What is the average rent for 1 bedroom apartments for rent in Loop, IL?

The average rent for 1 bedroom apartments for rent in Loop is $2586 per month. There are 136 1 bedroom apartments for rent in Loop, IL.

What is the average rent for 2 bedroom apartments for rent in Loop, IL?

The average rent for 2 bedroom apartments for rent in Loop is $3540 per month. Currently, there are 87 2 bedroom apartments for rent in Loop, IL.

What is the average rent for 3 bedroom apartments for rent in Loop, IL?

The average rent for 3 bedroom apartments for rent in Loop is $5895 per month. As of today, there are 26 3 bedroom apartments for rent in Loop, IL.

How expensive is it to rent an apartment in Loop, IL?

The average rent price in Loop, IL for a 2 bedroom apartment is $3540 per month. Loop average rent price is above the average national apartment rent price which is $1750 per month for a 2 bedroom apartment. Aside from rent price, the cost of living in Loop is also important to know. Cost of living includes but is not limited to: groceries, gas, utilities, water, and electric.

What is the average size of an apartment in Loop, IL?

The average size of a 1 bedroom apartment rental in Loop is 695 square feet. The average size of a 2 bedroom apartment rental in Loop is 1042 square feet. The average size of a 3 bedroom apartment rental in Loop is 1723 square feet.

Can I afford an apartment for rent in Loop, IL?

To help you better understand how much rent you can afford , check out Zumper's rent calculator. Our rent calculator can help you learn more about Loop average rent prices .

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

1 bedroom apartments are the most common type of rentals in Loop, Chicago, IL right now.

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

4+ bedroom apartments are the least common type of rentals in Loop, Chicago, IL right now.

Apartments for Rent in Loop, Chicago, IL - 537 Rentals

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Studios for rent in Loop, Chicago, IL64 rentals

64 rentals

2 bedrooms for rent in Loop, Chicago, IL87 rentals

87 rentals

Studios for rent in Chicago, IL1,596 rentals

1,596 rentals

1 bedrooms for rent in Chicago, IL3,011 rentals

3,011 rentals

2 bedrooms for rent in Chicago, IL2,841 rentals

2,841 rentals

3 bedrooms for rent in Chicago, IL1,306 rentals

1,306 rentals

Pet friendly apartments in Loop, Chicago, IL241 rentals

241 rentals

Furnished apartments in Chicago, IL307 rentals

307 rentals

Move-in special apartments in Chicago, IL121 rentals

121 rentals

No security deposit apartments in Chicago, IL

Pet friendly apartments in Chicago, IL4,535 rentals

4,535 rentals

Utilities included apartments in Chicago, IL208 rentals

208 rentals

Berwyn apartments65 rentals

65 rentals

Cicero apartments43 rentals

43 rentals

Elmwood Park apartments29 rentals

29 rentals

Forest Park apartments29 rentals

29 rentals

Maywood apartments16 rentals

16 rentals

Oak Lawn apartments34 rentals

34 rentals

Oak Park apartments224 rentals

224 rentals

River Grove apartments17 rentals

17 rentals

Skokie apartments79 rentals

79 rentals

Wilmette apartments12 rentals

12 rentals

Douglas apartments100 rentals

100 rentals

Lakeview apartments1,416 rentals

1,416 rentals

Lincoln Park apartments509 rentals

509 rentals

Logan Square apartments514 rentals

514 rentals

Lower West Side apartments132 rentals

132 rentals

Near North Side apartments1,163 rentals

1,163 rentals

Near West Side apartments550 rentals

550 rentals

South Loop apartments207 rentals

207 rentals

Uptown apartments528 rentals

528 rentals

West Town apartments539 rentals

539 rentals

1241 W. Oakdale

1326 W. Diversey

2015-19 W. Ainslie / 4855-57 N. Seeley

Cheap apartments in Loop77 rentals

77 rentals

Short-term rentals in Loop

Apartments for rent in Chicago8754 rentals

8754 rentals

Cheap apartments in Chicago4,805 rentals

4,805 rentals

Low-income apartments in Chicago23 rentals

23 rentals

Luxury apartments in Chicago4,264 rentals

4,264 rentals

No Fee apartments in Chicago8,175 rentals

8,175 rentals

Short-term rentals in Chicago918 rentals

918 rentals

Under $1,000 apartments in Chicago

Under $1,500 apartments in Chicago

Under $800 apartments in Chicago

Cheap houses in Chicago470 rentals

470 rentals

Houses for rent in Chicago588 rentals

588 rentals

Luxury houses in Chicago564 rentals

564 rentals

No Fee houses in Chicago658 rentals

658 rentals

Rooms for rent in Chicago54 rentals

54 rentals

1120 S Clark St, Chicago, IL 60605

144 W Roosevelt Rd, Chicago, IL 60605

172 W Randolph St, Chicago, IL 60601

20 E Adams St, Chicago, IL 60603

201 N Westshore Dr, Chicago, IL 60601

22 E Adams St, Chicago, IL 60603

330 E Wacker Dr, Chicago, IL 60601

445 E Waterside Dr, Chicago, IL 60601

72 E Randolph St, Chicago, IL 60601

808 S Clark St, Chicago, IL 60605

Learn more about renting 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.

Methodology: How we got this data

Zumper’s proprietary rental data fuels our analysis. Rent and market trends, availability, neighborhood popularity, and lifestyle scores are all calculated using real-time and 2024 rental inventory and prices.

Our Lifestyle Categories ("great for eco-living," "great for social life," "great for pet owners," etc.) are determined by set criteria, against which we score each listing and its available features. At the neighborhood level, we calculate the listing count for each category to determine which lifestyles best fit each area.

Zumper, founded in 2012, is North America’s largest privately-owned rental platform, offering over 1 million listings across the U.S. and Canada. Stay informed on the latest trends and shifts in the rental market with our monthly National Rent Report, your go-to resource for key insights into the evolving rental landscape.

Loop, Chicago rent data for:

Apartments for rent

Average Rent

$2,940

Year Over Year Change

$174

Rentals available, last 30 days

309

Rent ranges for Loop Chicago apartments

$6,001 - $50,000

$4,501 - $6,000

$3,001 - $4,500

$1,501 - $3,000

$0 - $1,500

$6,001 - $50,000

$4,501 - $6,000

$3,001 - $4,500

24%

$1,501 - $3,000

65%

$0 - $1,500

24%

65%

How has rent in Loop, Chicago, IL changed in the last two years?

The average rent in Loop, Chicago, IL, for rentals of all sizes and types, is $2,940, which is a 6.3% increase year-over-year.

The monthly rent for 1-bedroom apartments in Loop, Chicago, IL is about $2,602. The average rent for 2-bedroom apartments in Loop, Chicago, IL is $3,533, and studios are about $2,067 per month.

See more Loop, Chicago, IL rent data on our rent research page.

Compare neighborhood median rent prices in Chicago, IL

$1,950

30% higher than city median

$2,000

33% higher than city median

The median rent for studio apartments in Near North Side is 3% lower than the median rent in Near West Side.

What are the K-12 schools in Loop, Chicago, IL?

Showing 1 - 5 of 471 results

How do residents get around Loop, Chicago, IL?

Loop, Chicago has a walk score of 10/10, so when you need to run errands or leave the neighborhood, consider heading out on foot. With a public transportation score of 10/10, you’ll have many opportunities to commute via metro bus or train.

Walking

10/10

No car? No problem. Everything you need is within a few blocks.

Cycling

9/10

Helmets on–you can get anywhere in this cyclist-friendly, well-connected area.

Driving

5/10

This area is accessible to thoroughfares and has ample parking options.

Transit

10/10

Getting around is a breeze; rapid transit and bus lines are a few blocks away.

Scores for Chicago are calculated based on the proximity to and amount of infrastructure supporting each method of transportation.

Looking for apartments in Loop, Chicago, IL near you?

🔑Available apartment rentals	537
💰Best rent deal	63 E Lake St
✨Popular amenities	, ,
🧦In-unit laundry
🍽With dishwasher
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