The average monthly rent for an apartment in South Loop, Chicago, IL is around $2,505.
1 Bedroom Apartments for Rent in South Loop, Chicago, IL
-
More Rentals Near South Loop, Chicago, IL
Rental prices in South Loop, Chicago, IL have increased by 4.76% over the past year. The average rent moved from $2,391 to $2,505.
Check out the average rent in Chicago.
The national average price of rental apartments is $1,741, while the average monthly rent in South Loop, Chicago, IL is $2,505.
The average monthly rent for an apartment in South Loop, Chicago, IL is around $2,505.
A share of 5% of apartments in South Loop, Chicago, IL have the cheapest rents between $1,501-$2,000. Around 5% of rentals are > $3,000. Around 42% of South Loop's apartments have monthly rents between $2,001-$2,500. There are 47% of apartments with rents between $2,501-$3,000.
The largest share of rentals in South Loop, Chicago, IL (47%) fall between $2,501-$3,000 per month. This suggests that most people succesfully find suitable apartments within this price.
There are 56 1 bedroom rentals available on RentCafe. Prices and availability in South Loop, Chicago, IL were last updated on 25 Feb 2026.
The average South Loop, Chicago, IL 1 bedroom apartment size is 522 sq. ft.
Renting a 1 bedroom apartment comes with more living and storage space compared to a studio apartment.
1 bedroom apartments are usually more expensive than studio apartments in terms of rent and utility costs.
In total, South Loop, Chicago, IL has 24,104 residents, 11,882 women and 12,221 men, per U.S. Census recent estimates. Statistics show that the median age of South Loop’s population is 31.
There is a total of 11,874 households in South Loop, Chicago, IL. Of these, 1,662 have children and 10,212 are without children. Per Census Bureau’s most current estimates, 4,571 family households and 7,303 non-family households live in this area. The size of a household in South Loop is 1.52 people, on average. The median household annual income in South Loop equals $118,403, and the monthly housing costs equal $2,426.
According to data from the U.S. Census Bureau, 5% of the population in South Loop, Chicago, IL have no high school education, 15% went to high-school, and 15% have partially completed college. Moreover, 4% of the population hold an Associate Degree, 33% hold a Bachelor Degree, and 29% hold a Graduate Degree.