The South Loop neighborhood is just south of downtown, making it the definition of an easy commute for work or leisure. The average rent prices in the South Loop tend to be lower than in the rest of downtown Chicago but higher than in the neighborhoods that are further out from the city center. Bordered by the lake and gorgeous city parks, it also feels more quiet and residential than you might expect for its locale.
If you’re curious about the average rent in the South Loop, here’s what you need to know.
In a neighborhood filled with spectacular architecture, abundant entertainment options and rich history, you might be surprised to find prices are a better value compared to the rest of downtown. A luxury one bedroom that would typically rent for around $2400 in the South Loop would be closer to $3000 per month in other downtown Chicago neighborhoods like River North or the West Loop.
| Apartment Type | Average Rent (Monthly) |
|---|---|
| Studio | $1,800 – $2,400 |
| 1 Bedroom | $2,100 – $2,800 |
| 2 Bedrooms | $3,000 – $4,500 |
| 3 Bedrooms | $4,500 – $6,500 |
| 4 Bedrooms | $5,500 – $8,000+ |
Prices in the South Loop can vary based on the building’s location, views (e.g., lake or city), and available amenities. It’s a more affordable option compared to River North, but still offers luxury living, especially in high-rise buildings near the lake or parks.
If you’re ready to learn more about apartments in the South Loop, Chicago, view our current listings for luxury apartments available for rent!
