Loop Rent Trends
Chicago, IL · July 2026 · median asking rents from leased listings
Data through July 2026 · Last updated August 7, 2026 · Next release: early September 2026
- Median asking rent
- $2,750
- Effective rent
- $2,750
- Vs. Chicago median
- +10%
- Avg days to lease
- 13
- Active rentals now
- 316
Median asking rent over time
Asking rentEffective rent (after concessions)Concession spread
1 bedroom
$2,500
+8.7% YoY · as of July 2026
2 bedroom
$2,938
-9.6% YoY · as of July 2026
Source: MLS (leased rental listings) + Abode managed communities (Dynamics 365). Figures suppressed below 10 listings/month. Methodology
Data through July 2026 · Last updated August 7, 2026 · Next release: early September 2026
Loop renting, answered
- What is the average rent in Loop?
- As of July 2026, the median asking rent in Loop is $2,750 per month, based on 35 leased listings. By size, the median is $2,500 for a 1 bedroom and $2,938 for a 2 bedroom.
- Are rents in Loop going up or down?
- Median asking rent in Loop is up 3.8% compared with a year ago.
- Is Loop more expensive than Chicago overall?
- Loop's median asking rent is 10% above the Chicago citywide median of $2,500.
- How quickly do rentals lease in Loop?
- Over the last 90 days, rentals in Loop leased in an average of 13 days, with 316 active listings on the market right now.
Beyond the numbers
Get to know Loop
Restaurants, parks, transit, and what living here actually feels like — in our full neighborhood guide.
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