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 / 2026, the average rent in South Loop is $2,802 per month, a 2.81% increase from last years average of $2,725.

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

In South Loop, studios rent for $2,057 per month, one-bedroom units average $2,585 per month, two-bedrooms cost around $3,510 per month, and three-bedroom apartments rent for about $4,724 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 526 sq. ft., one-bedrooms offer 734 sq. ft., two-bedrooms are about 1,091 sq. ft., and three-bedroom apartments average 1,498 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 $2,501 to $3,000 per month, with 36% of rentals in this range.

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

In South Loop, 59% of households rent while 41% own their homes, based on the latest U.S. Census data.

Last updated: October 30, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in South Loop is $2,802, a 2.81% increase compared to the previous year, when the average rent was $2,725.

Studio Apartments at $2,057 offer the most budget-friendly option with 526 square feet, ideal for single renters prioritizing location over space.

One-bedroom apartments provide 734 square feet for $2,585, balancing privacy and affordability.

Two-bedroom units at $3,510 offer 1,091 square feet, perfect for roommates or small families.

Three-bedroom apartments deliver maximum space (1,498 sq ft) for $4,724, suitable for larger households.

Average rent in South Loop, Chicago, IL

Last updated: October 30, 2026

	Average Rent	Average Apartment Size
All Rentals	$2,802	816 sq. ft.
Studio	$2,057	526 sq. ft.
1 Bed	$2,585	734 sq. ft.
2 Beds	$3,510	1,091 sq. ft.
3 Beds	$4,724	1,498 sq. ft.

South Loop, Chicago, IL rent trends

Rental prices in South Loop, Chicago, IL have increased by 2.81% over the past year. The average rent moved from $2,725 to $2,802.

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

The largest share of rentals in South Loop, Chicago, IL (36%) fall between $2,501-$3,000 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?

7,370 or 59% of the households in South Loop, Chicago, IL are renter-occupied while 5,067 or 41% are owner-occupied.

Most affordable neighborhoods in South Loop?

Austin $1,180/month

Washington Park $1,253/month

Englewood $1,270/month

All of these neighborhoods fall below the city wide average of $2,531/month.

Most expensive neighborhoods in South Loop?

River North $3,419/month

Wrightwood $3,783/month

Sheffield $4,051/month

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

Average Rent in Chicago, IL By Neighborhood

Neighborhood	Average Rent
Sheffield	$4,051
Wrightwood	$3,783
River North	$3,419
Fulton Market	$3,369
Greektown	$3,362
Bucktown	$3,361
Streeterville	$3,250
Old Town Chicago	$3,187
Downtown Chicago	$3,130
Goose Island	$3,101
Near East Side Chicago	$3,100
Near West Side	$3,091
West Town	$3,054
River West	$3,044
Old Town Triangle	$3,033
Wicker Park	$3,009
Fulton River District	$2,996
Chicago Loop	$2,991
Near North Side Chicago	$2,909
East Village	$2,860
Tri-Taylor	$2,850
South Loop	$2,802
Humboldt Park	$2,791
Gold Coast	$2,670
Cabrini - Green	$2,567
West Loop	$2,472
Printer's Row	$2,463
Lincoln Park	$2,428
Little Italy	$2,318
Lakeview	$2,302
Logan Square	$2,296
Ravenswood	$2,135
Palmer Square	$2,122
East Hyde Park	$2,114
Andersonville	$2,012
Park West	$1,987
Kenwood	$1,976
Clarendon Park	$1,964
Stateway Gardens	$1,948
Bronzeville	$1,828
Bryn Mawr Historic District	$1,782
Oakland	$1,781
Buena Park	$1,770
Margate Park	$1,764
Hyde Park	$1,714
Uptown Chicago	$1,676
Woodlawn	$1,631
West Rogers Park	$1,616
Rogers Park	$1,539
North Kenwood	$1,509
Edgewater Beach	$1,506
East Garfield Park	$1,502
Sheridan Park	$1,442
South Shore	$1,381
Jefferson Park	$1,345
Edgewater	$1,326
Douglas Park	$1,294
Englewood	$1,270
Washington Park	$1,253
Austin	$1,180

Chicago | Rent Comparison by Neighborhood

Rent in South Loop is 39% higher than in Andersonville

$2,802

South Loop rent is the same as Chicago average

Average Rent $2,802

$2,012

Andersonville rent is 28% lower than Chicago average

Average Rent $2,012

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.