartment for rent

Top amenities

Fitness Center

In-Unit Laundry

On-Site Laundry

2d ago

Cheap South Loop condo for rent in Chicago

1515 S Prairie Ave #1010, Chicago, IL 60605

Affordable | Garage parking | Storage

4 beds

3 baths

$5,300

Condo for rent

Top amenities

Assigned Parking

Garage Parking

Hardwood Floor

High Ceilings

On-Site Management

Roof Deck

Showing 1 - 30 of 30 results

Home > Apartments in Chicago > South Loop > South Loop Cheap Apartments For Rent

Updated: June 6, 2026

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