Monthly Parking near The Loop, IL
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Find The Best The Loop Parking Near You
Looking for easy and affordable parking in The Loop? As Chicago’s central business district, The Loop draws thousands of residents and visitors every day. But high demand means parking is limited and expensive, leaving drivers with few easy options. Book with Spacer to enjoy convenient, secure, and affordable parking near your work, home, errands, or other destinations. Just browse, book, and park!
Named after the elevated train tracks that form a circuit around downtown, The Loop is Chicago’s main business and financial hub. It's also home to world-renowned architecture, theaters, and must-see landmarks like Millennium Park, The Bean, and the Chicago Riverwalk. With so much packed into one area, it’s no surprise that parking in the Loop is in high demand. Metered street parking is available but often difficult to find, with rates reaching up to $4 per hour. Many parking garages offer daily and hourly options, but prices can range from $20 to over $50 per day. Plus, strict parking regulations, such as time limits and residential permit zones, require drivers to pay close attention to signage to avoid parking fines. Spacer makes parking simple and stress-free by letting you book your spot in advance. You’ll save time, avoid circling the block, and skip the risk of fines. Plus, with affordable monthly options, you’ll save money too. Parking has never been easier or more reliable!
Booking monthly parking with Spacer is quick and easy, wherever you need regular parking in The Loop. Whether you're commuting for work, studying at Roosevelt University, attending shows at the Chicago Theatre, or need a reliable spot near Millennium Park, Spacer lets you reserve in advance for peace of mind every day. Just enter where you need parking, book your monthly spot, and you're all set!
Need parking near Midway International Airport (MDW) or O'Hare International Airport (ORD)? Book a spot today with Spacer!
What is Spacer?
Spacer is America’s leading marketplace for cheap and convenient monthly parking. We connect thousands of Renters nationwide with Hosts who offer unused driveways, garages, and other parking spots.
Our user-friendly platform makes booking a monthly parking spot quick and hassle-free. Originally founded and proven in Australia, we’re committed to making parking easier and more accessible across the U.S.
Spacer’s Money-back Guarantee
If the space’s size, location or description doesn’t match what you paid for, we’ll give you your money back. No hassles!
How much is monthly parking in The Loop?
The average price of monthly parking in The Loop is $224. However, costs can vary widely from $57 to $750, depending on the location, parking type, and available amenities.
Where is the cheapest monthly parking in The Loop?
The cheapest parking spot on Spacer in The Loop is a Surface Uncovered spot at West Farwell Avenue for $57 per month—that's just around $2 a day!
*Prices may vary upon booking, and availability is limited.
The Loop parking rates
| Parking Options | Spacer's Average Prices |
|---|---|
| Monthly Parking | $125.00 - $305.00 per month |
| 24/7 Parking | $150.00 - $313.00 per month |
| Reserved Parking | $188.00 - $300.00 per month |
| Unreserved Parking | $125.00 - $310.00 per month |
| Uncovered Parking | $107.00 - $188.00 per month |
| Covered Parking | $250.00 - $338.00 per month |
| Garage Parking | $200.00 - $300.00 per month |
| EV Charging Parking | $300.00 per month |
| Wheelchair Accessible Parking | $125.00 - $300.00 per month |
The Loop monthly parking
Looking for a long-term parking space in The Loop? For affordable and convenient monthly parking near work, home, or your favorite spots, book with Spacer. Choose from parking options in high-traffic areas like the Financial District, State Street, Millennium Park, and near major transit hubs like Union Station and Ogilvie Transportation Center.
Finding the perfect monthly parking spot in The Loop is simple with Spacer’s easy-to-use filters. Search for amenities like valet service, covered parking, EV charging, 24/7 access, or added security, and Spacer will match you with the ideal spot. You can even choose from a range of options, including private garages, driveways, and carports. Avoid high daily rates and enjoy a convenient, cheap parking solution in The Loop.
Have questions about monthly parking options in The Loop? We'd love to help! Give us a call at 1-800-339-2635.
Popular Tourist Attractions
- Millennium Park
- Art Institute of Chicago
- Cloud Gate ("The Bean")
- Buckingham Fountain
- Chicago Cultural Center
- Willis Tower Skydeck
- Grant Park
- Crown Fountain
- Jay Pritzker Pavilion
- Lurie Garden
Popular Sports Venues
- Wintrust Arena
- Credit Union 1 Arena
Popular Shopping Areas
- Macy’s State Street
- State Street Shopping District
- The Shops at North Bridge
- Block 37
Popular Entertainment Venues
- Chicago Theatre
- Goodman Theatre
- CIBC Theatre
- Cadillac Palace Theatre
- Lyric Opera of Chicago
- Auditorium Theatre
- Nederlander Theatre (Oriental Theatre)
- Harris Theater for Music and Dance
Popular Business Districts
- The Loop
- LaSalle Street Financial District
Popular Hotels
- The Langham, Chicago
- The Palmer House Hilton
- JW Marriott Chicago
- The Kimpton Gray Hotel
- Hyatt Regency Chicago
- Renaissance Chicago Downtown Hotel
- Fairmont Chicago Millennium Park
- Hilton Chicago
The Loop airport parking
The Loop is served by two major airports: Midway International Airport (MDW) and O'Hare International Airport (ORD). Midway Airport is about 10 miles from The Loop, a 20–30 minute drive. O’Hare Airport is 17 miles away, with a 30–45 minute drive depending on traffic.
O'Hare is one of the busiest airports in the world and offers a wide range of parking options, from hourly and daily parking in garages and lots, to economy options further from the terminals. Midway offers similar options, though on a smaller scale.
Heading to Midway or O’Hare? Spacer connects you with affordable, secure parking near key transit hubs in The Loop. Skip the high airport parking rates by reserving your spot in advance. We also offer parking options in nearby areas like West Loop and South Loop, providing easy access to public transit routes to both MDW and ORD.
The Loop event parking
The Loop hosts many music, fitness, arts, and cultural events all year round. From iconic traditions like the Chicago Blues Festival, the Chicago Thanksgiving Parade, and the Chicago Marathon to major events like Chicago Fashion Week, there's always something happening. To book a convenient and cheap parking spot near an event with Spacer, just enter the location and browse our listings nearby!
While The Loop itself isn't home to Chicago's major sports venues, it’s close to big stadiums where legendary teams play. Catch the Bulls and Blackhawks at the United Center, the Bears and Fire FC at Soldier Field, or head north and south for Cubs and White Sox games. Heading to a game? Booking parking for an event with Spacer is easy! Avoid cash-only lots and the stress of last-minute parking by reserving your parking spot in advance. Just search for your event’s location, find parking nearby, and book.
Featured monthly The Loop rates
It depends on the area! Some places have spots available right away, but high-demand areas might have a short waiting list. You can sign up for notifications on Spacer, and we'll let you know as soon as a spot opens up where you want it.
You can cancel within 1 day of booking without any penalty, as long as your reservation hasn’t started. If you need to cancel later, a one-month notice is required, and payment will cover the entire notice period. For more details, please refer to our Terms and Conditions.
Yes! Many of the parking spots listed on Spacer come with security features like cameras, gated access, or 24/7 monitoring. You can easily filter your search to find parking that has the security features you need.
There are no hidden fees with our monthly parking — everything is clearly outlined in the terms and conditions. For some parking spots, there may be additional charges, such as bonds, and we ensure these are clearly communicated in advance. For more information, please refer to our Terms and Conditions.
You can reach out to us by email at [email protected] or give us a call at 1-800-339-2635. We're here to answer any questions or help with your parking needs.
Spacer has helped thousands of people find safe and affordable parking across the country. We only work with trusted providers and offer lots of secure options, so you know you're in good hands.
Our Money Back Guarantee ensures peace of mind when booking with Spacer. If you're not satisfied, we've got you covered! Learn more about our policy here.
Plus, with clear pricing and real reviews from other users, you'll always know what to expect. Join thousands of happy customers who've trusted Spacer for secure and affordable parking all over the U.S.!
Parking meter rates in The Loop are $7.00 per hour, enforced 24 hours a day, 7 days a week. During nighttime hours (9:00 PM to 8:00 AM), the rate is reduced by half to $3.50 per hour.
Most parking in The Loop is paid. However, Fulton Market, about a mile west, offers free street parking, especially on evenings and weekends. Some businesses also provide validated parking, allowing for free or discounted garage parking with a qualifying purchase.
Millennium Park offers several parking options, primarily through the Millennium Garages. This includes the Millennium Park Garage, Millennium Lakeside Garage, Grant Park North Garage, and Grant Park South Garage. Rates vary depending on the garage and duration; for example, parking for up to 3 hours ranges from $10.00 to $14.00, while up to 8 hours ranges from $13.00 to $17.00. Off-site parking can be reserved in advance through services like Spacer, which offers rates as low as $15 per day.
Got a driveway, garage, or parking spot available to rent?
Did you know you can earn money by leasing your empty parking spot or garage? We are always welcoming new hosts who want to make a little extra money! There is no obligation, and it is quick and easy to list your spot with us here at spacer.
Need parking elsewhere? Search for monthly parking across The Loop
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