The Loop, Chicago, IL

The Loop Neighborhood Guide Chicago, IL

About

The Loop is a vibrant and bustling neighborhood in the heart of downtown Chicago, Illinois. It's enveloped by the Chicago River to the west and north, Lake Michigan to the east, and Roosevelt Road to the south. The Loop is packed with iconic Chicago landmarks, including the Art Institute of Chicago, Grant Park, and Millennium Park, as well as a plethora of shops, restaurants, and theaters along the famous Magnificent Mile.

What You Will Love about The Loop, Chicago, Illinois

  • The Loop is a cultural haven, boasting several museums, galleries, and theaters, including the renowned Chicago Theatre.
  • This neighborhood is home to a thriving business district, making it an ideal location for those seeking career opportunities.
  • Residents and visitors alike enjoy the convenience of having Grant and Millennium parks right in their backyard, offering ample outdoor space for rest and recreation.

What’s Nearby

The Loop is just steps away from the scenic Lake Michigan, offering stunning views and water activities. It is also closely located to Navy Pier, one of Chicago’s top tourist destinations, and the bustling shopping district along Michigan Avenue.

The Rental Market

Rent in The Loop, Chicago, is on the pricier end, reflecting the neighborhood's desirability and central location. On average, a 1-bedroom apartment rents for around $2,804 per month. Prices can range from a minimum average of $2,478 to a maximum average of up to $4,086.

Rental Price Stability

With a standard deviation of $442.96, rental prices in The Loop have shown some variation over the past year. However, even at its highest average price of $4,086, the area proves its worth with its host of amenities and prime location.

Lifestyle

Life in The Loop is dynamic, energetic, and cultured, catering to a wide variety of interests and lifestyles. Whether you're an art enthusiast, an outdoor lover, a foodie, or a business professional, The Loop offers a unique blend of urban convenience and cultural richness. Living here means having the best of Chicago right at your doorstep.

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See best properties in this area

Explore the Neighborhood

There are 985 restaurants, 108 grocery stores, and 148 parks within a mile of the The Loop neighborhood.

  • GROCERY
    Beatrix Market

    Retail, Food and Beverage Retail, Grocery Store

    0.1 miles

    23 E Jackson Blvd

  • GROCERY
    Friend That Cooks Personal Chefs

    Business and Professional Services, Office, Business and Strategy Consulting Office, Retail, Food and Beverage Retail, Grocery Store

    0.1 miles

    332 S Michigan Ave

  • SHOPPING
    Target

    Retail, Big Box Store

    0.2 miles

    1 S State St

  • SHOPPING
    Arcelormittal USA

    Retail, Warehouse / Wholesale Store

    0.3 miles

    1 S Dearborn St

  • SHOPPING
    Tradeguider Systems

    Retail, Warehouse or Wholesale Store

    0.3 miles

    111 W Jackson Blvd

  • GROCERY
    Manhattan Mart

    Retail, Food and Beverage Retail, Grocery Store, Liquor Store

    0.3 miles

    424 S Clark St

The Loop Apartments and Rentals

2341 Rental properties in The Loop, Chicago, IL.

  • Presidential Towers property

    $1,630+

    Presidential Towers

    Studio–2 Beds • 1–2 Baths

    471–1101 Sqft

    9 Units Available

  • Wells Place Luxury Apartments property

    $2,427+

    Wells Place Luxury Apartments

    1–2 Beds • 1–2 Baths

    782–1170 Sqft

    3 Units Available

  • Park Michigan Apartments property

    $1,717+

    Park Michigan Apartments

    Studio–2 Beds • 1–2 Baths

    555–1055 Sqft

    3 Units Available

  • Lofts at River East property

    $2,155+

    Lofts at River East

    Studio–3 Beds • 1–2 Baths

    662–1739 Sqft

    9 Units Available

  • 777 South State property

    $1,700+

    777 South State

    Studio–3 Beds • 1–2 Baths

    578–1894 Sqft

    10+ Units Available

  • 73 East Lake property

    $2,916+

    73 East Lake

    Studio–2 Beds • 1–2 Baths

    682–1246 Sqft

    10+ Units Available

Cost of Living

basic bar chart art
CategoryCompare to State Avg.Compare to National Avg.
housing
15.2%
39.2%
utilities
0.2%
8.9%
food
1.6%
3.4%
transportation
0%
5.8%
healthcare
3.4%
7.3%

The Loop Demographics

people in their homes

The Loop Transportation

walk bike and transit

Walker’s Paradise

96/100
Walk Score®
The Walk Score© measures walkability on a scale of 0-100 based on walking routes to destinations such as dining and drinking, groceries, and shopping.

Very Bikeable

86/100
Bike Score®

Rider’s Paradise

100/100
3 train stops, 2 other stops

Car Shipping Brokers

Other

156 S Michigan Ave

That Startup Girl Consulting Chicago

Other

332 S Michigan Ave

Van Buren Street Station

Train Stop

132 E Van Buren St

Source: foursquare.com

The Loop Schools

Neighborhoods Around The Loop

NeighborhoodStudioAvg RentAnnual Change
West LoopNeighborhood in Chicago, Illinois$2,630
106%
Near North SideNeighborhood in Chicago, Illinois$1,685
6%
River NorthNeighborhood in Chicago, Illinois$2,000--
Lincoln ParkNeighborhood in Chicago, Illinois$1,402
17%
North SideNeighborhood in Chicago, Illinois$1,370
14%
Printer's RowNeighborhood in Chicago, Illinois----
Near West SideNeighborhood in Chicago, Illinois$2,198
2%
River WestNeighborhood in Chicago, Illinois$1,900--
StreetervilleNeighborhood in Chicago, Illinois$2,057
16%
West SideNeighborhood in Chicago, Illinois$2,198
72%
Gold CoastNeighborhood in Chicago, Illinois$1,650
1%
Fulton MarketNeighborhood in Chicago, Illinois$2,500
0%
Old TownNeighborhood in Chicago, Illinois----
Logan SquareNeighborhood in Chicago, Illinois$1,600--
Near East SideNeighborhood in Chicago, Illinois$2,625
11%
Fulton River DistrictNeighborhood in Chicago, Illinois$2,594--
Near South SideNeighborhood in Chicago, Illinois$2,057
2%
Lake View EastNeighborhood in Chicago, Illinois$1,332
10%
West TownNeighborhood in Chicago, Illinois$2,070
38%
Prairie ShoresNeighborhood in Chicago, Illinois----
Wicker ParkNeighborhood in Chicago, Illinois$1,600--
Little ItalyNeighborhood in Chicago, Illinois$2,247
4%
GreektownNeighborhood in Chicago, Illinois$1,370
7%
BronzevilleNeighborhood in Chicago, Illinois----
BucktownNeighborhood in Chicago, Illinois$1,600--
Ukrainian VillageNeighborhood in Chicago, Illinois$1,450--
BridgeportNeighborhood in Chicago, Illinois----
Lake MeadowsNeighborhood in Chicago, Illinois$1,369--
Park WestNeighborhood in Chicago, Illinois$1,222
10%
Lower West SideNeighborhood in Chicago, Illinois$2,500--