South Loop Rent Trends
Chicago, IL · July 2026 · Abode managed-community data (includes concession-adjusted effective rents)
Data through July 2026 · Last updated August 7, 2026 · Next release: early September 2026
- Median asking rent
- $2,704
- Effective rent
- $2,684
- Vs. Chicago median
- +8%
- Avg days to lease
- —
- Active rentals now
- 693
Asking vs. effective rent over time
Asking rentEffective rent (after concessions)Concession spread
Studio
$2,268
+10.9% YoY · as of July 2026
1 bedroom
$2,704
+7.9% YoY · as of July 2026
2 bedroom
$3,662
+12.2% YoY · as of July 2026
3+ bedroom
$7,585
+68.6% 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
South Loop renting, answered
- What is the average rent in South Loop?
- As of July 2026, the median asking rent in South Loop is $2,704 per month, based on 746 leased listings. By size, the median is $2,704 for a 1 bedroom and $3,662 for a 2 bedroom.
- Are rents in South Loop going up or down?
- Median asking rent in South Loop is up 7.9% compared with a year ago.
- Is South Loop more expensive than Chicago overall?
- South Loop's median asking rent is 8% above the Chicago citywide median of $2,500.
Beyond the numbers
Get to know South Loop
Restaurants, parks, transit, and what living here actually feels like — in our full neighborhood guide.
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