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

Rent trends in South Loop, Chicago, IL

Average rent prices in South Loop have decreased by 2% over the last month and have decreased by 6% 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
South Loop, Chicago, IL

Rent prices in South Loop vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in South Loop is $2,443, whereas a house costs $3,260. 1-bedroom apartments in South Loop run $2,374 on average, while 2-bedroom apartments are $3,277.


Studio	$2,133	2%	7%
1 bedroom	$2,373	2%	2%
2 bedroom	$3,250	No Change	1%
3 bedroom	$4,850	3%	No Change
4 bedroom	$6,500	82%	20%

		Listings
Armour Square	$1,975
Austin	$1,395
Bridgeport	$1,850
Douglas	$1,508
Loop	$2,767
Lower West Side	$1,897


Apartments	$2,443	No Change	No Change
Condos	$2,800	2%	No Change
Houses	$3,260	7%	No Change

Studio

Average rent

$2,133

Last 30 days

Last year

1 bedroom

Average rent

$2,373

Last 30 days

Last year

2 bedroom

Average rent

$3,250

Last 30 days

No Change

Last year

3 bedroom

Average rent

$4,850

Last 30 days

Last year

No Change

4 bedroom

Average rent

$6,500

Last 30 days

82%

Last year

20%

The table above reflects average rent prices in South 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 South Loop, Chicago, IL compare to other neighborhoods?

Compare median rent prices in South Loop and Armour Square by all bedroom counts and property types.

South Loop

Median rent price$2,571

35%

higher than the national median

Median rent price$1,975

higher than the national median

Takeaway

The median rent for all rentals in South Loop, Chicago, IL is 30% higher than the median rent in Armour Square, Chicago, IL.

Average rent in nearby neighborhoods

Explore rent trends in neighboring markets

$1,975

$1,395

$1,850

$1,508

$2,767

$1,897

Discover rentals in South Loop, Chicago, IL

21st Street Lofts by 3L Living - Photo 1 of 1

1d ago

8.5

Very good

21st Street Lofts by 3L Living

61 E 21st St, Chicago, IL 60616

Studio–1 bed

1 bath

$1,429–$1,739

5d+ ago

South Loop condo for rent in Chicago

345 E Eastgate Pl, Chicago, IL 60616

1 bed

1 bath

$1,600

No deposit

5d+ ago

South Loop house for rent in Chicago

Residential Lease, Chicago, IL

1312 S Wabash Ave #7, Chicago, IL 60605

1 bed

1 bath

$1,800

5d+ ago

South Loop house for rent in Chicago

Residential Lease, Chicago, IL

1312 S Wabash Ave #1, Chicago, IL 60605

1 bed

1 bath

$1,995

$1,895

Price drop

5d+ ago

Verified

1 bed

1 bath

$1,928

5d+ ago

South Loop condo for rent in Chicago

320 E 21st St #208, Chicago, IL 60616

2 beds

1 bath

$2,100

Highly rated

Rent special

5d+ ago

8.5

Very good

2101 Michigan

2101 S Michigan Ave, Chicago, IL 60616

1–3 beds

1 bath

$2,116–$3,037

Rent special

1d ago

8.8

Very good

Carriage House Lofts

1545 S State St, Chicago, IL 60605

1–2 beds

1–2 baths

$2,211–$3,176

Call

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Frequently asked questions for South Loop, Chicago, IL

Quick answers to common questions about the South Loop rental market.

How much is rent in South Loop?

The average rent in South Loop is $2,571 per month as of September 12, 2026.

Is rent up or down in South Loop?

Average rent prices in South Loop have decreased by 2% over the last month and have decreased by 6% since last year.

How does South Loop rent compare to the national average?

Rent in South Loop is 35% above the national average, which means renters are paying approximately $671 more per month.

What salary do I need to afford rent in South Loop?

To comfortably afford rent in South Loop, you'd need to earn approximately $103,000/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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