Last updated on November 1, 2026

Average rent in
Loop, Chicago, IL

Median rent

Median rent in Loop

$2,727/mo

decreased by1%

vs previous year

The average rent in Loop is $2,727 per month as of October 2026. This is 44% above the national average rent, or $827 more per month.

$3.27

average price per square foot

Total rentals

Available rentals in Loop

780

for rent on Zumper.com as of October 2026

Rent price distribution

Share of Loop rentals at each price point

65%49%33%16%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 increased by 2% over the last month and have decreased by 1% 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 $2,741, whereas a house costs $3,975. 1-bedroom apartments in Loop run $2,700 on average, while 2-bedroom apartments are $3,854.

Listings

Studio

$2,262

1%

9%

1 bedroom

$2,657

3%

4%

2 bedroom

$3,825

2%

9%

3 bedroom

$5,709

4%

3%

4 bedroom

$6,730

8%

1%

Studio

Average rent

$2,262

Last 30 days

1%

Last year

9%

1 bedroom

Average rent

$2,657

Last 30 days

3%

Last year

4%

2 bedroom

Average rent

$3,825

Last 30 days

2%

Last year

9%

3 bedroom

Average rent

$5,709

Last 30 days

4%

Last year

3%

4 bedroom

Average rent

$6,730

Last 30 days

8%

Last year

1%

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$2,727
increased by44%

higher than the national median

Median rent price$1,350
decreased by29%

lower than the national median

Takeaway

The median rent for all rentals in Loop, Chicago, IL is 102% higher than the median rent in Austin, Chicago, IL.

Discover rentals in Loop, Chicago, IL

63 E Lake St #606M - Photo 1 of 1

5d+ ago

Loop apartment for rent in Chicago

63 E Lake St #606M, Chicago, IL 60601

Studio

1 bath

$1,532

Price dropped $176Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
63 E Lake St #0618 - Photo 1 of 1

5d+ ago

Loop apartment for rent in Chicago

63 E Lake St #0618, Chicago, IL 60601

Studio

1 bath

$1,577

Price dropped $176Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
63 E Lake St #514M - Photo 1 of 1

5d+ ago

Loop apartment for rent in Chicago

63 E Lake St #514M, Chicago, IL 60601

Studio

1 bath

$1,624

Price dropped $176Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
63 E Lake St #706M - Photo 1 of 1

9h ago

Loop apartment for rent in Chicago

Studio

1 bath

$1,627

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.

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 $2,727 per month as of October 31, 2026.

Is rent up or down in Loop?

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

How does Loop rent compare to the national average?

Rent in Loop is 44% above the national average, which means renters are paying approximately $827 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 $109,000/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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