ChicagoDowntown / Loop

Lower-priced one-bedrooms disappearing in South Loop

by Joe Zekas on 12/27/12

The lowest-priced units rented out at several South Loop apartment buildings during the past week. At one building the lowest-priced available one-bedroom jumped by $200 in the course of a week’s time.

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.

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{ 1 comment… read it below or add one }

Clark Wellington December 28, 2012 at 11:19 AM

It’s a shame that the South Loop has such a lack of medium-price apartments. The demand is definitely there, and I think a lot of younger professionals would love to live in the neighborhood if it were more affordable. Would also help to kill off some of the wasted surface parking lots there and really increase the street life and retail scene.

I know it’s probably not the right financial move to build a medium-rent apartment building, but I’d think a conversion or smaller build might be feasible.

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