Average rent in South Loop, Chicago
The median asking rent in South Loop is $2,856 a month and the average is $3,113, based on 473 apartments available in 33 buildings as of September 21, 2026. By size, the median is $2,378 for a studio, $2,755 for a 1 bedroom, $3,495 for a 2 bedroom, $6,225 for a 3 bedroom.
That is 4% above the Chicago median of $2,754, which covers 5,718 available apartments in 374 buildings.
South Loop rent by apartment size
| Size | Median | Average | Range | Avg sq ft | Available |
|---|---|---|---|---|---|
| Studio | $2,378 | $2,410 | $1,599–$3,207 | 523 | 102 |
| 1 bedroom | $2,755 | $2,842 | $2,079–$4,679 | 753 | 217 |
| 2 bedroom | $3,495 | $3,599 | $2,149–$6,990 | 1,085 | 128 |
| 3 bedroom | $6,225 | $6,181 | $3,037–$9,622 | 1,635 | 23 |
| All sizes | $2,856 | $3,113 | 473 |
Asking rent is the listed monthly price before any move-in special. Only apartments available right now are counted. See how we measure rent.
How South Loop compares
| Neighborhood | Median | Studio | 1 bedroom | 2 bedroom |
|---|---|---|---|---|
| South Loop | $2,856 | $2,378 | $2,755 | $3,495 |
| West Loop | $2,813 | $2,360 | $2,889 | $4,116 |
| River North | $3,070 | $2,577 | $2,994 | $4,413 |
| Streeterville | $3,206 | $2,654 | $3,079 | $4,502 |
| Gold Coast | $2,584 | $2,089 | $2,624 | $4,418 |
| Fulton Market | $3,271 | $2,476 | $3,177 | $4,407 |
| The Loop | $2,873 | $2,415 | $3,006 | $4,317 |
| Old Town | $3,129 | $2,605 | $3,084 | $4,354 |
| Uptown | $2,195 | $1,750 | $2,385 | $3,593 |
| Lakeshore East | $3,101 | $2,499 | $3,111 | $4,450 |
| Lincoln Park | $2,957 | $2,000 | $3,159 | $4,943 |
Frequently asked
What is the average rent in South Loop?
The median asking rent in South Loop is $2,856 a month and the average is $3,113, based on 473 apartments available in 33 buildings as of September 21, 2026. By size, the median is $2,378 for a studio, $2,755 for a 1 bedroom, $3,495 for a 2 bedroom, $6,225 for a 3 bedroom.
How much is a studio apartment in South Loop?
The median asking rent for a studio in South Loop is $2,378 a month, ranging from $1,599 to $3,207 across 102 available units, with an average size of 523 square feet.
How much is a 1 bedroom apartment in South Loop?
The median asking rent for a 1 bedroom in South Loop is $2,755 a month, ranging from $2,079 to $4,679 across 217 available units, with an average size of 753 square feet.
How much is a 2 bedroom apartment in South Loop?
The median asking rent for a 2 bedroom in South Loop is $3,495 a month, ranging from $2,149 to $6,990 across 128 available units, with an average size of 1,085 square feet.
How much is a 3 bedroom apartment in South Loop?
The median asking rent for a 3 bedroom in South Loop is $6,225 a month, ranging from $3,037 to $9,622 across 23 available units, with an average size of 1,635 square feet.
Is South Loop more expensive than the rest of Chicago?
The median asking rent in South Loop is $2,856. That is 4% above the Chicago median of $2,754, which covers 5,718 available apartments in 374 buildings.
Where do these numbers come from?
Precise Rent reads each building's own published pricing and availability every morning and afternoon. These figures count only apartments that are available right now, at the listed monthly price before any move-in special.