Average Rent in Loop, Chicago, IL and Rent Price Trends

Rent trends in Loop, Chicago, IL

Average rent prices in Loop have decreased by 1% over the last month and have decreased by 2% 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 $2,782, whereas a house costs $3,000. 1-bedroom apartments in Loop run $2,714 on average, while 2-bedroom apartments are $3,862.


Studio	$2,324	5%	2%
1 bedroom	$2,695	7%	2%
2 bedroom	$3,860	5%	4%
3 bedroom	$6,067	7%	No Change
4 bedroom	$8,917	32%	35%

		Listings
Austin	$1,395
Hyde Park	$2,037
Near North Side	$3,045
Near West Side	$3,000
Rogers Park	$1,625
South Loop	$2,595


Apartments	$2,782	5%	No Change
Condos	$2,750	1%	No Change
Houses	$3,000	6%	No Change
Rooms	$1,599	1%	-

Studio

Average rent

$2,324

Last 30 days

Last year

1 bedroom

Average rent

$2,695

Last 30 days

Last year

2 bedroom

Average rent

$3,860

Last 30 days

Last year

3 bedroom

Average rent

$6,067

Last 30 days

Last year

No Change

4 bedroom

Average rent

$8,917

Last 30 days

32%

Last year

35%

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$2,768

43%

higher than the national median

Median rent price$1,395

28%

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.

Average rent in nearby neighborhoods

Explore rent trends in neighboring markets

$1,395

$2,037

$3,045

$3,000

$1,625

$2,595

Discover rentals in Loop, Chicago, IL

20h ago

7.8

Very good

30 East Roosevelt

30 E Roosevelt Rd, Chicago, IL 60605

1–2 beds

1 bath

$1,750–$2,100

Apartment for rent

3D tour

1d ago

9.3

Excellent

Verified

188 North Wells Street

188 N Wells St #1234, Chicago, IL 60606

Studio–1 bed

1 bath

$1,810–$1,830

Apartment for rent

5d+ ago

Loop condo for rent in Chicago

200 N Dearborn St #1601, Chicago, IL 60601

1 bed

1 bath

$1,950

Condo for rent

15h ago

8.8

Very good

Astoria Tower

8 E 9th St, Chicago, IL 60605

Studio–2 beds

1–2 baths

$1,979–$3,469

Apartment for rent

18h ago

9.4

Excellent

777 South State

2 E 8th St, Chicago, IL 60605

Studio–2 beds

1–2 baths

$1,990–$3,055

Apartment for rent

5d+ ago

Verified

1 bed

1 bath

$2,036

Apartment for rent

5d+ ago

Loop condo for rent in Chicago

400 E Randolph St #921, Chicago, IL 60601

1 bed

1 bath

$2,050

Condo for rent

4d ago

Verified

1 bed

1 bath

$2,075

Apartment for rent

Stay up to date with rental market insights

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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 $2,768 per month as of July 25, 2026.

Is rent up or down in Loop?

Average rent prices in Loop have decreased by 1% over the last month and have decreased by 2% since last year.

How does Loop rent compare to the national average?

Rent in Loop is 43% above the national average, which means renters are paying approximately $838 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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