Average rent in The Loop, Chicago
The median asking rent in The Loop is $2,873 a month and the average is $3,185, based on 316 apartments available in 16 buildings as of September 21, 2026. By size, the median is $2,415 for a studio, $3,006 for a 1 bedroom, $4,317 for a 2 bedroom, $6,050 for a 3 bedroom.
That is 4% above the Chicago median of $2,754, which covers 5,718 available apartments in 374 buildings.
The Loop rent by apartment size
| Size | Median | Average | Range | Avg sq ft | Available |
|---|---|---|---|---|---|
| Studio | $2,415 | $2,442 | $1,935–$3,344 | 594 | 85 |
| 1 bedroom | $3,006 | $3,023 | $2,060–$4,511 | 766 | 134 |
| 2 bedroom | $4,317 | $4,393 | $3,185–$5,764 | 1,151 | 61 |
| 3 bedroom | $6,050 | $7,459 | $4,274–$13,018 | 1,783 | 7 |
| All sizes | $2,873 | $3,185 | 316 |
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 The Loop compares
| Neighborhood | Median | Studio | 1 bedroom | 2 bedroom |
|---|---|---|---|---|
| The Loop | $2,873 | $2,415 | $3,006 | $4,317 |
| West Loop | $2,813 | $2,360 | $2,889 | $4,116 |
| River North | $3,070 | $2,577 | $2,994 | $4,413 |
| South Loop | $2,856 | $2,378 | $2,755 | $3,495 |
| 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 |
| 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 The Loop?
The median asking rent in The Loop is $2,873 a month and the average is $3,185, based on 316 apartments available in 16 buildings as of September 21, 2026. By size, the median is $2,415 for a studio, $3,006 for a 1 bedroom, $4,317 for a 2 bedroom, $6,050 for a 3 bedroom.
How much is a studio apartment in The Loop?
The median asking rent for a studio in The Loop is $2,415 a month, ranging from $1,935 to $3,344 across 85 available units, with an average size of 594 square feet.
How much is a 1 bedroom apartment in The Loop?
The median asking rent for a 1 bedroom in The Loop is $3,006 a month, ranging from $2,060 to $4,511 across 134 available units, with an average size of 766 square feet.
How much is a 2 bedroom apartment in The Loop?
The median asking rent for a 2 bedroom in The Loop is $4,317 a month, ranging from $3,185 to $5,764 across 61 available units, with an average size of 1,151 square feet.
How much is a 3 bedroom apartment in The Loop?
The median asking rent for a 3 bedroom in The Loop is $6,050 a month, ranging from $4,274 to $13,018 across 7 available units, with an average size of 1,783 square feet.
Is The Loop more expensive than the rest of Chicago?
The median asking rent in The Loop is $2,873. 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.