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 Aug / 2026, the average rent in South Loop is $2,787 per month, a 0.14% decrease from last years average of $2,791.

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

In South Loop, studios rent for $2,050 per month, one-bedroom units average $2,578 per month, two-bedrooms cost around $3,480 per month, and three-bedroom apartments rent for about $4,628 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 525 sq. ft., one-bedrooms offer 734 sq. ft., two-bedrooms are about 1,090 sq. ft., and three-bedroom apartments average 1,492 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: September 30, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in South Loop is $2,787, a 0.14% decrease compared to the previous year, when the average rent was $2,791.

Studio Apartments at $2,050 offer the most budget-friendly option with 525 square feet, ideal for single renters prioritizing location over space.

One-bedroom apartments provide 734 square feet for $2,578, balancing privacy and affordability.

Two-bedroom units at $3,480 offer 1,090 square feet, perfect for roommates or small families.

Three-bedroom apartments deliver maximum space (1,492 sq ft) for $4,628, suitable for larger households.

Average rent in South Loop, Chicago, IL

Last updated: September 30, 2026

	Average Rent	Average Apartment Size
All Rentals	$2,787	816 sq. ft.
Studio	$2,050	525 sq. ft.
1 Bed	$2,578	734 sq. ft.
2 Beds	$3,480	1,090 sq. ft.
3 Beds	$4,628	1,492 sq. ft.

South Loop, Chicago, IL rent trends

Rental prices in South Loop, Chicago, IL have decreased by 0.14% over the past year. The average rent moved from $2,791 to $2,787.

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?

Jackson Park Highlands $1,136/month

Austin $1,157/month

Washington Park $1,237/month

All of these neighborhoods fall below the city wide average of $2,523/month.

Most expensive neighborhoods in South Loop?

River North $3,420/month

Wrightwood $3,813/month

Sheffield $4,090/month

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

Average Rent in Chicago, IL By Neighborhood

Neighborhood	Average Rent
Sheffield	$4,090
Wrightwood	$3,813
River North	$3,420
Greektown	$3,390
Bucktown	$3,387
Fulton Market	$3,364
Streeterville	$3,272
Old Town Chicago	$3,215
Downtown Chicago	$3,156
Near East Side Chicago	$3,128
Goose Island	$3,117
West Town	$3,087
Old Town Triangle	$3,050
Near West Side	$3,048
Fulton River District	$3,020
River West	$3,017
Chicago Loop	$3,008
Wicker Park	$2,974
Near North Side Chicago	$2,917
East Village	$2,826
Tri-Taylor	$2,813
Humboldt Park	$2,791
South Loop	$2,787
Gold Coast	$2,692
Cabrini - Green	$2,536
Printer's Row	$2,469
Lincoln Park	$2,432
West Loop	$2,425
Little Italy	$2,283
Lakeview	$2,277
Logan Square	$2,266
East Hyde Park	$2,100
Palmer Square	$2,095
Ravenswood	$2,087
Kenwood	$2,000
Park West	$1,979
Andersonville	$1,971
Clarendon Park	$1,964
Stateway Gardens	$1,901
Bronzeville	$1,783
Oakland	$1,781
Bryn Mawr Historic District	$1,761
Buena Park	$1,742
Margate Park	$1,733
Hyde Park	$1,673
Uptown Chicago	$1,618
West Rogers Park	$1,594
Woodlawn	$1,589
Rogers Park	$1,500
North Kenwood	$1,485
Edgewater Beach	$1,482
East Garfield Park	$1,464
Sheridan Park	$1,399
South Shore	$1,352
Jefferson Park	$1,345
Edgewater	$1,326
Douglas Park	$1,241
Englewood	$1,239
Washington Park	$1,237
Austin	$1,157
Jackson Park Highlands	$1,136

Chicago | Rent Comparison by Neighborhood

Rent in South Loop is 41% higher than in Andersonville

$2,787

South Loop rent is the same as Chicago average

Average Rent $2,787

$1,971

Andersonville rent is 29% lower than Chicago average

Average Rent $1,971

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.