Average Rent in The Loop, Chicago, IL

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Current Versus Historical The Loop, Chicago, IL Rents

The Loop rentals average $2,000 for a studio rental to $32,000 for a 4-bedroom rental. The median price of all currently available listings is $3,000, or roughly $38 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 $176 (-8.10%) year-over-year from $2,176 to $2,000. 1-bedroom rentals prices have decreased by $415 (-14.73%) year-over-year from $2,815 to $2,400. 2-bedroom rentals prices have increased by $276 (7.94%) year-over-year from $3,474 to $3,750. 3-bedroom rentals prices have decreased by $940 (-14.77%) year-over-year from $6,362 to $5,423. 4-bedroom rentals prices have increased by $10,814 (51.05%) year-over-year from $21,186 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 down by 0.00% this month. 1-bedroom rents have gone down by 1.87% this month. 2-bedroom rents have gone up by 4.33% this month. 3-bedroom rents have gone down by 5.54% this month. 4-bedroom rents have gone up by 126.42% this month.

Beds	Price / Sqft	Sep 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$40.32	$2,000	$2,176 (-8.10%)	$1,687 (18.57%)
1 BR	$40.47	$2,400	$2,815 (-14.73%)	$2,230 (7.62%)
2 BR	$35.43	$3,750	$3,474 (7.94%)	$2,950 (27.11%)
3 BR	$32.36	$5,423	$6,362 (-14.77%)	$5,136 (5.57%)
4+ BR	$69.86	$32,000	$21,186 (51.05%)	$9,417 (239.82%)

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 $2,450 per month. A total of 12 cities nearby have an average rent lower than that. Our records show that Berwyn, IL, with an average rent of $1,338, 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 $2,850 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 73.88% more expensive than other cities nearby. One bedrooms are about 25.02% more expensive. Two bedrooms in The Loop, Chicago, IL are about 34.29% more expensive. Finally, rent for three bedrooms are about 56.49% 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
Berwyn, IL	$1,045	$1,150	$1,775	$1,338
Palatine, IL	N/A	$1,500	$1,900	$1,900
Wheaton, IL	$1,300	$1,899	$2,349	$2,200
Chicago, IL	$1,503	$2,115	$2,400	$2,300
Oak Park, IL	$1,200	$1,750	$2,300	$2,300
Schaumburg, IL	N/A	$2,332	$2,250	$2,400
Evanston, IL	$2,413	$2,295	$2,300	$2,500
Arlington Heights, IL	$1,250	$1,850	$2,250	$2,500
Skokie, IL	N/A	$2,500	$2,273	$2,600
Naperville, IL	N/A	$1,673	$2,300	$2,850

Top Neighborhoods Near The Loop

There are a total of 25 neighborhoods in or near The Loop. Some of these neighborhoods include Englewood, South Shore, and Austin. We've included all of these top 25 neighborhoods in or near The Loop, Chicago, IL in the following table.

The average rent for these 25 neighborhoods in or near The Loop, Chicago, IL is currently around $2,165 per month. A total of 21 neighborhoods have a lower average rent. Meaning, only four neighborhoods have a higher average rent than $2,165. Interestingly, the neighborhoods' average rent is less than The Loop's average rent, which is actually $3,000. Out of all the neighborhoods in or near The Loop, Englewood has the most affordable average rent at $1,400 per month. Whereas, at $3,999 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	$1,400	$1,400
South Shore, Chicago, IL	$1,200	$1,150	$1,500	$1,550
Austin, Chicago, IL	$875	$699	$1,750	$1,600
Rogers Park, Chicago, IL	$1,195	$1,450	$1,900	$1,650
Woodlawn, Chicago, IL	N/A	$1,565	$1,800	$1,900
Lawndale, Chicago, IL	$1,600	$1,450	$1,750	$1,925
Edgewater, Chicago, IL	$1,400	$1,700	$2,675	$1,945
Portage Park, Chicago, IL	$1,300	$1,650	$1,700	$1,950
Uptown, Chicago, IL	$1,295	$1,775	$2,750	$1,953
Pilsen, Chicago, IL	$1,425	$1,800	$1,900	$1,975
West Rogers Park, Chicago, IL	$1,350	$1,500	$1,895	$2,000
Albany Park, Chicago, IL	$1,275	$1,670	$2,000	$2,000
Humboldt Park, Chicago, IL	$1,500	$1,875	$2,025	$2,165
Ravenswood, Chicago, IL	$1,480	$1,950	$2,595	$2,195
Jefferson Park, Chicago, IL	$1,300	$1,748	$2,038	$2,200
Logan Square, Chicago, IL	$1,450	$2,068	$2,550	$2,300
Lakeview, Chicago, IL	$1,525	$2,150	$3,150	$2,398
Bronzeville, Chicago, IL	$1,173	$1,600	$2,375	$2,500
Lincoln Park, Chicago, IL	$1,723	$2,500	$3,654	$2,650
South Loop, Chicago, IL	$1,765	$2,350	$3,288	$2,800
Near North Side, Chicago, IL	$1,900	$2,600	$4,000	$2,975
West Town, Chicago, IL	N/A	$2,267	$2,973	$3,173
Near West Side, Chicago, IL	N/A	$2,800	$3,699	$3,295
Bucktown, Chicago, IL	$2,230	$2,314	$3,700	$3,528
DePaul, Chicago, IL	$1,975	$2,550	$3,600	$3,999

Top Counties Near The Loop

There are a total of 29 counties located by The Loop, Chicago, IL. Some of these counties include Berwyn, IL, Worth, IL, and Proviso, IL. The average rent for rentals in these counties is $2,400. That's roughly around $24 per sqft. A total of 28 counties have a lower average rent. The county that is the most affordable is Berwyn, IL. Its average rent per month is $1,338. Vice versa, with an average rent of $3,498, New Trier, IL is the most expensive county by The Loop, Chicago, IL.

Typically, rent for studios in The Loop, Chicago, IL is 44.00% more expensive than other counties nearby. In comparison, rent for one bedroom listings in The Loop, Chicago, IL is 34.00% more expensive than other counties nearby. Finally, rent for two bedrooms in The Loop, Chicago, IL is 37.14% 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	$1,775	$1,338
Worth, IL	$1,400	$1,400	$1,695	$1,750
Proviso, IL	$1,195	$1,400	$1,895	$1,873
Leyden, IL	$1,200	$1,425	$2,050	$2,000
Chicago, IL	$1,503	$2,115	$2,400	$2,300
Oak Park, IL	$1,200	$1,750	$2,300	$2,300
Evanston, IL	$2,413	$2,295	$2,300	$2,500
Maine, IL	N/A	$1,500	$2,400	$2,500
Niles, IL	N/A	$2,500	$2,400	$2,995
New Trier, IL	$1,570	$1,873	$2,550	$3,498

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 $2,238. A total of 34 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 $1,375 per month. In comparison, the zipcode with the most expensive average rent of $3,250 per month is 60611, 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 The Loop, Chicago, IL is $1,761 per month. Or in other words, $27 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,219 per month. Which comes out to $26 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
60654, Chicago, IL	$1,925	$2,650	$4,250	$2,904
60611, Chicago, IL	$2,100	$2,600	$4,300	$3,250
60605, Chicago, IL	$1,875	$2,400	$3,300	$2,786
60607, Chicago, IL	$1,488	$2,800	$3,500	$3,175
60610, Chicago, IL	$1,695	$2,600	$3,875	$2,900
60642, Chicago, IL	$3,000	$2,267	$2,800	$3,025
60616, Chicago, IL	$1,275	$2,298	$2,750	$2,500
60612, Chicago, IL	$1,463	$2,300	$2,500	$2,695
60614, Chicago, IL	$1,750	$2,500	$3,650	$3,125
60608, Chicago, IL	$1,550	$1,800	$1,900	$2,100

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 $3,000. 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 $2,000 and an average price per square feet of $40.32. There are a total of 3 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 $2,500 and an average price per square feet of $40.47. There are a total of 46 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 $3,500 and an average price per square feet of $35.43. There are a total of 36 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 -0.08%, one bedroom rental prices have changed by -0.15%, two bedroom rental prices have changed by 0.08%, three bedroom rental prices have changed by -0.15% 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 $2,400/month. You can search for these reasonably priced rental listings on RentHop.