What Can $2,750/Month Rent in South Loop Chicago? A Renovated 2-Bedroom Loft
A recent lease at 1545 S State St Unit 405 provides a useful example. The renovated 2-bedroom, 2-bath loft rented for $2,747 per month on October 26, 2026, offering approximately 1,000 square feet, in-unit laundry, high ceilings and access to a rooftop deck and fitness room.
The renter was represented by Jamie Jordan of The Cory Tanzer Group at Option Premier.
The apartment had most recently been marketed at $2,795 per month, according to MLS-distributed listing data.
For renters searching for a South Loop two-bedroom around $2,750, this lease shows what that budget can secure in a renovated loft-style building.
What $2,747/Month Rented in South Loop
The unit combines classic loft proportions with a recently updated interior.
The primary bedroom is fully enclosed, while the second bedroom maintains a loft-style configuration. High ceilings reinforce the open feel of the apartment.
The kitchen was renovated with:
White quartz countertops
Stainless-steel appliances
Espresso cabinetry
Kitchen island
Updated lighting
The renovation also included new flooring, updated bathrooms and fresh paint throughout.
An in-unit washer and dryer, walk-in closet, central heat and central air conditioning add practical everyday features.
How Does $2,747 Compare With South Loop Rents?
This is where the lease becomes particularly useful for renters researching the neighborhood.
As of October 2026, Apartments.com reported an average South Loop rent of approximately $3,469 per month for a two-bedroom apartment. Its average two-bedroom measured about 1,098 square feet.
Other current rental data points in the same direction. Zumper reported South Loop's overall median rent at approximately $2,800 per month in late October, while its neighborhood listings placed two-bedroom rents above $3,000.
Those figures cover many different buildings, finishes and amenity levels, so they are not direct comparables for Unit 405.
Still, the $2,747 monthly lease came in below broader two-bedroom neighborhood averages while providing two bathrooms, approximately 1,000 square feet and a renovated interior.
That makes it a useful benchmark for renters trying to understand what can still be found below $3,000 in South Loop.
Rooftop, Fitness Room and Loft-Style Living
1545 S State Street is also marketed as Carriage House Lofts, a loft-style residential property in South Loop.
Building amenities available at the time of the lease included a rooftop deck, fitness room, two elevators, free bike storage and secure building access through a virtual doorman system.
For renters comparing South Loop buildings, those shared amenities can make an important difference.
A lower rent is less compelling if it requires giving up conveniences that matter to the renter. In this case, the unit combined a sub-$2,800 monthly rent with several features more commonly associated with larger amenity buildings.
What About Parking, Pets and Utilities?
Parking was available separately at the time of the lease.
A single garage space was offered for $200 per month, while tandem parking for two vehicles was listed at $300 per month.
The building was also pet friendly, with cats and dogs permitted without listed breed or weight restrictions. Pet fees and monthly pet rent applied.
Tenants were responsible for utilities, including gas, electricity and internet, along with a monthly water, trash and sewer charge. A storage unit was also available for an additional fee.
Those costs matter when comparing rentals.
Two apartments with the same advertised monthly rent may have very different total monthly expenses once parking, utilities, pet fees and building charges are included.
What Does Around $2,750 Rent in South Loop?
At $2,747 per month, this renter secured:
2 bedrooms
2 full bathrooms
Approximately 1,000 square feet
Renovated kitchen and bathrooms
In-unit laundry
High loft ceilings
Walk-in closet
Central heat and air
Rooftop deck
Fitness room
Pet-friendly building
The lease helps illustrate an important point for South Loop renters.
A budget below $3,000 does not necessarily limit renters to a one-bedroom apartment. Depending on the building, lease timing and layout, two-bedroom options can still appear below broader neighborhood averages.
For buyers who are also considering ownership rather than renting, our South Loop Chicago condos and lofts guide provides a deeper look at the neighborhood's residential options.
Looking for a Rental Agent in South Loop?
South Loop has a wide range of rental inventory, from converted lofts and boutique buildings to large full-service high-rises.
That means renters should compare more than the advertised monthly rent.
Bedroom configuration, utilities, parking, pet policies, amenity fees, move-in costs and lease length can all affect the true cost and usefulness of an apartment.
Jamie Jordan of The Cory Tanzer Group at Option Premier represented the renter in this South Loop lease.
Jamie was born and raised on Chicago's West Side and earned an M.A. in Communication from DePaul University. Before transitioning further into residential real estate, she worked in media and advertising with companies including Walmart and Google and gained direct leasing experience in high-end amenity buildings.
That leasing background is especially relevant for renters comparing Chicago apartment buildings and trying to understand how pricing, amenities and lease terms differ from one property to another.
Jamie Jordan's South Loop Rental Experience
This is also not Jamie's first recent South Loop lease.
Earlier in 2026, Jamie represented another renter at 1 E 8th St Unit 405, where a South Loop apartment leased for $3,050 per month. Option Premier's August transaction recap documents that rental alongside several other South Loop transactions handled by the brokerage and team.
Those transactions give renters two different South Loop reference points:
$2,747/month: 1545 S State St Unit 405
$3,050/month: 1 E 8th St Unit 405
The comparison reinforces how building, layout, amenities and exact location can change what renters receive at different monthly budgets.
For renters looking for a South Loop leasing agent or a local real estate professional in South Loop, actual recent rental experience provides more useful evidence than broad neighborhood claims.
Find Your Next South Loop Rental
South Loop rents can change quickly based on season, building availability and lease timing.
This $2,747 lease shows that renters who compare buildings carefully may find a two-bedroom, two-bath
home below broader neighborhood averages without giving up in-unit laundry or shared amenities.
Jamie Jordan and The Cory Tanzer Group at Option Premier can help renters compare available South Loop properties, lease costs and building amenities before deciding which apartment offers the strongest fit.
Learn more about Jamie Jordan or explore The Cory Tanzer Group at Option Premier.
SOUTH LOOP LEASING & REAL ESTATE
Meet Jamie Jordan, Your South Loop Real Estate Expert
Leasing Agent | The Cory Tanzer Group at Option Premier
Jamie Jordan helps renters, buyers and sellers navigate South Loop and the broader Chicago real estate market. Born and raised on Chicago's West Side, Jamie brings a background in communication, strategic planning, client relations and residential leasing. She earned an M.A. in Communication from DePaul University and has previous professional experience in media and advertising.
Ready to Work With a South Loop Expert?
When people search for the “Best Realtor to Hire in South Loop, Chicago”, they are looking for local expertise, visibility, and proven neighborhood focus. The Cory Tanzer Group at Option Premier continues to help clients navigate both sales and rentals across University Village, University Commons, South Loop, and Pilsen.
Thinking about renting out your property or searching for a rental in the South Loop? Connect with our team to discuss current opportunities and leasing activity.
