What is the average apartment size in South Loop, Chicago, IL?

The average size for a South Loop, Chicago, IL apartment is 816 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

What is the average rent in South Loop?

As of Sep / 2025, the average rent in South Loop is $2,792 per month, a 5.46% increase from last year’s average of $2,647.

How much does rent cost by apartment size in South Loop?

In South Loop, studios rent for $2,103 per month, one-bedroom units average $2,508 per month, two-bedrooms cost around $3,445 per month, and three-bedroom apartments rent for about $4,351 per month

What is the average apartment size in South Loop?

The typical apartment in South Loop offers about 816 sq. ft. square feet of living space, though actual sizes vary depending on layout and amenities.

How large are apartments by bedroom count in South Loop?

Studio apartments in South Loop average 513 sq. ft., one-bedrooms offer 729 sq. ft., two-bedrooms are about 1,089 sq. ft., and three-bedroom apartments average 1,472 sq. ft.

South Loop, Chicago, IL Rental Market Trends

Q: What's the typical rent budget in South Loop?

The typical rent budget in South Loop ranges from $2,001 to $2,500 per month, with 32% of rentals in this range.

Q: Do most people rent or own in South Loop?

In South Loop, 60% of households rent while 40% own their homes, based on the latest U.S. Census data.

Last updated: October 19, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in South Loop is $2,792, a 5.46% increase compared to the previous year, when the average rent was $2,647.

Studio Apartments at $2,103 offer the most budget-friendly option with 513 square feet, ideal for single renters prioritizing location over space.

One-bedroom apartments provide 729 square feet for $2,508, balancing privacy and affordability.

Two-beedroom units at $3,445 offer 1,089 square feet, perfect for roommates or small families.

Three-bedroom apartments deliver maximum space (1,472 sq ft) for $4,351, suitable for larger households.

Average rent in South Loop, Chicago, IL

Last updated: October 19, 2025

	Average Rent	Average Apartment Size
All Rentals	$2,792	816 sq. ft.
Studio	$2,103	513 sq. ft.
1 Bed	$2,508	729 sq. ft.
2 Beds	$3,445	1,089 sq. ft.
3 Beds	$4,351	1,472 sq. ft.

South Loop, Chicago, IL rent trends

Rental prices in South Loop, Chicago, IL have increased by 5.46% over the past year. The average rent moved from $2,647 to $2,792.

What's the typical rent budget in South Loop, Chicago, IL?

The largest share of rentals in South Loop, Chicago, IL (32%) fall between $2,001-$2,500 per month. This suggests that most people succesfully find suitable apartments within this price.

Do most people rent or own in South Loop, Chicago, IL?

7,083 or 60% of the households in South Loop, Chicago, IL are renter-occupied while 4,791 or 40% are owner-occupied.

Access comprehensive real estate data and information on Yardi Matrix

Most affordable neighborhoods in South Loop?

Austin $1,046/month

Jackson Park Highlands $1,105/month

Washington Park $1,227/month

All of these neighborhoods fall below the city wide average of $2,461/month.

Most expensive neighborhoods in South Loop?

River North $3,349/month

Wrightwood $3,530/month

Sheffield $3,749/month

These neighborhoods typically command higher rents due to location, amenities, and demand.

Average Rent in Chicago, IL By Neighborhood

Neighborhood	Average Rent
Sheffield	$3,749
Wrightwood	$3,530
River North	$3,349
Downtown Chicago	$3,329
Greektown	$3,315
Fulton Market	$3,289
Streeterville	$3,258
Old Town Triangle	$3,105
Bucktown	$3,074
Near East Side Chicago	$3,038
River West	$3,028
Near West Side	$3,018
Goose Island	$2,977
Old Town Chicago	$2,975
Wicker Park	$2,964
Chicago Loop	$2,947
Fulton River District	$2,916
East Village	$2,846
Near North Side Chicago	$2,845
Humboldt Park	$2,825
South Loop	$2,792
Tri-Taylor	$2,667
Printer's Row	$2,531
Gold Coast	$2,526
Cabrini - Green	$2,519
Lincoln Park	$2,338
Logan Square	$2,280
West Loop	$2,267
Little Italy	$2,230
Lakeview	$2,165
Ravenswood	$2,081
Palmer Square	$2,042
East Hyde Park	$2,003
Clarendon Park	$1,970
Andersonville	$1,949
Kenwood	$1,886
Stateway Gardens	$1,869
Hyde Park	$1,815
Park West	$1,801
Uptown Chicago	$1,801
Buena Park	$1,737
Oakland	$1,690
Woodlawn	$1,638
Margate Park	$1,614
Bronzeville	$1,608
Bryn Mawr Historic District	$1,569
West Rogers Park	$1,536
North Kenwood	$1,535
Rogers Park	$1,516
East Garfield Park	$1,481
Edgewater Beach	$1,457
Englewood	$1,428
Sheridan Park	$1,369
Jefferson Park	$1,345
Edgewater	$1,322
South Shore	$1,305
Budlong Woods	$1,277
Washington Park	$1,227
Jackson Park Highlands	$1,105
Austin	$1,046

Chicago | Rent Comparison by Neighborhood

Rent in South Loop is 43% higher than in Andersonville

$2,792

South Loop rent is the same as Chicago average

Average Rent $2,792

$1,949

Andersonville rent is 30% lower than Chicago average

Average Rent $1,949

Where this data comes from

The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.

Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all South Loop apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.

Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.