Apartments for Rent in South Loop, Chicago, IL
187 Rentals Available

Rent prices in cities near South Loop

View All Chicago Neighborhoods

Rent prices in neighborhoods near South Loop

View All Chicago Neighborhoods

Popular Zip Codes in South Loop, Chicago, IL

Nearby Cities

View All Chicago Neighborhoods

South Loop, Chicago, IL in the News

Apartment-Crazed Neighborhoods: The Nation's Downtowns See Historic Boom, with DTLA Leading the Way

Once home to warehouses and rail yards, the South Loop has seen an impressive rebirth in the last decade. With brand new, sparkling glass high-rises and historical publishing houses being converted to apartments, it has emerged as a popular residential neighborhood located just a couple of train stops away from downtown. As a result, because of its great location, developers put up more than 3,500 new apartments in the area since 2017 — 14% of the entire supply of newly built apartments in Chicago.

Frequently Asked Questions

When were prices and availability in South Loop, Chicago, IL last updated?

Prices and availability in South Loop, Chicago, IL were last updated on 12 Aug 2022.

What are the best apartments in South Loop, Chicago, IL?

The best apartments in South Loop, Chicago, IL are: Wells Place Apartments, Burnham Pointe, Eleven40, Alta Grand Central and Uncommon.

What is the average rent in South Loop, Chicago, IL?

The average rent in South Loop, Chicago, IL is $2,483. Start your search for apartments in South Loop, Chicago, IL now.

What is the price range for a studio apartment in South Loop, Chicago, IL?

The price range for a studio apartment in South Loop, Chicago, IL is between $1,425 and $6,975. View all studio apartments in South Loop, Chicago, IL.

What is the price range for a 1-bedroom apartment in South Loop, Chicago, IL?

The price range for a 1-bedroom apartment in South Loop, Chicago, IL is between $1,600 and $5,581. Browse all available 1-bedroom apartments in South Loop, Chicago, IL now.

What is the price range for a 2-bedroom apartment in South Loop, Chicago, IL?

The price range for a 2-bedroom apartment in South Loop, Chicago, IL is between $2,121 and $8,194. Browse and find a 2-bedroom apartment in South Loop, Chicago, IL.

What is the price range for a 3-bedroom apartment in South Loop, Chicago, IL?

The price range for a 3-bedroom apartment in South Loop, Chicago, IL is between $1,752 and $9,228. Browse all available 3-bedroom apartments in South Loop, Chicago, IL.

Renter's guide to South Loop, Chicago, IL

South Loop is a quiet neighborhood just two miles outside Downtown Chicago, with approximately 98,000 residents. It buts up against Printers Row, and is also close to Chinatown and Bronzeville. The “Best City in the World,” according to Time Out, Chicago is affordable, diverse, and has a strong economy, anchored by the numerous international and national corporations that call the city their home. In fact, Chicago is second only to New York City’s Manhattan for being the largest commercial business district in the country. Some of the many perks of living in and around Chicago include access to Lake Michigan, to top restaurants, world-class entertainment, cultural, and educational opportunities.

South Loop, Chicago, IL Demographics

Total Population23,276
Female 11,341

Male 11,936
Median Age34.1

In total, South Loop, Chicago, IL has 23,276 residents, 11,936 women and 11,341 men, per U.S. Census recent estimates. Statistics show that the median age of South Loop’s population is 34.1.

Cost of Living in South Loop

Although the cost is a little higher than the national average, living in and around Chicago is actually affordable. In South Loop, the cost of basic utilities for a 900-square-foot apartment is about $180 per month. And because food is king, you should know that a meal for two in a sit-down casual restaurant with 3 courses hovers around $60. South Loop is within walking distance from Downtown, as well as from many other popular sites, but it is also close to several public transportation options. Getting around on the CTA Blue Line starts at $2.25 one-way, or take the METRA rail system for $2.75 and up.

Average Rent in South Loop, Chicago, IL

South Loop, Chicago, IL Average Rental Price, July 2022 $2,483 ^/mo

The average monthly rent for an apartment in South Loop, Chicago, IL is around $2,483.

South Loop, Chicago, IL Apartment Rent Ranges

A share of 4% of apartments in South Loop, Chicago, IL have the cheapest rents between $701-$1,000. Around 64% of rentals are in the most expensive price range of > $2,000. Around 12% of South Loop’s apartments have monthly rents between $1,001-$1,500. There are 20% of apartments with rents between $1,501-$2,000.

South Loop, Chicago, IL Rent Trends

Average Rent	Jul / 2019	Nov / 2019	Mar / 2020	Jul / 2020	Nov / 2020	Mar / 2021	Jul / 2021	Nov / 2021	Mar / 2022	Jul / 2022
South Loop, Chicago, IL	$2,172	$2,126	$2,110	$2,074	$1,948	$2,079	$2,274	$2,373	$2,309	$2,483
National	$1,407	$1,415	$1,416	$1,406	$1,410	$1,418	$1,501	$1,596	$1,634	$1,706

The national average price of rental apartments is $1,706, while the average monthly rent in South Loop, Chicago, IL is $2,483.

Check out the average rent in Chicago.

Living in South Loop, Chicago, IL

Living in the South Loop means being close to everything the city has to offer. One of the biggest advantages of living in the South Loop lies in its proximity to downtown, and the ease with which commuters can get back and forth to work. Most young residents would say that a disadvantage of living in the South Loop is that it’s too quiet and there’s no nightlife. As for the older ones, this is listed among the major perks of living in this area.

Things to do in South Loop, Chicago, IL

There is no shortage of things to do in the South Loop. For things to do with the family, a visit to Adler Planetarium and its Sky Theater for virtual-reality space trips is a must. Other fun family activities are skating the ramps at Grant Park Skate Plaza, or kayaking at Ping Tom Memorial Park. Football fans need look no further than Soldier Field for a Bears game. Also, you should know that one of the best fine dining restaurants in all of Chicago is Acadia in the South Loop. For more casual fare, check out the Devil Dawgs South Loop location, then head to Little Branch Cafe for dessert.

South Loop, Chicago, IL employment & economy

With an unemployment rate that continues to fall thanks to tech jobs and the numerous companies that have a homebase in Chicago, living in South Loop makes economic sense. It also means having a short commute into work. Chase Bank, United Airlines, Blue Cross and Blue Shield, and Morton Salt all have headquarters downtown.

South Loop, Chicago, IL Households

Total Number of Households10,942
Family 4,442

Non-family 6,500
Children 1,557

No Children 9,385

Average People Per Household1.98
Median Household Income$103,173
Median Housing Costs Per Month$2,150

There is a total of 10,942 households in South Loop, Chicago, IL. Of these, 1,557 have children and 9,385 are without children. Per Census Bureau’s most current estimates, 4,442 family households and 6,500 non-family households live in this area. The size of a household in South Loop is 1.98 people, on average. The median household annual income in South Loop equals $103,173, and the monthly housing costs equal $2,150.

Education in South Loop, Chicago, IL

The South Loop’s schools are in the Chicago Public Schools system. Jones College Prep High School was ranked the third-best in the state, and 110th in the nation in the U.S. News & World Report annual ranking of the best schools in the country. South Loop is also home to Columbia College Chicago, which is one of several higher learning institutions in the city.

South Loop, Chicago, IL Education Statistics

According to data from the U.S. Census Bureau, 5% of the population in South Loop, Chicago, IL have no high school education, 17% went to high-school, and 13% have partially completed college. Moreover, 4% of the population hold an Associate Degree, 31% hold a Bachelor Degree, and 30% hold a Graduate Degree.

Tips for renting in South Loop, Chicago, IL

The Chicago Residential Landlord Tenant Ordinance protects renter’s rights in South Loop. The legislation specifies the responsibilities of both landlords and tenants, and includes rules about what constitutes timely repairs, how much notification is required prior to termination of a lease, and how much interest can be paid on security deposits not returned within 30 days of moving out.

Most Expensive Rental
1001 South State $1,962 - $9,050
Least Expensive Rental
Library Lofts $1,550 - $2,150

RentCafe is your one-stop shop for finding a great new apartment in South Loop, Chicago, IL. Easily search through a wide selection of apartments for rent in South Loop, Chicago, IL, and view detailed information about available rentals including floor plans, pricing, photos, amenities, interactive maps, and thorough property descriptions. Property owners and managers are one click away, so feel free to contact them and find out all you need to know about the apartment you’re interested in. Browse South Loop, Chicago, IL apartments with rents starting from $1,365 and submit your rental application today!

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!

Save Search

Apartments for Rent in South Loop, Chicago, IL 187 Rentals Available

Popular Searches

Rent prices in cities near South Loop

Rent prices in neighborhoods near South Loop

Popular Zip Codes in South Loop, Chicago, IL

Nearby Cities

South Loop, Chicago, IL in the News

Apartment-Crazed Neighborhoods: The Nation's Downtowns See Historic Boom, with DTLA Leading the Way

Frequently Asked Questions

When were prices and availability in South Loop, Chicago, IL last updated?

What are the best apartments in South Loop, Chicago, IL?

What is the average rent in South Loop, Chicago, IL?

What is the price range for a studio apartment in South Loop, Chicago, IL?

What is the price range for a 1-bedroom apartment in South Loop, Chicago, IL?

What is the price range for a 2-bedroom apartment in South Loop, Chicago, IL?

What is the price range for a 3-bedroom apartment in South Loop, Chicago, IL?

Renter's guide to South Loop, Chicago, IL

South Loop, Chicago, IL Demographics

Cost of Living in South Loop

Average Rent in South Loop, Chicago, IL

South Loop, Chicago, IL Apartment Rent Ranges

South Loop, Chicago, IL Rent Trends

Living in South Loop, Chicago, IL

Things to do in South Loop, Chicago, IL

South Loop, Chicago, IL employment & economy

South Loop, Chicago, IL Households

Education in South Loop, Chicago, IL

South Loop, Chicago, IL Education Statistics

Tips for renting in South Loop, Chicago, IL

Most Expensive Rental

Least Expensive Rental

Apartments for Rent in South Loop, Chicago, IL
187 Rentals Available