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73 E Lake
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25 W Randolph St
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939 W Washington St
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939 W Washington St
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939 W Washington St
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939 W Washington St
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5 N Dearborn St, Unit 0000
(312) 549-1120
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55 E. Washington St.
(773) 281-5252
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Pittsfield Apartments
(833) 228-2810
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200 N. Dearborn St
(773) 281-5252
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5 N Wabash Ave, Unit 1507
(312) 420-2143
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Mda City Club Apartments
(312) 260-1119
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73 E Lake St
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58 E Lake St
(618) 318-0785
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201 North Garland Ave.
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2 Michigan Ave, Unit 0000
(312) 549-1120
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111 W Wacker Dr
(312) 620-2448
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188 W Randolph St
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117 N Wells St, Unit 904
(773) 231-6213
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117 N Wells St, Unit 2519
(773) 231-6213
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188 W Randolph St
(312) 620-2448
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188 West Randolph
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Millennium Park Plaza
(312) 313-7947
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182 W Lake St
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215 West Apartments
(312) 521-5900
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Century Tower
(833) 271-6211
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The Alfred
(855) 443-5287
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Lake and Wells
(833) 362-0936
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Apartments in The Loop Chicago

1 of 849 Results
0
$1,795
208 W Washington
Chicago, IL
1 BR | May. 1, 2023
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Dog Friendly
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The Loop
2
$2,307 - 4,361
73 E Lake
5.0
73 E Lake St Chicago, IL
Studio - 2 BR | Available Now
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Heat Included
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Fitness Center
12
$2,345 - 4,805
Randolph Tower
4.0
188 W Randolph St Chicago, IL
1 - 2 BR | Available Now
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In Unit Laundry
46
$1,900 - 5,237
25 W Randolph St
Chicago, IL
Studio - 3 BR | Ask for Availability
The Loop
26
$4,276
939 W Washington St
Chicago, IL
3 BR | Ask for Availability
The Loop
12
$1,750
939 W Washington St
Chicago, IL
Studio | Ask for Availability
The Loop
15
$2,439
939 W Washington St
Chicago, IL
1 BR | Ask for Availability
The Loop
16
$2,629
939 W Washington St
Chicago, IL
1 BR | Ask for Availability
The Loop
13
$5,999
5 N Dearborn St, Unit 0000
Chicago, IL
3 BR | Available Now
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$995 - 2,600
55 E. Washington St.
Chicago, IL
Studio - 3 BR | Available Now
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The Loop
50
$1,350 - 2,395
Pittsfield Apartments
55 East Washington St Chicago, IL
Studio - 3 BR | Available Now
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The Loop
0
$2,295 - 2,595
200 N. Dearborn St
Chicago, IL
1 BR | Available Now
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The Loop
19
$1,500
5 N Wabash Ave, Unit 1507
Chicago, IL
1 BR | Available Now
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The Loop
63
$1,805 - 3,315
Mda City Club Apartments
63 East Lake St. Chicago, IL
Studio - 2 BR | Available Now
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Balcony, Deck, Patio
82
$2,062 - 2,630
73 E Lake St
Chicago, IL
1 - 2 BR | Ask for Availability
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Section 8
Air Conditioning
Balcony, Deck, Patio
19
$2,559 - 3,699
58 E Lake St
Chicago, IL
1 - 2 BR | Available Now
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Balcony, Deck, Patio
68
$2,026 - 3,621
201 North Garland Ave.
Chicago, IL
Studio - 2 BR | Ask for Availability
The Loop
8
$2,550
2 Michigan Ave, Unit 0000
Chicago, IL
2 BR | Available Now
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10
$2,475
111 W Wacker Dr
Chicago, IL
Studio | Available Now
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Balcony, Deck, Patio
90
$1,815 - 3,895
188 W Randolph St
Chicago, IL
Studio - 2 BR | Ask for Availability
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In Unit Laundry
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11
$2,600
117 N Wells St, Unit 904
Chicago, IL
1 BR | May. 1, 2023
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The Loop
9
$2,200
117 N Wells St, Unit 2519
Chicago, IL
1 BR | May. 1, 2023
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The Loop
10
$3,080
188 W Randolph St
Chicago, IL
2 BR | Available Now
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16
$2,000
188 West Randolph
Chicago, IL
1 BR | Ask for Availability
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Section 8
The Loop
22
$1,875
Millennium Park Plaza
3.4
151 N Michigan Ave Chicago, IL
1 BR | Ask for Availability
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93
$1,710 - 3,775
182 W Lake St
Chicago, IL
Studio - 3 BR | Ask for Availability
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35
3D Tour
$1,950 - 6,057
215 West Apartments
Deal
215 West Washington Chicago, IL
Studio - 2 BR | Available Now
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17
$ Ask - 2,575
Century Tower
182 Lake Street W Chicago, IL
Studio - 2 BR | Available Now
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15
$1,790 - 3,055
The Alfred
30 East Adams St. Chicago, IL
Studio - 2 BR | Available Now
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71
3D Tour
$1,950 - 4,425
Lake and Wells
Deal
210 N. Wells Chicago, IL
Studio - 2 BR | Available Now
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1 - 30 of 849 Results
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  2. Chicago
  3. The Loop

How much does it cost to rent an apartment in Chicago?

Chicago Apartments
Bed Type Average Rent Range
Studio $1,300 $800 - $2,300
1BR $1,890 $910 - $3,010
2BR $2,130 $1,000 - $4,390
3BR $2,600 $1,170 - $7,000
4+BR $3,240 $1,300 - $14,490
Frequently Asked Questions

How many apartments are available in Chicago, IL on Rentable.co?

Rentable.co has over 178,911 apartments available in Chicago.

What is the average rent for a studio apartment in Chicago, IL?

The average rent for a studio apartment in Chicago is around $1,300 per month.

What is the average rent for a one-bedroom apartment in Chicago, IL?

The average rent for a one-bedroom apartment in Chicago is around $1,890 per month.

What is the average rent for a two-bedroom apartment in Chicago, IL?

The average rent for a two-bedroom apartment in Chicago is around $2,130 per month.

How expensive is living in Chicago, IL?

Based on average rent prices in Chicago, to afford a studio apartment you would need an annual salary of $52,000 to live comfortably.

The Loop Neighborhood Summary

This is the area most people are talking about when they say “downtown Chicago” — the second most important commercial district in the U.S. The Loop, Chicago’s central business district, houses brands like MillerCoors, Morningstar, Exelon Corporation, Morton Salt, and dozens more companies that add up to more than a quarter of Chicago’s job market. For the less business-minded, the North Loop also has two main widely renowned features: The Willis Tower and Millennium Park. Willis Tower, formerly known as the Sears Tower, is the U.S.’s second-tallest building — second to the One World Trade Center in NYC — at 108 stories. Millennium Park is where you’ll find Anish Kapoor’s “Cloud Gate” (aka “that iconic mirrored bean sculpture”) as well as the incredible Jay Pritzker Pavilion, which is actually classified as a work of art. Naturally, the neighborhood is also exploding with culture: the Chicago Cultural Center, Art Institute of Chicago, and the Theater District are all in The Loop.

Although it’s a predominantly business-driven area, there are several rental options in The Loop. However, living in one of the world’s centers for culture and commerce comes at a price, with some monthly rents topping $12,000. Fortunately, they mainly range from $2,000 to $3,000, and are readily available year-round.

Asset 2
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Chicago:
March Rent Report

Welcome to the March 2023 Chicago Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the March 2023 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

Chicago Rent Prices Increase From February to March

Chicago rent prices increased over the last month. From February to March, the city experienced a 0.87% increase for the price of a one-bedroom apartment. The rent price for a Chicago one-bedroom apartments currently stands at $1,850.0.

When we take a look at the two-bedroom comparison from February to March, Chicago experienced a -0.55% decrease for the price of a two-bedroom apartment. The rent price for a Chicago two-bedroom apartments currently stands at $2,154.0.

March Prices: Chicago vs. Surrounding Areas

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 Evanston, IL, Lombard, IL, Naperville, IL, Arlington Heights, IL, Downers Grove, IL, Schaumburg, IL.

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

March 2023 Pricing Trends: Chicago vs. National Comparisons

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 $1,834.0 1.83% $2,166.0 0.84%
Evanston, IL $1,466.0 -4.93% $1,759.0 -0.73%
Lombard, IL $1,703.0 -1.62% $2,416.0 -2.03%
Naperville, IL $1,501.0 -0.33% $1,858.0 -1.85%
Arlington Heights, IL $1,399.0 -1.62% $1,628.0 -1.75%
Oak Park, IL $1,218.0 0.66% $1,673.0 -3.18%
Downers Grove, IL $1,582.0 -0.06% $1,672.0 -0.42%
Schaumburg, IL $1,577.0 -4.08% $1,946.0 0.31%

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.