The most noticeable trend this past week was a modest upward drift in South Loop rents almost across the board, tracking a slight downtick in the number of units available in several buildings.
Last week the lowest-priced studio at Astoria Tower, one of our sponsors, was $1,520. One became available this week for $1,360. Two-bedroom ,two-bath units in the building became available at significantly lower prices during the week: $1,810 to $2,100.
At Park Michigan, also a sponsor, a $1,285 studio came on the market – the lowest price at managed apartment buildings in the South Loop. The rent for available one-bedrooms in the building rose by approximately 10 percent.
If you want to rent in the South Loop, you can see all of your managed apartment building options on YoChicago’s South Loop availability list.
There are only a dozen large apartment complexes in the South Loop, and we’ve listed all of them in this Google spreadsheet, and checked what’s available for rent, and what the rents are, in all of them. The spreadsheet is accurate as of the close of business yesterday. Rents listed are for 12-month leases for apartments available now through next month. All of the buildings accept cats and dogs subject, in some cases, to weight and breed restrictions.
Our spreadsheet contains links to each building, links to videos where available, and links to near real-time availability checks for the buildings that offer that feature. The spreadsheet, which is updated weekly, also has links to several reputable major brokerage sites where you can search MLS-listed condos and townhomes available for rent.
If you’ve been searching Craigslist for South Loop apartments you already know you’re wasting a lot of time and encountering a lot of bait-and-switch ads. You’re unlikely to find anything at Craigslist that you won’t find through Yo’s list.
If you’re considering working with a rental service / finder, consider the twenty-five things rental services won’t tell you. Consult our do-not-call list for the rental services – virtually all of them – that engage in deceptive behavior, or worse. Support our Craigslist Apartment Cleanup campaign by liking our Facebook page.
We think there’s no faster or easier way to find your next apartment in the South Loop than our availability list. If you know someone who’s looking to rent in the South Loop, send them a link to this post or to the spreadsheet. If you’d prefer to rent a condo, virtually all of them are listed in the MLS and can be searched at reputable broker sites. Show your support for YoChicago by visiting the website of one of our parent firm’s clients.