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

The average size for a South Loop, Chicago, IL apartment is 822 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 Jan / 2026, the average rent in South Loop is $2,764 per month, a 3.52% increase from last years average of $2,670.

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

In South Loop, studios rent for $2,080 per month, one-bedroom units average $2,505 per month, two-bedrooms cost around $3,357 per month, and three-bedroom apartments rent for about $4,344 per month

What is the average apartment size in South Loop?

The typical apartment in South Loop offers about 822 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 732 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 $2,501 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, 60% of households rent while 40% own their homes, based on the latest U.S. Census data.

Last updated: February 17, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in South Loop is $2,764, a 3.52% increase compared to the previous year, when the average rent was $2,670.

Studio Apartments at $2,080 offer the most budget-friendly option with 526 square feet, ideal for single renters prioritizing location over space.

One-bedroom apartments provide 732 square feet for $2,505, balancing privacy and affordability.

Two-beedroom units at $3,357 offer 1,089 square feet, perfect for roommates or small families.

Three-bedroom apartments deliver maximum space (1,472 sq ft) for $4,344, suitable for larger households.

Average rent in South Loop, Chicago, IL

Last updated: February 17, 2026

	Average Rent	Average Apartment Size
All Rentals	$2,764	822 sq. ft.
Studio	$2,080	526 sq. ft.
1 Bed	$2,505	732 sq. ft.
2 Beds	$3,357	1,089 sq. ft.
3 Beds	$4,344	1,472 sq. ft.

South Loop, Chicago, IL rent trends

Rental prices in South Loop, Chicago, IL have increased by 3.52% over the past year. The average rent moved from $2,670 to $2,764.

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?

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

Most affordable neighborhoods in South Loop?

Austin $1,027/month

Jackson Park Highlands $1,061/month

Washington Park $1,214/month

All of these neighborhoods fall below the city wide average of $2,454/month.

Most expensive neighborhoods in South Loop?

River North $3,334/month

Sheffield $3,624/month

Wrightwood $3,637/month

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

Average Rent in Chicago, IL By Neighborhood

Neighborhood	Average Rent
Wrightwood	$3,637
Sheffield	$3,624
River North	$3,334
Greektown	$3,331
Streeterville	$3,303
Fulton Market	$3,275
Downtown Chicago	$3,192
Near East Side Chicago	$3,121
Bucktown	$3,093
Old Town Chicago	$3,055
Old Town Triangle	$3,015
Near West Side	$2,997
Chicago Loop	$2,977
River West	$2,962
Goose Island	$2,931
Wicker Park	$2,907
Near North Side Chicago	$2,900
Fulton River District	$2,898
Humboldt Park	$2,799
East Village	$2,794
South Loop	$2,764
Tri-Taylor	$2,694
Gold Coast	$2,550
Printer's Row	$2,518
Cabrini - Green	$2,489
Lincoln Park	$2,350
West Loop	$2,271
Little Italy	$2,186
Logan Square	$2,184
Lakeview	$2,164
Ravenswood	$2,057
East Hyde Park	$2,047
Palmer Square	$1,962
Andersonville	$1,923
Clarendon Park	$1,893
Oakland	$1,844
Park West	$1,836
Kenwood	$1,830
Hyde Park	$1,806
Stateway Gardens	$1,786
Uptown Chicago	$1,761
Buena Park	$1,740
Margate Park	$1,585
Bryn Mawr Historic District	$1,555
Bronzeville	$1,520
Woodlawn	$1,499
Rogers Park	$1,486
North Kenwood	$1,485
West Rogers Park	$1,480
Edgewater Beach	$1,415
Englewood	$1,413
East Garfield Park	$1,406
Sheridan Park	$1,392
Budlong Woods	$1,384
Jefferson Park	$1,345
Edgewater	$1,322
South Shore	$1,310
Douglas Park	$1,309
Washington Park	$1,214
Jackson Park Highlands	$1,061
Austin	$1,027

Chicago | Rent Comparison by Neighborhood

Rent in South Loop is 44% higher than in Andersonville

$2,764

South Loop rent is the same as Chicago average

Average Rent $2,764

$1,923

Andersonville rent is 30% lower than Chicago average

Average Rent $1,923

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.