Loop Rent Trends
Chicago, IL · August 2026 · median asking rents from leased listings
Data through August 2026 · Last updated September 10, 2026 · Next release: early October 2026
- Median asking rent
- $2,821
- Effective rent
- $2,795
- Vs. Chicago median
- +11%
- Avg days to lease
- 15
- Active rentals now
- 191
Median asking rent over time
Asking rentEffective rent (after concessions)Concession spread
Studio
$2,449
— YoY · as of August 2026
1 bedroom
$2,920
— YoY · as of August 2026
2 bedroom
$4,273
— YoY · as of August 2026
3+ bedroom
$5,938
— YoY · as of August 2026
Source: MLS (leased rental listings) + Abode managed communities (Dynamics 365). Figures suppressed below 10 listings/month. Methodology
Data through August 2026 · Last updated September 10, 2026 · Next release: early October 2026
Loop renting, answered
- What is the average rent in Loop?
- As of August 2026, the median asking rent in Loop is $2,821 per month, based on 391 leased listings. By size, the median is $2,920 for a 1 bedroom and $4,273 for a 2 bedroom.
- Are rents in Loop going up or down?
- Median asking rent in Loop is up 4.8% compared with a year ago.
- Is Loop more expensive than Chicago overall?
- Loop's median asking rent is 11% above the Chicago citywide median of $2,535.
- How quickly do rentals lease in Loop?
- Over the last 90 days, rentals in Loop leased in an average of 15 days, with 191 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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