Average Rent in The Loop, Chicago, IL

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Current Versus Historical The Loop, Chicago, IL Rents

The Loop rentals average $2,399 for a studio rental to $32,000 for a 4-bedroom rental. The median price of all currently available listings is $2,850, or roughly $46 per square feet.

For the apartment units and housing in October 2026, median rents have risen substantially over the last year. Studio rentals prices have increased by $284 (13.39%) year-over-year from $2,117 to $2,400. 1-bedroom rentals prices have increased by $288 (11.06%) year-over-year from $2,602 to $2,890. 2-bedroom rentals prices have increased by $710 (21.21%) year-over-year from $3,349 to $4,060. 3-bedroom rentals prices have decreased by $113 (-1.62%) year-over-year from $6,951 to $6,839. 4-bedroom rentals prices have increased by $3,248 (11.30%) year-over-year from $28,752 to $32,000. 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 13.65% this month. 1-bedroom rents have gone up by 10.24% this month. 2-bedroom rents have gone up by 15.33% this month. 3-bedroom rents have gone up by 19.36% this month. 4-bedroom rents have gone up by 38.73% this month.

Beds	Price / Sqft	Oct 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$48.55	$2,400	$2,117 (13.39%)	$1,614 (48.73%)
1 BR	$45.79	$2,890	$2,602 (11.06%)	$2,205 (31.07%)
2 BR	$42.48	$4,060	$3,349 (21.21%)	$2,918 (39.14%)
3 BR	$40.31	$6,839	$6,951 (-1.62%)	$5,522 (23.85%)
4+ BR	$69.86	$32,000	$28,752 (11.30%)	$4,883 (555.29%)

Historical Rents in The Loop, Chicago, IL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near The Loop

There are a total of 12 cities nearby The Loop. The average rent in The Loop is currently $2,425 per month. A total of 11 cities nearby have an average rent lower than that. Our records show that Oak Park, IL, with an average rent of $2,119, is the most affordable city nearby. In contrast, the most expensive city near The Loop, Chicago, IL is Naperville, IL. Monthly rents here are on average $2,950 per month.

Let's compare The Loop, Chicago, IL's rent against other top cities nearby by bedroom size. Typically, rent for studios in The Loop, Chicago, IL is 44.77% more expensive than other cities nearby. One bedrooms are about 34.50% more expensive. Two bedrooms in The Loop, Chicago, IL are about 45.68% more expensive. Finally, rent for three bedrooms are about 56.13% more expensive. Want more information? Check out the top 10 cities out of 12 total cities near The Loop, Chicago, IL in the following table.

City	Studio	1 Bed	2 Bed	All
Oak Park, IL	$1,929	$2,369	$2,150	$2,119
Palatine, IL	$1,300	$1,538	$2,150	$2,300
Skokie, IL	$1,150	$1,925	$2,200	$2,350
Wheaton, IL	$1,425	$1,850	$2,509	$2,400
Schaumburg, IL	N/A	$2,202	$2,363	$2,400
Evanston, IL	$1,915	$1,795	$2,300	$2,495
Vernon Hills, IL	$2,074	$2,234	$2,100	$2,500
Chicago, IL	$2,130	$2,575	$3,000	$2,579
Arlington Heights, IL	$1,200	$2,000	$2,200	$2,600
Naperville, IL	N/A	$1,625	$2,350	$2,950

Top Neighborhoods Near The Loop

There are a total of 30 neighborhoods in or near The Loop. Some of these neighborhoods include Englewood, South Shore, and Edgewater. We've included all of these top 30 neighborhoods in or near The Loop, Chicago, IL in the following table.

The average rent for these 30 neighborhoods in or near The Loop, Chicago, IL is currently around $2,384 per month. A total of 22 neighborhoods have a lower average rent. Meaning, only eight neighborhoods have a higher average rent than $2,384. Interestingly, the neighborhoods' average rent is less than The Loop's average rent, which is actually $2,850. Out of all the neighborhoods in or near The Loop, Englewood has the most affordable average rent at $1,305 per month. Whereas, at $3,974 average rent per month, DePaul is the most expensive neighborhood in or near The Loop. View the following table for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Englewood, Chicago, IL	$1,100	$1,250	$1,250	$1,305
South Shore, Chicago, IL	$995	$1,150	$1,450	$1,500
Edgewater, Chicago, IL	$1,364	$1,600	$2,489	$1,653
Rogers Park, Chicago, IL	$1,341	$1,450	$2,000	$1,784
Portage Park, Chicago, IL	$1,300	$1,450	$1,750	$1,800
Hyde Park, Chicago, IL	$1,095	$1,495	$2,350	$1,900
West Rogers Park, Chicago, IL	$1,338	$1,495	$1,903	$1,900
Woodlawn, Chicago, IL	N/A	$1,565	$1,850	$1,900
Lawndale, Chicago, IL	$1,550	$1,400	$1,650	$1,925
Albany Park, Chicago, IL	$1,275	$1,513	$2,000	$1,985
Uptown, Chicago, IL	$1,400	$1,975	$2,500	$1,997
Pilsen, Chicago, IL	$1,998	$1,498	$2,000	$2,050
Jefferson Park, Chicago, IL	$1,300	$1,550	$2,238	$2,200
Ravenswood, Chicago, IL	$1,550	$1,950	$2,650	$2,250
Humboldt Park, Chicago, IL	$1,500	$1,800	$2,038	$2,368
Logan Square, Chicago, IL	$1,695	$2,195	$2,495	$2,400
University Village - Little Italy, Chicago, IL	$2,004	$2,341	$3,036	$2,445
Lakeview, Chicago, IL	$1,520	$2,320	$3,100	$2,495
Bronzeville, Chicago, IL	$995	$1,650	$2,355	$2,625
Tri-Taylor, Chicago, IL	$2,205	$2,511	$3,044	$2,673
Bucktown, Chicago, IL	$2,191	$2,607	$3,625	$2,689
Lincoln Park, Chicago, IL	$1,863	$2,737	$4,072	$2,731
South Loop, Chicago, IL	$2,274	$2,659	$3,500	$2,857
Wicker Park, Chicago, IL	$2,400	$2,880	$3,200	$2,908
Near West Side, Chicago, IL	$2,332	$2,865	$3,826	$2,916
Near North Side, Chicago, IL	$2,380	$2,860	$4,143	$3,025
Goose Island, Chicago, IL	$2,075	$3,052	$4,545	$3,040
West Loop, Chicago, IL	$2,361	$2,988	$4,042	$3,072
West Town, Chicago, IL	$2,517	$2,979	$4,150	$3,180
DePaul, Chicago, IL	$2,195	$2,650	$3,875	$3,974

Top Counties Near The Loop

There are a total of 29 counties located by The Loop, Chicago, IL. Some of these counties include Worth, IL, Leyden, IL, and Proviso, IL. The average rent for rentals in these counties is $2,400. That's roughly around $24 per sqft. A total of 24 counties have a lower average rent. The county that is the most affordable is Worth, IL. Its average rent per month is $1,800. Vice versa, with an average rent of $3,700, New Trier, IL is the most expensive county by The Loop, Chicago, IL.

Typically, rent for studios in The Loop, Chicago, IL is 51.02% more expensive than other counties nearby. In comparison, rent for one bedroom listings in The Loop, Chicago, IL is 42.74% more expensive than other counties nearby. Finally, rent for two bedrooms in The Loop, Chicago, IL is 46.91% more expensive than other counties nearby. We've listed the top 10 counties in the table below.

County	Studio	1 Bed	2 Bed	All
Worth, IL	$1,350	$1,455	$1,663	$1,800
Leyden, IL	N/A	$1,500	$1,848	$1,898
Proviso, IL	$1,223	$1,425	$1,800	$1,950
Oak Park, IL	$1,929	$2,369	$2,150	$2,119
Lyons, IL	$1,650	$1,550	$1,800	$2,350
Evanston, IL	$1,915	$1,795	$2,300	$2,495
Chicago, IL	$2,130	$2,575	$3,000	$2,579
Maine, IL	N/A	$1,650	$2,100	$2,600
Niles, IL	$1,150	$2,113	$2,250	$2,613
New Trier, IL	$1,595	$1,873	$3,475	$3,700

Top Zipcodes Near The Loop

There are a total of 38 zipcodes in or near The Loop, Chicago, IL. The average rent for all of these zipcodes is $2,374. 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 60649, Chicago, IL at $1,500 per month. In comparison, the zipcode with the most expensive average rent of $3,149 per month is 60611, Chicago, IL.

Studios in these zipcodes have an average rent of $1,507. That's at least $40 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near The Loop, Chicago, IL is $1,835 per month. Or in other words, $34 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,323 per month. Which comes out to $27 per sqft. The following table includes the top 10 zipcodes in The Loop, Chicago, IL. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
60601, Chicago, IL	$2,348	$2,898	$4,189	$2,880
60661, Chicago, IL	$2,261	$2,806	$3,805	$2,928
60654, Chicago, IL	$2,418	$2,950	$4,159	$3,140
60611, Chicago, IL	$2,375	$2,834	$4,120	$3,149
60605, Chicago, IL	$2,295	$2,745	$3,699	$2,866
60607, Chicago, IL	$2,416	$2,892	$3,927	$2,990
60610, Chicago, IL	$2,250	$2,728	$4,045	$2,824
60642, Chicago, IL	$2,196	$2,878	$3,600	$3,058
60616, Chicago, IL	$1,744	$2,430	$3,025	$2,639
60612, Chicago, IL	$2,190	$2,435	$2,850	$2,642

Frequently Asked Questions - The Loop Average Rents

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

The average monthly rental price for The Loop, Chicago, IL apartments for rent is approximately $2,850. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do The 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 The Loop, Chicago, IL.

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

The average monthly rental price for studio apartments is $2,399 and an average price per square feet of $48.55. There are a total of 187 studio apartment listings currently available for rent in The Loop.

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

The average monthly rental price for one bedroom apartments is $2,882 and an average price per square feet of $45.79. There are a total of 300 one bedroom apartment listings currently available for rent in The Loop.

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

The average monthly rental price for two bedroom apartments is $4,050 and an average price per square feet of $42.48. There are a total of 151 two bedroom apartment listings currently available for rent in The Loop.

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

Rent prices for rentals in The Loop, Chicago, IL can fluctuate yearly. Specifically, studio rental prices have changed by 0.13%, one bedroom rental prices have changed by 0.11%, two bedroom rental prices have changed by 0.21%, three bedroom rental prices have changed by -0.02% year-over-year.

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

A reasonable rent price in The Loop, Chicago, IL is around $2,280/month. You can search for these reasonably priced rental listings on RentHop.