Apartments for Rent in Loop, Chicago, IL

Loop, Chicago apartment availability

The Loop's rental market offers a very strong selection of listings, with an average of over 4,500 rentals available each month. The majority of these listings are 1-bedroom and studio apartments, making it an ideal neighborhood for singles and couples. Many of these apartments offer popular amenities such as in-unit laundry, available in nearly 39% of listings. Additionally, about 38% of apartments in the Loop are pet-friendly, with some having restrictions. With its vibrant downtown location and access to many amenities, the Loop is a great option for renters looking for a lively and convenient place to live.

Loop, Chicago rental market trends

The Loop in Chicago saw a modest increase in rent prices last year, with an average monthly rent of $2,551 across all bed counts and property types, representing a 0.12% year-over-year increase. Breaking it down by bed count, 1-bedrooms averaged $2,410 per month, a slight decrease of 0.5% from the previous year. In contrast, 3-bedrooms experienced a notable 6.3% increase, with an average rent of $5,390. Studios saw a moderate 2.3% increase, with an average rent of $2,009.

Rent prices in the Loop tend to peak in the summer, with July typically being the most expensive month. Compared to December, the month with the lowest rent, prices in July are about 8.1% higher. If you're looking for a new apartment, winter might be a good time to search, as prices are generally lower. However, if you're looking for a specific type of apartment, be prepared for a more competitive market during the summer months.

Loop, Chicago architectural style

The Loop is a hub for modern city living, with a skyline defined by sleek high-rise buildings. In fact, nearly all of the properties in this downtown neighborhood are high-rise apartments, offering residents a chance to live in the heart of the city with stunning views of Lake Michigan and the Chicago skyline. From converted office buildings to luxurious new constructions, the high-rise apartments in the Loop offer a range of amenities and living options for those who want to be in the center of the action. Architectural style in Loop,Chicago is representative of a subset of listings available on Zumper over the last few years.

Why Loop, Chicago is a great place to live

Loop is a top choice for renters prioritizing social living and fitness. According to 2024 data, apartments in the area often feature onsite gym equipment, fitness centers, and proximity to parks and recreation, making it easy to maintain an active lifestyle. Additionally, natural lighting, health and wellness events, and low VOC materials contribute to a holistic approach to wellness. The neighborhood's vibrant social scene is supported by a high concentration of restaurants, frequent transit options, and well-maintained street infrastructure, ensuring residents can easily connect with friends and explore the city. With a strong focus on safety, Loop offers a well-rounded lifestyle for those seeking a dynamic urban experience.