Apartments in South Loop Chicago

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$2,260
Chicago, IL
1 BR | May. 1, 2025
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West Town
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$2,260
Chicago, IL
1 BR | May. 1, 2025
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West Town
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$5,145
Chicago, IL
4 BR | Apr. 1, 2025
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West Town
13
$3,918
Chicago, IL
2 BR | May. 3, 2025
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West Loop
17
$3,600 - 3,995
Chicago, IL
2 BR | Available Now
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18
$2,432 - 4,975
1164 W. Madison Street Chicago, IL
Studio - 2 BR | Available Now
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Section 8
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1
$1,695
641 W Grand Ave Chicago, IL
1 BR | May. 1, 2025
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West Town
5
$3,100 - 3,650
1247-1249 W Madison St Chicago, IL
1 - 2 BR | Available Now
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15
$3,499
Chicago, IL
1 BR | Available Now
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West Loop
1
$1,595
Chicago, IL
2 BR | Available Now
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Bridgeport
8
$1,500
Chicago, IL
3 BR | Available Now
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Bridgeport
$5,000
Chicago, IL
3 BR | Available Now
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West Loop
1
$1,595
Chicago, IL
1 BR | May. 5, 2025
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13
$5,015
Chicago, IL
2 BR | Available Now
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West Loop
1
$4,400
Chicago, IL
3 BR | Apr. 1, 2025
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West Town
1
$1,495
3147 S May St Chicago, IL
1 BR | Available Now
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19
$2,995
Chicago, IL
Studio | Ask for Availability
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1
$1,350
Chicago, IL
1 BR | May. 3, 2025
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Bridgeport
13
$1,495
Chicago, IL
2 BR | Apr. 2, 2025
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Bridgeport
$1,650
Chicago, IL
1 BR | Available Now
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West Town
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South Loop Neighborhood Summary

Downtown Energy and Business Hustle in Chicago’s South Loop

On the beach at 18th Street, in the area we know as South Loop, the Fort Dearborn Massacre took place in 1812. In 1836 Henry B. Clark built a home on 20 acres on the outskirts of a town called Chicago, and the city was incorporated a year later. Clark House--built in the Greek Revival style--is the oldest surviving home in Chicago and is now a museum that gives us a glimpse into life before the Civil War. The west border of South Loop is the Chicago River. The Donohue Building was the first printing house on what was to become Printer’s Row. Dearborn Station was built across the street and became a major transportation hub for the entire city. Eventually Printer’s Row buildings were vacated, and the area lost its prominence. South Loop was home to brothels, burlesque theaters and arcades. It was one of the city’s Skid Rows until the 1970s and one of the largest shelters was located on State and Balbo until 2007. Dearborn Station has been converted to retail and office space and former warehouses and factories have been converted to residential buildings.

Who Lives There

The total population of South Loop is 23,021 and the median age is 34. Only 7.13% of households have children and the household average annual income is $102,500. 46.7% of the residents have never been married and 25% hold bachelor’s degrees. A one-bedroom, 760 square foot apartment will cost you approximately $2,200 per month and a three-bedroom, 2,149 square foot place will run about $7,175 per month.

Places of Interest

The Museum Campus was not created until 1998, though it started in 1921 when the Field Museum moved from the Palace of Fine Arts Building. The other museums that are located on the campus are the Shedd Aquarium and the Adler Planetarium. The Arie Crown Theater at McCormick Place and the Auditorium Theater are two major venues in South Loop. Saturdays during the summer you can take advantage of Printer’s Row Farmers Market. Grant Park is a must visit destination in the area, with 319 acres it hosts many public events and festivals like Taste of Chicago, The Grant Park Music Festival, Lollapalooza and the Chicago Marathon.

Chicago:
March Rent Report

Welcome to the March 2025 Chicago Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the March 2025 key findings and figures for the Chicago rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Chicago and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Chicago average rent prices in the chart below.

Monthly Rent Report

$2,350
$1,760
$1,180
$590
$0
Apr. 2024
May. 2024
Jun. 2024
Jul. 2024
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
Dec. 2024
Jan. 2025
Feb. 2025
Mar. 2025
1 BR       2 BR

Chicago Rent Prices Increase From February to March

Chicago rent prices increased over the last month. From February to March, the city experienced a 0.16% increase for the price of a one-bedroom apartment. The rent price for a Chicago one-bedroom apartments currently stands at $1,905.0.

When we take a look at the two-bedroom comparison from February to March, Chicago experienced a 0.53% increase for the price of a two-bedroom apartment. The rent price for a Chicago two-bedroom apartments currently stands at $2,089.0.

March Prices: Chicago vs. Surrounding Areas

Schaumburg, IL
Chicago, IL
Evanston, IL
Lombard, IL
Downers Grove, IL
Naperville, IL
Arlington Heights, IL
Oak Park, IL
$2,000
$1,902
$1,714
$1,604
$1,585
$1,395
$1,389
$1,337
$0
$650
$1,300
$1,950
$2,600
Median 1 BR Rent

Rent Prices in Chicago and Surrounding Areas

Rent prices have increased in Chicago over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 1 of the Chicago suburb increased last month. On the other hand, 6 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Oak Park, IL .

  • Rent decreased in Naperville, IL, Evanston, IL, Arlington Heights, IL, Lombard, IL, Schaumburg, IL, Downers Grove, IL.

  • 1 suburb is currently priced higher than the city of Chicago.

  • 6 suburbs are currently priced lower than the city of Chicago.

March 2025 Pricing Trends: Chicago vs. National Comparisons

New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
$4,076
$3,129
$2,387
$2,328
$1,905
$1,262
$1,247
$1,197
$0
$1,350
$2,700
$4,050
$5,400
Median Rent

Chicago Rent Prices More Affordable Than Major Cities

Rent growth in Chicago over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Chicago average rent prices appear to be relatively affordable for local residents.

The price for a Chicago one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Chicago and surrounding area rent prices, take a look at the complete data set below.

Data set for Chicago and suburbs

1 BR March 1 BR M/M % Change 2 BR March 2 BR M/M % Change
Chicago, IL $1,902.0 -0.16% $2,078.0 -0.67%
Oak Park, IL $1,337.0 0.22% $2,141.0 3.03%
Naperville, IL $1,395.0 -0.57% $1,846.0 0.33%
Evanston, IL $1,714.0 -0.18% $1,964.0 -5.94%
Arlington Heights, IL $1,389.0 -4.14% $1,877.0 -0.05%
Lombard, IL $1,604.0 -4.30% $1,876.0 -1.52%
Schaumburg, IL $2,000.0 -0.60% $2,392.0 -3.59%
Downers Grove, IL $1,585.0 -0.63% $1,688.0 -1.29%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.