South Loop Apartments

In 2019, the median average rent for a studio apartment in the South Loop was just above $1,000. The average rent for a 1 bedroom apartment in the South Loop was around $1,900, and it was over $2,000 for 2 bedrooms. Renters who are searching for new construction or luxury apartments will have plenty of choices in the South Loop where a construction boom has resulted in plenty of new high-rise apartment buildings going up in the past decade. The city views from South Loop apartments are some of the finest in town, and renters who are seeking out enviable views from their Chicago apartments can revel in the abundance of breathtaking Lake Michigan views as well.

South Loop apartment renters will likely find residences that tap into Chicago’s reputation for skyscrapers. Many of the apartments for rent in the South Loop are in high-rises, and some of the newest buildings to go up in the South Loop break the 500-ft barrier with plenty of room to spare. The current tallest apartment building in the South Loop checks in at an impressive 896 feet tall. Renters who want a more vertical lifestyle in their next apartment should definitely check out the South Loop.

The eastern edge of the South Loop neighborhood is defined by the shore of Lake Michigan. One prominent destination along the shore that South Loop apartment renters may want to get familiar with is Northerly Island. This piece of lakefill land was originally used as a very tiny private airfield, but it was shut down by former Chicago Mayor Richard M. Daley and subsequently converted into a nature preserve and concert venue. Apartment renters in the South Loop can walk over to this outdoor music venue to catch performances by national headlining tours and local acts alike.