The average monthly rent for an apartment in South Loop, Chicago, IL is around $2,080.
Studio Apartments for Rent in South Loop, Chicago, IL
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More Rentals Near South Loop, Chicago, IL
Rental prices in South Loop, Chicago, IL have increased by 2.14% over the past year. The average rent moved from $2,037 to $2,080.
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 $2,080.
The average monthly rent for an apartment in South Loop, Chicago, IL is around $2,080.
A share of 4% of apartments in South Loop, Chicago, IL have the cheapest rents between $1,001-$1,500. Around 17% of rentals are $2,501-$3,000. Around 42% of South Loop's apartments have monthly rents between $1,501-$2,000. There are 37% of apartments with rents between $2,001-$2,500.
The largest share of rentals in South Loop, Chicago, IL (42%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.
There are 17 studio rentals available on RentCafe. Prices and availability in South Loop, Chicago, IL were last updated on 20 Feb 2026.
The average South Loop, Chicago, IL studio apartment size is 303 sq. ft.
Studio apartments in South Loop, Chicago, IL tend to be more affordable than other apartments and they have lower utility costs.
One of the downsides of living in a studio apartment is the limited storage space.
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.