Chances are if you’ve been to Chicago, you’ve spent some time in the Loop. There’s so much to do that you may find yourself renting an apartment and calling it home for a while. According to the most recent census, 29,283 other people already do. Not only is The Loop the central business district; Chicago's street numbering system originates in the Loop at the intersection of State Street and Madison Street. It is undeniably Chicago’s epicenter.
In 1803 the U.S. Army erected Fort Dearborn on the south bank of the Chicago River, near where the Michigan Avenue Bridge is today. The expansion of rail transportation during 1800’s gave way to Chicago becoming the nation’s railway hub. In 1884 the world’s first skyscraper, the Home Insurance Building, was built here, supported by a structural steel frame. Today The Loop is home to scores of skyscrapers, most notably, the Willis Tower, once the tallest building in the world.
-The Loop got its name from the looping cable car system constructed in the late 1800’s. That system evolved into the ‘L’ (short for elevated train) you see today.
-The Willis Tower is still the Sears Tower to most Chicagoans, and it will always be the tallest building in their hearts.
-The designation of ‘The Loop’ is often used ambiguously, and can refer to this central district or the whole downtown area.
During the day there’s a mix of tourists and businesspeople on crowded streets. Many are making their way to the Chicago Board of Trade or the government buildings. As the central business district, the skyscrapers have few offerings for prospective renters. The New East Side of The Loop offers beautiful high-rise apartments and it’s all within a short walk of public transit. While walking you might find yourself looking at some of the bountiful outdoor sculptures. Works by Pablo Picasso, Marc Chagall, and Magdalena Abakanowicz will stop you in your tracks, so plan your commute accordingly.
During the day there’s a mix of tourists and businesspeople on crowded streets. Many are making their way to the Chicago Board of Trade or the government buildings. As the central business district, the skyscrapers have few offerings for prospective renters. The New East Side of The Loop offers beautiful high-rise apartments and it’s all within a short walk of public transit. While walking you might find yourself looking at some of the bountiful outdoor sculptures. Works by Pablo Picasso, Marc Chagall, and Magdalena Abakanowicz will stop you in your tracks, so plan your commute accordingly.
| Bedrooms | Rent | Rent / sqft |
|---|---|---|
| Studio | $1,979 | $42 |
| 1 BR | $2,195 | $34 |
| 2 BR | $3,590 | $40 |
| 3 BR | $6,000 | $37 |
We make sure to refresh our rental listings every hour in order to provide you with the newest and most up-to-date inventory available on the market.
The Loop is located within Cook County, Illinois. This area currently has 5,227,575 residents in 1,951,606 households. Out of the total population, 30.47% of the residents speak another language at home instead of English. The majority of the inhabitants in this county are currently unmarried and have a median age of 36.
When looking at residents older than 25, around 23.68% have graduated from high school, 21.88% have a bachelor's degree, and 14.59% have obtained their master's degree or above. Employment rate is typically around 59.7% and the median income in this county is $56,902.
At least 43.37% of those living in this county are renting their homes. Most residents will commute to work by car with an average commute time of 33 minutes.
Geographically, Cook County, Illinois is a part of the Chicago, IL - IN Urban Area. This county is currently home to 8,672,319 residents, or 3,153,810 households with a median income of $63,064. Residents in the Chicago, IL - IN Urban Area have a median age of 37 and 36.73% are currently renting their homes in the area.
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