Last updated on September 16, 2026

Average rent in
Loop, Chicago, IL

Median rent

Median rent in Loop

$2,767/mo

Flat

vs previous year

The average rent in Loop is $2,767 per month as of September 2026. This is 46% above the national average rent, or $867 more per month.

$3.33

average price per square foot

Total rentals

Available rentals in Loop

394

for rent on Zumper.com as of September 2026

Rent price distribution

Share of Loop rentals at each price point

60%45%30%15%0%
$0 - $1,500
$1,501 - $3,000
$3,001 - $4,500
$4,501 - $6,000
$6,001 - $50,000

Rent trends in Loop, Chicago, IL

Average rent prices in Loop have remained the same over the last month and have remained the same since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in Loop, Chicago, IL

Rent prices in Loop vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Loop is $2,780, whereas a house costs $2,950. 1-bedroom apartments in Loop run $2,722 on average, while 2-bedroom apartments are $3,800.

Listings

Studio

$2,280

1%

3%

1 bedroom

$2,655

No Change

No Change

2 bedroom

$3,755

1%

7%

3 bedroom

$5,628

3%

9%

4 bedroom

$7,284

80%

18%

Studio

Average rent

$2,280

Last 30 days

1%

Last year

3%

1 bedroom

Average rent

$2,655

Last 30 days

No Change

Last year

No Change

2 bedroom

Average rent

$3,755

Last 30 days

1%

Last year

7%

3 bedroom

Average rent

$5,628

Last 30 days

3%

Last year

9%

4 bedroom

Average rent

$7,284

Last 30 days

80%

Last year

18%

The table above reflects average rent prices in Loop, Chicago, IL, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in Loop, Chicago, IL compare to other neighborhoods?

Compare median rent prices in Loop and Austin by all bedroom counts and property types.

Loop

Median rent price$2,767
increased by46%

higher than the national median

Median rent price$1,395
decreased by27%

lower than the national median

Takeaway

The median rent for all rentals in Loop, Chicago, IL is 98% higher than the median rent in Austin, Chicago, IL.

Discover rentals in Loop, Chicago, IL

188 North Wells Street - Photo 1 of 1
3D tour

2d ago

9.3

Excellent

Our team has verified this company

Verified

188 North Wells Street

188 N Wells St #1236, Chicago, IL 60606

Studio–1 bed

1 bath

$1,400–$1,970

820 Michigan by 3L Living - Photo 1 of 1
Highly rated

1d ago

8.3

Very good

820 Michigan by 3L Living

820 S Michigan Ave, Chicago, IL 60605

Studio–2 beds

1–2 baths

$1,599–$2,599

30 East Roosevelt - Photo 1 of 1

5d+ ago

7.8

Very good

30 East Roosevelt

30 E Roosevelt Rd, Chicago, IL 60605

Studio–2 beds

1 bath

$1,700–$2,100

30 East Roosevelt Road - Photo 1 of 1
3D tour

2d ago

9.3

Excellent

Our team has verified this company

Verified

30 East Roosevelt Road

30 E Roosevelt Rd #802, Chicago, IL 60605

1–2 beds

1 bath

$1,800–$2,380

Stay up to date with rental market insights

Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.

Frequently asked questions for Loop, Chicago, IL

Quick answers to common questions about the Loop rental market.

How much is rent in Loop?

The average rent in Loop is $2,767 per month as of September 12, 2026.

Is rent up or down in Loop?

Average rent prices in Loop have remained the same over the last month and have remained the same since last year.

How does Loop rent compare to the national average?

Rent in Loop is 46% above the national average, which means renters are paying approximately $867 more per month.

What salary do I need to afford rent in Loop?

To comfortably afford rent in Loop, you'd need to earn approximately $111,000/year, based on spending no more than 30% of your income on rent.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).

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