ChicagoDowntown / Loop

What’s actually available for rent in the South Loop?

by Joe Zekas on 12/13/12

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.

Our featured property this week is the Park Michigan apartments. You can tour a spacious 1-bedroom model apartment in the following video:

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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{ 4 comments… read them below or add one }

pedro December 13, 2012 at 5:07 PM

What’s the vacancy rate in the S. Loop?

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Joe Zekas December 13, 2012 at 5:38 PM

Don’t have that number. If I were a bit more ambitious it would be fairly easy to determine since almost all of the buildings are listing the number of units of each type available for rent.

Since I do scan the rent ranges weekly and see the # of units available I’d ballpark the overall vacancy rate at +/- 5%. Purely a rough guesstimate.

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Simon December 14, 2012 at 4:43 PM

Not much vacancy..other than the 3 buildings that were taken over by related that they will be selling off as condos, everything else I pretty much full. I rent out condos in 24-48 hours after they come online.

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pedro December 19, 2012 at 11:56 AM

So where are these people coming from? The job market hasn’t improved that much recently.

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