Average Rent in South Loop, Chicago, IL

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Current Versus Historical South Loop, Chicago, IL Rents

South Loop rentals average $1,721 for a studio rental to $5,300 for a 4-bedroom rental. The median price of all currently available listings is $2,800, or roughly $33 per square feet.
For the apartment units and housing in July 2026, median rents have fallen over the last year. Studio rentals prices have decreased by $924 (-35.74%) year-over-year from $2,585 to $1,661. 1-bedroom rentals prices have decreased by $266 (-9.98%) year-over-year from $2,666 to $2,400. 2-bedroom rentals prices have decreased by $75 (-2.33%) year-over-year from $3,225 to $3,150. 3-bedroom rentals prices have decreased by $543 (-10.71%) year-over-year from $5,068 to $4,525. 4-bedroom rentals prices have decreased by $2,200 (-29.34%) year-over-year from $7,500 to $5,300. 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 down by 2.71% this month. 1-bedroom rents have gone up by 2.86% this month. 2-bedroom rents have gone down by 0.52% this month. 3-bedroom rents have gone up by 1.91% this month. 4-bedroom rents have gone down by 41.86% this month.
Beds
Price / Sqft
Jul 2026 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $44.00 $1,661 $2,585 (-35.74%) $1,717 (-3.28%)
1 BR $34.33 $2,400 $2,666 (-9.98%) $2,110 (13.74%)
2 BR $32.73 $3,150 $3,225 (-2.33%) $2,946 (6.92%)
3 BR $26.20 $4,525 $5,068 (-10.71%) $4,371 (3.52%)
4+ BR $28.27 $5,300 $7,500 (-29.34%) $10,479 (-49.42%)

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 14 cities nearby South Loop. The average rent in South Loop is currently $2,375 per month. A total of 13 cities nearby have an average rent lower than that. Our records show that Berwyn, IL, with an average rent of $1,250, is the most affordable city nearby. In contrast, the most expensive city near South Loop, Chicago, IL is Plainfield, IL. Monthly rents here are on average $3,250 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 29.53% more expensive than other cities nearby. One bedrooms are about 24.81% more expensive. Two bedrooms in South Loop, Chicago, IL are about 26.42% more expensive. Finally, rent for three bedrooms are about 35.99% more expensive. Want more information? Check out the top 10 cities out of 14 total cities near South Loop, Chicago, IL in the following table.
City Studio 1 Bed 2 Bed All
Berwyn, IL $1,023 $1,200 $1,750 $1,250
Cicero, IL $895 $1,093 $1,675 $1,295
Palatine, IL N/A $1,538 $1,975 $1,995
Wheaton, IL $1,650 $2,126 $2,349 $2,255
Chicago, IL $1,560 $2,150 $2,495 $2,300
Oak Park, IL $1,300 $1,750 $2,550 $2,350
Schaumburg, IL N/A $2,165 $2,295 $2,350
Skokie, IL N/A $1,650 $2,400 $2,500
Evanston, IL $2,088 $2,200 $2,425 $2,550
Naperville, IL $1,325 $1,799 $2,300 $2,600

Top Neighborhoods Near South Loop

There are a total of 29 neighborhoods in or near South Loop. Some of these neighborhoods include Englewood, Rogers Park, and South Shore. We've included all of these top 29 neighborhoods in or near South Loop, Chicago, IL in the following table.

The average rent for these 29 neighborhoods in or near South Loop, Chicago, IL is currently around $2,300 per month. A total of 23 neighborhoods have a lower average rent. Meaning, only six neighborhoods have a higher average rent than $2,300. Interestingly, the neighborhoods' average rent is less than South Loop's average rent, which is actually $2,800. Out of all the neighborhoods in or near South Loop, Englewood has the most affordable average rent at $1,450 per month. Whereas, at $3,550 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
Englewood, Chicago, IL $1,100 $1,250 $1,400 $1,450
Rogers Park, Chicago, IL $1,195 $1,450 $1,850 $1,650
South Shore, Chicago, IL $975 $1,175 $1,550 $1,675
Lawndale, Chicago, IL N/A $1,723 $1,750 $1,800
Austin, Chicago, IL $1,200 $1,025 $1,800 $1,800
Edgewater, Chicago, IL $1,425 $1,795 $2,500 $1,850
Albany Park, Chicago, IL $1,463 $1,473 $1,963 $1,900
Uptown, Chicago, IL $1,295 $1,775 $2,800 $1,900
Bridgeport, Chicago, IL N/A $1,638 $2,125 $1,975
Ravenswood, Chicago, IL $1,450 $1,925 $2,700 $1,975
Pilsen, Chicago, IL $1,988 $1,600 $1,973 $1,995
West Rogers Park, Chicago, IL $1,350 $1,563 $1,900 $1,995
Jefferson Park, Chicago, IL $1,450 $1,495 $2,100 $2,100
Far East, Aurora, IL N/A $1,905 $2,200 $2,202
Hyde Park, Chicago, IL $1,295 $1,700 $2,090 $2,300
Logan Square, Chicago, IL $1,595 $2,095 $2,500 $2,395
Humboldt Park, Chicago, IL $1,675 $1,975 $1,938 $2,395
Lakeview, Chicago, IL $1,570 $2,195 $3,200 $2,395
Bronzeville, Chicago, IL $1,200 $1,673 $2,365 $2,395
University Village - Little Italy, Chicago, IL $850 $2,100 $2,700 $2,600
Lincoln Park, Chicago, IL $1,750 $2,695 $3,800 $2,723
Roscoe Village, Chicago, IL N/A $2,177 $2,800 $2,800
Near North Side, Chicago, IL $1,950 $2,575 $3,900 $2,800
The Loop, Chicago, IL $2,138 $2,500 $3,725 $2,934
Wicker Park, Chicago, IL $2,450 $2,698 $2,800 $3,100
Near West Side, Chicago, IL N/A $2,800 $3,700 $3,100
West Town, Chicago, IL $2,200 $2,267 $2,995 $3,200
Bucktown, Chicago, IL $2,363 $2,695 $3,535 $3,495
DePaul, Chicago, IL $1,778 $2,595 $3,500 $3,550

Top Counties Near South Loop

There are a total of 28 counties located by South Loop, Chicago, IL. Some of these counties include Berwyn, IL, Cicero, IL, and Worth, IL. The average rent for rentals in these counties is $2,400. That's roughly around $24 per sqft. A total of 22 counties have a lower average rent. The county that is the most affordable is Berwyn, IL. Its average rent per month is $1,250. Vice versa, with an average rent of $3,400, New Trier, IL is the most expensive county by South Loop, Chicago, IL.

Typically, rent for studios in South Loop, Chicago, IL is 32.58% more expensive than other counties nearby. In comparison, rent for one bedroom listings in South Loop, Chicago, IL is 32.29% more expensive than other counties nearby. Finally, rent for two bedrooms in South Loop, Chicago, IL is 30.36% 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 $1,023 $1,200 $1,750 $1,250
Cicero, IL $895 $1,093 $1,675 $1,295
Worth, IL $1,575 $1,385 $1,650 $1,750
Leyden, IL $1,418 $1,450 $2,150 $2,000
Proviso, IL $1,160 $1,400 $1,825 $2,025
Lyons, IL N/A $1,425 $1,750 $2,200
Chicago, IL $1,560 $2,150 $2,495 $2,300
Oak Park, IL $1,300 $1,750 $2,550 $2,350
Evanston, IL $2,088 $2,200 $2,425 $2,550
Niles, IL N/A $1,675 $2,500 $3,000

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 $2,297. A total of 30 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 $1,250 per month. In comparison, the zipcode with the most expensive average rent of $3,250 per month is 60642, Chicago, IL.

Studios in these zipcodes have an average rent of $1,450. That's at least $39 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 $1,812 per month. Or in other words, $31 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,415 per month. Which comes out to $27 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 $1,721 $2,400 $3,200 $2,800
60616, Chicago, IL $1,250 $2,275 $2,600 $2,450
60607, Chicago, IL $850 $2,800 $3,600 $3,000
60601, Chicago, IL $2,138 $2,600 $4,200 $3,000
60654, Chicago, IL $2,000 $2,700 $3,975 $2,917
60611, Chicago, IL $2,000 $2,500 $4,000 $2,805
60608, Chicago, IL $1,988 $1,698 $1,998 $2,100
60653, Chicago, IL $1,200 $1,695 $2,435 $2,400
60610, Chicago, IL $1,695 $2,500 $3,725 $2,695
60612, Chicago, IL $1,625 $2,098 $2,450 $2,500

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 $2,800. 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 $1,721 and an average price per square feet of $44.00. There are a total of 6 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 $34.33. There are a total of 72 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 $3,159 and an average price per square feet of $32.73. There are a total of 80 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 -0.36%, one bedroom rental prices have changed by -0.10%, two bedroom rental prices have changed by -0.02%, three bedroom rental prices have changed by -0.11% 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 $2,240/month. You can search for these reasonably priced rental listings on RentHop.
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