South Loop Rent Trends
Chicago, IL · October 2026 · Abode managed-community data (includes concession-adjusted effective rents)
Data through October 2026 · Last updated November 7, 2026 · Next release: early December 2026
- Median asking rent
- $2,676
- Effective rent
- $2,652
- Vs. Chicago median
- +9%
- Avg days to lease
- —
- Active rentals now
- 638
Asking vs. effective rent over time
Asking rentEffective rent (after concessions)Concession spread
Studio
$2,207
— YoY · as of October 2026
1 bedroom
$2,667
— YoY · as of October 2026
2 bedroom
$3,534
— YoY · as of October 2026
3+ bedroom
$2,020
— YoY · as of October 2026
Source: MLS (leased rental listings) + Abode managed communities (Dynamics 365). Figures suppressed below 10 listings/month. Methodology
Data through October 2026 · Last updated November 7, 2026 · Next release: early December 2026
South Loop renting, answered
- What is the average rent in South Loop?
- As of October 2026, the median asking rent in South Loop is $2,676 per month, based on 766 leased listings. By size, the median is $2,667 for a 1 bedroom and $3,534 for a 2 bedroom.
- Is South Loop more expensive than Chicago overall?
- South Loop's median asking rent is 9% above the Chicago citywide median of $2,450.
Beyond the numbers
Get to know South Loop
Restaurants, parks, transit, and what living here actually feels like — in our full neighborhood guide.
Read the South Loop guide →Thinking about South Loop?
A dedicated Abode agent who knows the block-by-block market — free for renters.