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$1,199 - $5,997Studio to 4 Bedroom Apartments Available Now
626 on the Park
626 S Wabash AveChicago, IL 60605
Cheap Apartments for Rent in the Chicago Loop Neighborhood of Chicago, IL from $949 (286 Rentals)
Search the lowest-cost Apartments available for rent right now in the Chicago Loop area of Chicago.
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$1,224 - $2,372Studio to 2 Bedroom Apartments Available Now
Gramercy Row Apartments
660 N Dearborn StChicago, IL 60654
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$1,299 - $2,457Studio to 4 Bedroom Apartments Available Now
Straits Row
633 S La Salle StChicago, IL 60605
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$1,400
Total Monthly Price
Base Rent$1,400
Total Monthly Price$1,400
188 N Wells St, Unit SI FL3-ID1236
188 N Wells StChicago, IL 60606
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$1,460
Total Monthly Price
Base Rent$1,460
Total Monthly Price$1,460
61 W Erie St, Unit SI FL3-ID1402
61 W Erie StChicago, IL 60654
401 E Ontario St
ChicagoIL60611
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$1,510
Total Monthly Price
Base Rent$1,510
Total Monthly Price$1,510
61 W Erie St, Unit SI FL2-ID1396
61 W Erie StChicago, IL 60654
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$1,600 - $2,200
Total Monthly Price
Base Rent$1,600 - $2,200
Total Monthly Price$1,600 - $2,200
1136 N La Salle Dr
1136 N La Salle DrChicago, IL 60610
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$1,669 - $2,599Studio to 2 Bedroom Apartments Available Now
820 Michigan by 3L Living
820 S Michigan AveChicago, IL 60605
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$1,685 - $3,764Studio to 2 Bedroom Apartments Available Sep 14
63 E Lake
63 E Lake StChicago, IL 60601
The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago
Chicago may cost more than the national average, but with the right neighborhood, a smart transit strategy, and a few local insider tips, living well in the Windy City is more achievable than you might think. Our local expert breaks down everything from rent and groceries to transportation and healthcare so you can plan your move with confidence.
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$1,870 - $2,293
Total Monthly Price
Base Rent$1,870 - $2,293
Total Monthly Price$1,870 - $2,293
102 W Chicago Ave
102 W Chicago AveChicago, IL 60654
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$1,875 - $3,300Studio to 1 Bedroom Apartments Available Now
Marina City
300 N State StChicago, IL 60654
130 S Canal St
ChicagoIL60606
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$1,915 - $3,833Studio to 1 Bedroom Apartments Available Now
The Bush Temple
800 N Clark StChicago, IL 60610
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$1,929 - $2,5991 to 2 Bedroom Apartments Available Now
731 Plymouth by 3L Living
731 S Plymouth CtChicago, IL 60605
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$1,895 - $4,220Studio to 3 Bedroom Apartments Available Now
Axis Apartments and Lofts
441 E Erie StChicago, IL 60611
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$1,935 - $2,498Studio to 1 Bedroom Apartments Available Now
330 S. Wells St
330 S Wells StChicago, IL 60606
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$1,945 - $3,4851 to 2 Bedroom Apartments Available Now
Lake Shore Plaza
445 E Ohio StChicago, IL 60611
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$1,951 - $8,709Studio to 3 Bedroom Apartments Available Now
Century Tower
182 W Lake StChicago, IL 60601
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$1,970
Total Monthly Price
Base Rent$1,970
Total Monthly Price$1,970
60 E Randolph St, Unit SI FL8-ID1346
60 E Randolph StChicago, IL 60601
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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$1,979 - $5,029Studio to 2 Bedroom Apartments Available Now
Astoria Tower
8 E 9th StChicago, IL 60605
69 W Huron St
ChicagoIL60654
777 N Michigan Ave, Unit 2106
777 N Michigan Ave
ChicagoIL60611
801 S Plymouth Ct, Unit 319
801 S Plymouth Ct
ChicagoIL60605
130 N Garland Ct
ChicagoIL60602
200 W Superior St, Unit 2706B
200 W Superior St
ChicagoIL60654
777 N Michigan Ave, Unit 1706
777 N Michigan Ave
ChicagoIL60611
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$2,005 - $3,055Studio to 2 Bedroom Apartments Available Now
777 South State
2 E 8th StChicago, IL 60605
712 S Clark St
ChicagoIL60605
713 S Clark St
ChicagoIL60605
Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible
Looking for a rental near Chicago? These five cities offer excellent options! From small-town charm to excellent business options, you can't go wrong!
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$2,025 - $3,670Studio to 3 Bedroom Apartments Available Now
Fisher Building Apartments
343 S Dearborn StChicago, IL 60604
630 S Clark St, Unit 3711
630 S Clark St
ChicagoIL60605
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$2,039 - $4,151Studio to 2 Bedroom Apartments Available Now
Columbus Plaza
233 E Wacker DrChicago, IL 60601
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$2,040
Total Monthly Price
Base Rent$2,040
Total Monthly Price$2,040
188 N Wells St, Unit SI FL2-ID1232
188 N Wells StChicago, IL 60606
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$2,044 - $11,106
Total Monthly Price
Base Rent$2,044 - $11,106
Total Monthly PriceVaries
Imprint
717 S Clark StChicago, IL 60605
440 N Wabash Ave, Unit 01707
440 N Wabash Ave
ChicagoIL60611
8 W Monroe St, Unit 1206
8 W Monroe St
ChicagoIL60603
622 N Wells St
ChicagoIL60654
106 W Chicago Ave, Unit 304
106 W Chicago Ave
ChicagoIL60654
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$2,075 - $5,835Studio to 2 Bedroom Apartments Available Sep 24
Randolph Tower City Apartments
188 W Randolph StChicago, IL 60601
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.
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$2,080
Total Monthly Price
Base Rent$2,080
Total Monthly Price$2,080
188 N Wells St, Unit SI FL3-ID1237
188 N Wells StChicago, IL 60606
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$2,085 - $3,225Studio to 2 Bedroom Apartments Available Now
The Alfred
30 E Adams StChicago, IL 60603
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$2,095 - $4,962Studio to 2 Bedroom Apartments Available Now
Asbury Plaza
750 N Dearborn StChicago, IL 60654
551 N State St
ChicagoIL60654
216 N Wells St, Unit 1402
216 N Wells St
ChicagoIL60606
208 W Washington St, Unit 1503
208 W Washington St
ChicagoIL60606
730 N Dearborn St
ChicagoIL60654
200 N Dearborn St, Unit 04503
200 N Dearborn St
ChicagoIL60601
152 W Superior St, Unit 4R
152 W Superior St
ChicagoIL60654
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$2,100 - $3,9001 to 2 Bedroom Apartments Available Now
10 E. Ontario St.
10 E Ontario StChicago, IL 60611
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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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 | $2,593 | $1,224 | $7,072 |
| Chicago Loop 1 Bedroom Apartments | $3,046 | $1,294 | $9,999 |
| Chicago Loop 2 Bedroom Apartments | $4,534 | $1,819 | $10,000+ |
| Chicago Loop 3 Bedroom Apartments | $7,844 | $1,024 | $10,000+ |
| Chicago Loop 4 Bedroom Apartments | $5,009 | $1,025 | $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 286 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
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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 $1,289. Straits Row has the second lowest priced unit, which is a 4 Beds apartment currently listed from $1,599. 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 S1 | Studio,1BA | $1,289 |
| Straits Row | Private Bedspace in a D6 with Roommates | 4BR,4BA | $1,599 |
| 820 Michigan by 3L Living | Studio North | Studio,1BA | $1,669 |
| The Bush Temple | M-A10 | Studio,1BA | $1,870 |
| Axis Apartments and Lofts | Studio | Studio,1BA | $1,895 |
| 731 Plymouth by 3L Living | 1 Bedroom East | 1BR,1BA | $1,929 |
| 330 S. Wells St | 02 Tier Studio | Studio,1BA | $1,950 |
| Astoria Tower | Studio 08A | Studio,1BA | $1,979 |
Best Value Apartments for Rent in Chicago Loop, IL
As of September 11, 2026 the best value apartment in the Chicago Loop area is the $2.02 price per square foot 9 E Huron St Model at 9 E Huron St, Unit 1 in the in the Magnificent Mile neighborhood starting from $4,450. The second greatest value Chicago Loop apartment is the Two Bedroom 1324 sq ft Model at 440 N. Wabash Ave. starting at $3,200 with a $2.42 price per square foot in the Magnificent Mile 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. |
|---|---|---|---|
| 9 E Huron St, Unit 1 | 9 E Huron St | 3BR,2BA | $2.02 |
| 440 N. Wabash Ave. | Two Bedroom 1324 sq ft | 2BR,2BA | $2.42 |
| 10 E. Ontario St. | 2 Bedroom | 2BR,2BA | $2.88 |
| 333 E Wacker Dr, Unit 17 | 333 E Wacker Dr | 2BR,2BA | $2.83 |
| State Street Lofts | 2BR/1.5BA | 2BR,1.5BA | $2.70 |
| Dwight Lofts | 5 Person Private | 4BR,2BA | $1.22 |
| The Regal Apartments | 2 Bedrooms Floor Plan B2 | 2BR,2BA | $2.47 |
| 731 Plymouth by 3L Living | 2 Bedroom East | 2BR,1BA | $2.57 |
| 30 East | 2 BEDROOM/2 BATHROOM - B3 | 2BR,2BA | $2.32 |
| Fisher Building Apartments | A4 | 1BR,1BA | $3.02 |
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.
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Best 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 ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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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 $1,499.
How much is rent for a Cheap One Bedroom Chicago Loop Apartment?
The lowest price for a Cheap One Bedroom Chicago Loop Apartment is $1,929 at 731 Plymouth by 3L Living.
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 $2,379 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 Century Tower and starts from $4,274.
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
The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago
Written by: Nicole Harms
When choosing a place to live, there are many things you must consider. Your employer, your shopping preferences, and even schools are all important to think about. Yet cost of living is also important to know and plan for.
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I’m Nicole, you’re ApartmentHomeLiving.com Local Expert for Chicago. There’s no denying I love the Windy City. Yet there’s also no denying that rental homes in Chicago can be pricy, small, and hard to find.
Chicago Relocation 101: Mastering Utilities, Registration, and the CTA
Written by: Nicole Harms
Moving to a new city is always an exciting time, especially one as vibrant and diverse as Chicago. With world-class museums, a breathtaking lakefront, and numerous employment opportunities, there’s much to love about this city.
Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago
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From Lake Shore Drive to the O’Hare Airport, the city of Chicago is a study in diversity, resilience, and culture.
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Rent According to Income: A Look at Income-Restricted Rentals
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Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
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Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.