Average Rent in South Loop, Chicago, IL

Home » IL » Chicago » South Loop

Current Versus Historical South Loop, Chicago, IL Rents

South Loop rentals average $1,765 for a studio rental to $5,500 for a 4-bedroom rental. The median price of all currently available listings is $2,761, or roughly $33 per square feet.

For the apartment units and housing in September 2026, median rents have fallen substantially over the last year. Studio rentals prices have decreased by $838 (-31.78%) year-over-year from $2,638 to $1,800. 1-bedroom rentals prices have decreased by $459 (-16.65%) year-over-year from $2,759 to $2,300. 2-bedroom rentals prices have decreased by $8 (-0.26%) year-over-year from $3,208 to $3,200. 3-bedroom rentals prices have decreased by $153 (-2.81%) year-over-year from $5,453 to $5,300. 4-bedroom rentals prices have increased by $5,136 (54.84%) year-over-year from $9,364 to $14,500. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 1.69% this month. 1-bedroom rents have gone down by 2.47% this month. 2-bedroom rents have gone up by 2.13% this month. 3-bedroom rents have gone up by 10.80% this month. 4-bedroom rents have gone up by 71.94% this month.

Beds	Price / Sqft	Sep 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$38.18	$1,800	$2,638 (-31.78%)	$1,752 (2.72%)
1 BR	$33.88	$2,300	$2,759 (-16.65%)	$2,069 (11.19%)
2 BR	$32.35	$3,200	$3,208 (-0.26%)	$2,865 (11.69%)
3 BR	$30.00	$5,300	$5,453 (-2.81%)	$4,137 (28.11%)
4+ BR	$24.44	$14,500	$9,364 (54.84%)	$10,125 (43.21%)

Historical Rents in South Loop, Chicago, IL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near South Loop

There are a total of 12 cities nearby South Loop. The average rent in South Loop is currently $2,400 per month. A total of 11 cities nearby have an average rent lower than that. Our records show that Berwyn, IL, with an average rent of $1,313, is the most affordable city nearby. In contrast, the most expensive city near South Loop, Chicago, IL is Naperville, IL. Monthly rents here are on average $2,900 per month.

Let's compare South Loop, Chicago, IL's rent against other top cities nearby by bedroom size. Typically, rent for studios in South Loop, Chicago, IL is 32.01% more expensive than other cities nearby. One bedrooms are about 22.26% more expensive. Two bedrooms in South Loop, Chicago, IL are about 28.13% more expensive. Finally, rent for three bedrooms are about 42.23% more expensive. Want more information? Check out the top 10 cities out of 12 total cities near South Loop, Chicago, IL in the following table.

City	Studio	1 Bed	2 Bed	All
Berwyn, IL	$1,045	$1,150	$1,750	$1,313
Palatine, IL	N/A	$1,500	$1,900	$1,950
Wheaton, IL	$1,300	$1,934	$2,349	$2,275
Chicago, IL	$1,500	$2,150	$2,450	$2,300
Oak Park, IL	$1,200	$1,750	$2,200	$2,300
Arlington Heights, IL	$1,250	$1,798	$2,250	$2,400
Schaumburg, IL	N/A	$2,381	$2,250	$2,400
Evanston, IL	$2,145	$2,245	$2,395	$2,535
Skokie, IL	N/A	$2,075	$2,350	$2,600
Naperville, IL	$1,325	$1,763	$2,350	$2,900

Top Neighborhoods Near South Loop

There are a total of 22 neighborhoods in or near South Loop. Some of these neighborhoods include South Shore, Rogers Park, and Pilsen. We've included all of these top 22 neighborhoods in or near South Loop, Chicago, IL in the following table.

The average rent for these 22 neighborhoods in or near South Loop, Chicago, IL is currently around $2,188 per month. A total of 16 neighborhoods have a lower average rent. Meaning, only six neighborhoods have a higher average rent than $2,188. Interestingly, the neighborhoods' average rent is less than South Loop's average rent, which is actually $2,761. Out of all the neighborhoods in or near South Loop, South Shore has the most affordable average rent at $1,600 per month. Whereas, at $3,600 average rent per month, DePaul is the most expensive neighborhood in or near South Loop. View the following table for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
South Shore, Chicago, IL	$1,200	$1,250	$1,500	$1,600
Rogers Park, Chicago, IL	$1,200	$1,495	$1,923	$1,700
Pilsen, Chicago, IL	$1,300	$1,700	$1,938	$1,868
Edgewater, Chicago, IL	$1,412	$1,759	$2,575	$1,913
Lawndale, Chicago, IL	$1,600	$1,450	$1,750	$1,950
Woodlawn, Chicago, IL	N/A	$1,565	$1,975	$1,975
Uptown, Chicago, IL	$1,300	$1,775	$2,900	$1,995
Albany Park, Chicago, IL	$1,275	$1,690	$2,017	$2,000
Humboldt Park, Chicago, IL	$1,600	$1,875	$2,000	$2,000
West Rogers Park, Chicago, IL	$1,100	$1,500	$1,895	$2,045
Ravenswood, Chicago, IL	$1,450	$1,950	$2,595	$2,175
Jefferson Park, Chicago, IL	$1,295	$1,748	$2,075	$2,200
Logan Square, Chicago, IL	$1,450	$2,050	$2,510	$2,395
Lakeview, Chicago, IL	$1,535	$2,195	$3,250	$2,400
Bronzeville, Chicago, IL	$1,173	$1,600	$2,350	$2,500
Lincoln Park, Chicago, IL	$1,750	$2,550	$3,750	$2,700
Near North Side, Chicago, IL	$1,950	$2,650	$4,000	$3,000
The Loop, Chicago, IL	$1,925	$2,575	$3,650	$3,050
West Town, Chicago, IL	N/A	$2,225	$3,247	$3,273
Near West Side, Chicago, IL	N/A	$2,800	$3,650	$3,298
Bucktown, Chicago, IL	$2,230	$2,276	$3,750	$3,590
DePaul, Chicago, IL	$1,975	$2,535	$3,600	$3,600

Top Counties Near South Loop

There are a total of 30 counties located by South Loop, Chicago, IL. Some of these counties include Berwyn, IL, Worth, IL, and Proviso, IL. The average rent for rentals in these counties is $2,413. That's roughly around $24 per sqft. A total of 23 counties have a lower average rent. The county that is the most affordable is Berwyn, IL. Its average rent per month is $1,313. Vice versa, with an average rent of $3,495, New Trier, IL is the most expensive county by South Loop, Chicago, IL.

Typically, rent for studios in South Loop, Chicago, IL is 32.01% more expensive than other counties nearby. In comparison, rent for one bedroom listings in South Loop, Chicago, IL is 28.96% more expensive than other counties nearby. Finally, rent for two bedrooms in South Loop, Chicago, IL is 30.86% more expensive than other counties nearby. We've listed the top 10 counties in the table below.

County	Studio	1 Bed	2 Bed	All
Berwyn, IL	$1,045	$1,150	$1,750	$1,313
Worth, IL	$1,350	$1,400	$1,698	$1,750
Proviso, IL	$1,195	$1,400	$1,925	$1,898
Lyons, IL	N/A	$1,425	$1,775	$1,950
Leyden, IL	$1,200	$1,395	$2,000	$2,000
Chicago, IL	$1,500	$2,150	$2,450	$2,300
Oak Park, IL	$1,200	$1,750	$2,200	$2,300
Maine, IL	N/A	$1,500	$2,300	$2,500
Evanston, IL	$2,145	$2,245	$2,395	$2,535
Niles, IL	N/A	$2,500	$2,650	$2,995

Top Zipcodes Near South Loop

There are a total of 38 zipcodes in or near South Loop, Chicago, IL. The average rent for all of these zipcodes is $2,161. A total of 31 zipcodes have an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 60402, Berwyn, IL at $1,350 per month. In comparison, the zipcode with the most expensive average rent of $3,300 per month is 60607, Chicago, IL.

Studios in these zipcodes have an average rent of $1,400. That's at least $32 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near South Loop, Chicago, IL is $1,650 per month. Or in other words, $29 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,189 per month. Which comes out to $26 per sqft. The following table includes the top 10 zipcodes in South Loop, Chicago, IL. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
60605, Chicago, IL	$1,850	$2,400	$3,400	$2,700
60616, Chicago, IL	$1,275	$2,200	$2,750	$2,500
60607, Chicago, IL	$1,488	$2,750	$3,600	$3,300
60654, Chicago, IL	$2,100	$2,700	$4,119	$2,995
60611, Chicago, IL	$2,100	$2,600	$4,200	$3,200
60608, Chicago, IL	$1,398	$1,598	$1,975	$2,050
60610, Chicago, IL	$1,695	$2,600	$3,800	$2,931
60612, Chicago, IL	$1,463	$1,900	$2,500	$2,575
60642, Chicago, IL	$1,850	$2,267	$2,723	$2,706
60622, Chicago, IL	$1,735	$2,150	$2,800	$2,948

Frequently Asked Questions - South Loop Average Rents

What is the average rent price in South Loop, Chicago, IL?

The average monthly rental price for South Loop, Chicago, IL apartments for rent is approximately $2,761. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do South Loop, Chicago, IL rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in South Loop, Chicago, IL.

How much is a studio apartment in South Loop, Chicago, IL?

The average monthly rental price for studio apartments is $1,765 and an average price per square feet of $38.18. There are a total of 8 studio apartment listings currently available for rent in South Loop.

How much is a one bedroom apartment in South Loop, Chicago, IL?

The average monthly rental price for one bedroom apartments is $2,400 and an average price per square feet of $33.88. There are a total of 67 one bedroom apartment listings currently available for rent in South Loop.

How much is a two bedroom apartment in South Loop, Chicago, IL?

The average monthly rental price for two bedroom apartments is $3,200 and an average price per square feet of $32.35. There are a total of 87 two bedroom apartment listings currently available for rent in South Loop.

How have rent prices in South Loop, Chicago, IL changed this year?

Rent prices for rentals in South Loop, Chicago, IL can fluctuate yearly. Specifically, studio rental prices have changed by -0.32%, one bedroom rental prices have changed by -0.17%, two bedroom rental prices have changed by 0.00%, three bedroom rental prices have changed by -0.03% year-over-year.

What is a reasonable rent price in South Loop, Chicago, IL?

A reasonable rent price in South Loop, Chicago, IL is around $2,208/month. You can search for these reasonably priced rental listings on RentHop.