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$849 - $1,6862 to 4 Bedroom Apartments Available Aug 21
Dwight Lofts
642 S Clark StChicago, IL 60605
Cheap Apartments for Rent in the Chicago Loop Neighborhood of Chicago, IL from $800 (318 Rentals)
Search the lowest-cost Apartments available for rent right now in the Chicago Loop area of Chicago.
740 S Federal St, Unit 504
740 S Federal St
ChicagoIL60605
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$1,253 - $2,138Studio to 2 Bedroom Apartments Available Now
Gramercy Row Apartments
660 N Dearborn StChicago, IL 60654
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$1,434 - $1,978
Total Monthly Price
Studio to 1 Bedroom Apartment Available NowTotal Monthly Price
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$1,434 - $1,978
Total Monthly Price
$1,434 - $1,978
1136 N La Salle Dr
1136 N La Salle DrChicago, IL 60610
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$1,466 - $7,513Studio to 4 Bedroom Apartments Available Now
Straits Row
633 S La Salle StChicago, IL 60605
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$1,5001 Bedroom Apartments Available Now
340 W Superior St, Unit 101
340 W Superior StChicago, IL 60654
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$1,530 - $2,0351 to 3 Bedroom Apartments Available May 22
Lakeside 800
800-808 N State StChicago, IL 60610
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$1,625 - $2,699Studio to 2 Bedroom Apartments Available Now
820 Michigan by 3L Living
820 S Michigan AveChicago, IL 60605
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$1,650 - $3,295Studio to 3 Bedroom Apartments Available Apr 30
Pittsfield Apartments
55 E Washington StChicago, IL 60602
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$1,670Studio Apartments Available Aug 1
188 N Wells St, Unit SI FL3-ID1236
188 N Wells StChicago, IL 60606
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
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$1,675 - $2,500Studio to 1 Bedroom Apartments Available Now
440 N. Wabash Ave.
440 N Wabash AveChicago, IL 60611
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$1,715 - $3,745Studio to 2 Bedroom Apartments Available Now
MDA Apartments
63 E Lake StChicago, IL 60601
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$1,725 - $4,705Studio to 3 Bedroom Apartments Available Now
Axis Apartments and Lofts
441 E Erie StChicago, IL 60611
233 E Erie St, Unit 1908, Unit 1908
233 E Erie St
ChicagoIL60611
70 Huron W St, Unit 1101, Unit 1101
70 Huron W St
ChicagoIL60654
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$1,850Studio Apartments Available Now
688 N LaSalle St, Unit 688 N Lasalle
688 N LaSalle StChicago, IL 60654
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$1,865 - $2,574
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Studio to 1 Bedroom Apartment Available NowTotal Monthly Price
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$1,865 - $2,574
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$1,865 - $2,574
102 W Chicago Ave
102 W Chicago AveChicago, IL 60654
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$1,870 - $2,290Studio to 1 Bedroom Apartments Available Now
330 S. Wells St
330 S Wells StChicago, IL 60606
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$1,887Studio Apartments Available Jun 1
1011 S Michigan Ave, Unit 1707
1011 S Michigan AveChicago, IL 60605
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$1,895 - $3,225Studio to 2 Bedroom Apartments Available Now
The Alfred
30 E Adams StChicago, IL 60603
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
230 E Ontario St, Unit 2203
230 E Ontario St
ChicagoIL60611
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$1,9101 Bedroom Apartments Available Aug 1
188 N Wells St, Unit SI FL3-ID1240
188 N Wells StChicago, IL 60606
57 E 8th St
ChicagoIL60605
1120 S Michigan Ave, Unit 1404
1120 S Michigan Ave
ChicagoIL60605
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$1,925 - $3,670Studio to 3 Bedroom Apartments Available Now
Fisher Building Apartments
343 S Dearborn StChicago, IL 60604
401 E Ontario St
ChicagoIL60611
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$1,927 - $7,231
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Studio to 4 Bedroom Apartments Available NowTotal Monthly Price
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$1,927 - $7,231
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Imprint
717 S Clark StChicago, IL 60605
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$1,930Studio Apartments Available Nov 16
1000 S Michigan Ave, Unit SI FL25-ID1349
1000 S Michigan AveChicago, IL 60605
713 S Clark St
ChicagoIL60605
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$1,948 - $4,303Studio to 2 Bedroom Apartments Available Now
Columbus Plaza
233 E Wacker DrChicago, IL 60601
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
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$1,950 - $3,500Studio to 1 Bedroom Apartments Available Now
Marina City
300 N State StChicago, IL 60654
300 N State St, Unit 2504
300 N State St
ChicagoIL60654
300 N State St, Unit # 02504, Unit # 02504
300 N State St
ChicagoIL60654
300 N State St, Unit 2504, Unit 2504
300 N State St
ChicagoIL60654
300 N State St, Unit 2504, Unit 2504
300 N State St
ChicagoIL60654
300 N State St, Unit 2504, Unit 2504
300 N State St
ChicagoIL60654
901 S Plymouth Ct
ChicagoIL60605
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$1,959 - $3,3791 to 3 Bedroom Apartments Available Now
731 Plymouth by 3L Living
731 S Plymouth CtChicago, IL 60605
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$1,965 - $3,895Studio to 3 Bedroom Apartments Available Now
Millennium Park Plaza
151-155 N Michigan AveChicago, IL 60601
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$1,965 - $3,9011 to 3 Bedroom Apartments Available Apr 23
The Regal Apartments
651 S Wells StChicago, IL 60607
Chicago Relocation 101: Mastering Utilities, Registration, and the CTA
Moving to Chicago? This essential relocation guide offers a complete checklist for new residents, covering finding the right neighborhood, setting up utilities (ComEd, People’s Gas), and mastering high-rise moving logistics and vehicle registration.
635 S Clark St
ChicagoIL60605
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$1,967 - $8,266Studio to 3 Bedroom Apartments Available Now
The Elle Apartments
801 S Financial PlChicago, IL 60605
323 E Ontario St
ChicagoIL60611
440 N Wabash Ave, Unit 2503, Unit 2503
440 N Wabash Ave
ChicagoIL60611
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$1,995 - $9,994Studio to 3 Bedroom Apartments Available Now
North Harbor Tower
175 N Harbor DrChicago, IL 60601
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$1,995 - $2,445Studio to 1 Bedroom Apartments Available Now
320 N. Michigan
320 N Michigan AveChicago, IL 60601
230 E Ontario St, Unit 1203, Unit 1203
230 E Ontario St
ChicagoIL60611
200 W Superior St, Unit 2706B, Unit 2706B
200 W Superior St
ChicagoIL60654
130 N Garland Ct
ChicagoIL60602
233 E Erie St, Unit 1902, Unit 1902
233 E Erie St
ChicagoIL60611
Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago
Learn about the best things about living in Chicago from a local in the Insiders Guide to Renting in Chicago. Find your perfect Chicago apartment today!
Chicago Loop, Chicago, IL Local Guide
Overview by bz3rk is licensed under CC BY 2.0
How much does it cost to rent an apartment in Chicago Loop?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Chicago Loop Studio Apartments | $2,452 | $1,253 | $4,900 |
| Chicago Loop 1 Bedroom Apartments | $3,058 | $1,530 | $10,000+ |
| Chicago Loop 2 Bedroom Apartments | $4,384 | $849 | $10,000+ |
| Chicago Loop 3 Bedroom Apartments | $6,446 | $999 | $10,000+ |
| Chicago Loop 4 Bedroom Apartments | $2,424 | $879 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 318 rentals with your search options within a 1 mile radius of the Chicago Loop Neighborhood of Chicago, IL.
See all Apartments in ChicagoExplore Chicago
Chicago Loop, Chicago, IL Local Guide
- Nearby Chicago neighborhoods
- Nearby Cities
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- Local Counties
- School Districts
Cheapest Available Chicago Loop Apartments for Rent
The cheapest available apartment rental in the Chicago Loop area of Chicago, IL is a Studio unit found at Gramercy Row Apartments priced from $1,409. 440 N. Wabash Ave. has the second lowest priced unit, which is a Studio apartment currently listed from $1,675. Here are the most affordable Chicago Loop apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Gramercy Row Apartments | Studio Floor Plan S15 | Studio,1BA | $1,409 |
| 440 N. Wabash Ave. | Studio | Studio,1BA | $1,675 |
| 820 Michigan by 3L Living | Studio East | Studio,1BA | $1,719 |
| Axis Apartments and Lofts | Studio | Studio,1BA | $1,880 |
| The Alfred | A3 | Studio,1BA | $1,895 |
| MDA Apartments | S2N - Modern | Studio,1BA | $1,925 |
| Fisher Building Apartments | A1 | 1BR,1BA | $1,925 |
| Marina City | Studio | Studio,1BA | $1,950 |
| Millennium Park Plaza | Studio | Studio,1BA | $1,965 |
Best Value Apartments for Rent in Chicago Loop, IL
As of April 16, 2026 the best value apartment in the Chicago Loop area is the $3.10 price per square foot 441 E Ohio St Model at 441 E Ohio St, Unit 2 in the in the Magnificent Mile neighborhood starting from $4,377. The second greatest value Chicago Loop apartment is the 2 Bed 2 Bath B1 Model at Wells Place Apartments starting at $3,078 with a $2.85 price per square foot in the Near South Side neighborhood. Here is today’s list of the best values for Chicago Loop apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 441 E Ohio St, Unit 2 | 441 E Ohio St | 2BR,2BA | $3.10 |
| Wells Place Apartments | 2 Bed 2 Bath B1 | 2BR,2BA | $2.85 |
| 731 Plymouth by 3L Living | 2 Bedroom East | 2BR,1BA | $2.18 |
| 680 S Federal St, Unit Apt 808 | 680 S Federal St | 1BR,1BA | $2.25 |
| 10 E. Ontario St. | 1 Bedroom | 1BR,1BA | $2.11 |
| Asbury Plaza | Deluxe One Bedroom | 1BR,1BA | $2.88 |
| Student | The Flats East West | 3x2 | 3BR,2BA | $1.23 |
| Fisher Building Apartments | A7 | 1BR,1BA | $3.02 |
| Columbus Plaza | 1 Bedroom Elite | 1BR,1BA | $2.99 |
| 777 South State | One Bedroom | 1BR,1BA | $2.81 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleBest Neighborhoods to Rent in Near Chicago's Top Employers: A Guide for Renters
A Local Expert's Guide to The 10 Best Chicago Neighborhoods near Major Local Employers. Find your perfect Chicago, IL apartment, condo, or rental home today at ApartmentHomeLiving.com
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleA Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Chicago, IL metro area for affordable living. Find your perfect Chicago Student apartment, condo, or rental home today at ApartmentHomeliving.com
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Lifestyle Ratings
ApartmentHomeLiving.com works hard to bring you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, cities and towns, and rental properties across Illinois, including Chicago. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including filtering automatically for outdoor amenities like tennis courts, luxury housing options, kid and pet-friendly communities, availability of transit options, walking, and biking. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap Chicago Loop Apartments
What is the Cheapest Studio apartment in Chicago Loop?
Currently the most affordable Cheap Studio Apartment in Chicago Loop is at Gramercy Row Apartments listed at $1,409.
How much is rent for a Cheap One Bedroom Chicago Loop Apartment?
The lowest price for a Cheap One Bedroom Chicago Loop Apartment is $1,925 at Fisher Building Apartments.
What is the lowest price for a Cheap Two Bedroom Chicago Loop Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Chicago Loop is starting from $2,199 at 731 Plymouth by 3L Living.
What is the most affordable Chicago Loop Three Bedroom Apartment?
The best deal on a cheap Chicago Loop Three Bedroom Apartment rental is at Millennium Park Plaza and starts from $3,795.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Helpful Local Expert Guides
A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago
Written by: Nicole Harms
I’m Nicole, your ApartmentHomeLiving.com Local Expert for Chicago, IL. As a resident of the Chicago area for over 20 years, I’ve learned which neighborhoods are great and which are best avoided.
Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
Written by: Nicole Harms
With world-class museums lining its streets, Chicago is a place people go to learn. It’s not surprising, therefore, that it’s also home to multiple colleges and universities with national and global reputations.
Best Neighborhoods to Rent in Near Chicago's Top Employers
Written by: Nicole Harms
Whenever life takes me into the city, I’m always impressed with the sheer amount of industry and commerce that it holds. With all of that commerce comes a wide range of employment options.
Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago
Written by: Nicole Harms
From Lake Shore Drive to the O’Hare Airport, the city of Chicago is a study in diversity, resilience, and culture.
Articles, How-To's, and Tips
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.