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

The average size for a South Loop, Chicago, IL apartment is 817 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 Feb / 2026, the average rent in South Loop is $2,726 per month, a 4.33% increase from last years average of $2,613.

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

In South Loop, studios rent for $2,091 per month, one-bedroom units average $2,519 per month, two-bedrooms cost around $3,355 per month, and three-bedroom apartments rent for about $4,396 per month

What is the average apartment size in South Loop?

The typical apartment in South Loop offers about 817 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 1,092 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 $2,001 to $2,500 per month, with 33% 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: April 04, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in South Loop is $2,726, a 4.33% increase compared to the previous year, when the average rent was $2,613.

Studio Apartments at $2,091 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 $2,519, balancing privacy and affordability.

Two-beedroom units at $3,355 offer 1,092 square feet, perfect for roommates or small families.

Three-bedroom apartments deliver maximum space (1,472 sq ft) for $4,396, suitable for larger households.

Average rent in South Loop, Chicago, IL

Last updated: April 04, 2026

	Average Rent	Average Apartment Size
All Rentals	$2,726	817 sq. ft.
Studio	$2,091	526 sq. ft.
1 Bed	$2,519	732 sq. ft.
2 Beds	$3,355	1,092 sq. ft.
3 Beds	$4,396	1,472 sq. ft.

South Loop, Chicago, IL rent trends

Rental prices in South Loop, Chicago, IL have increased by 4.33% over the past year. The average rent moved from $2,613 to $2,726.

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

The largest share of rentals in South Loop, Chicago, IL (33%) fall between $2,001-$2,500 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 $1,069/month

Austin $1,088/month

Washington Park $1,194/month

All of these neighborhoods fall below the city wide average of $2,455/month.

Most expensive neighborhoods in South Loop?

River North $3,355/month

Wrightwood $3,677/month

Sheffield $3,793/month

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

Average Rent in Chicago, IL By Neighborhood

Neighborhood	Average Rent
Sheffield	$3,793
Wrightwood	$3,677
River North	$3,355
Greektown	$3,338
Fulton Market	$3,316
Streeterville	$3,236
Near East Side Chicago	$3,081
Old Town Chicago	$3,079
Bucktown	$3,052
Downtown Chicago	$3,034
Goose Island	$3,030
River West	$2,998
Old Town Triangle	$2,998
Near West Side	$2,975
Wicker Park	$2,963
Chicago Loop	$2,962
Near North Side Chicago	$2,914
Fulton River District	$2,902
Humboldt Park	$2,777
East Village	$2,768
South Loop	$2,726
Tri-Taylor	$2,639
Gold Coast	$2,587
Printer's Row	$2,528
Cabrini - Green	$2,453
Lincoln Park	$2,351
West Loop	$2,264
Little Italy	$2,216
Lakeview	$2,209
Logan Square	$2,203
Ravenswood	$2,081
East Hyde Park	$2,035
Andersonville	$1,971
Clarendon Park	$1,947
Oakland	$1,931
Kenwood	$1,930
Palmer Square	$1,928
Park West	$1,895
Stateway Gardens	$1,857
Hyde Park	$1,791
Uptown Chicago	$1,725
Buena Park	$1,706
Margate Park	$1,578
Bronzeville	$1,577
Bryn Mawr Historic District	$1,563
Budlong Woods	$1,551
North Kenwood	$1,495
Rogers Park	$1,486
West Rogers Park	$1,480
Woodlawn	$1,459
East Garfield Park	$1,420
Edgewater Beach	$1,413
Jefferson Park	$1,345
South Shore	$1,338
Edgewater	$1,322
Douglas Park	$1,309
Englewood	$1,286
Sheridan Park	$1,285
Washington Park	$1,194
Austin	$1,088
Jackson Park Highlands	$1,069

Chicago | Rent Comparison by Neighborhood

Rent in South Loop is 38% higher than in Andersonville

$2,726

South Loop rent is the same as Chicago average

Average Rent $2,726

$1,971

Andersonville rent is 28% 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.