Cheap Apartments for Rent in the Chicago Loop Neighborhood of Chicago, IL from $900 (323 Rentals) Page 2 of 7

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in the Chicago Loop area of Chicago.

close
View Me
Imprint
$2,148 - $13,211
Total Monthly Price

Total Monthly Price

Base Rent
$2,148 - $13,211

Total Monthly Price
Varies
Studio to 4 Bedroom Apartments Available Now

Imprint

717 S Clark StChicago, IL 60605
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

Chicago's Best Affordable Neighborhoods

Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms

property at 712 S Wells St

$2,188

Studio, 1 Bath Rentals

Available Now

712 S Wells St

ChicagoIL60607
property at 871 S Clark St

$2,195

Studio, 1 Bath Rentals

Available Now

871 S Clark St

ChicagoIL60605
close
View Me
440 N Wabash Ave, Unit 4803
$2,200
Total Monthly Price

Total Monthly Price

Base Rent
$2,200

Total Monthly Price
$2,200
1 Bedroom Apartment Available Aug 1

440 N Wabash Ave, Unit 4803

440 N Wabash AveChicago, IL 60611
Affordability
  • Smoke Free
property at 360 W Illinois St

$2,200

Total Monthly Price

Total Monthly Price

Base Rent
$2,200

Total Monthly Price
$2,200

1 Bedroom, 1 Bath Condo for Rent

Available Now

360 W Illinois St

ChicagoIL60654
property at 42 E Superior St

$2,200

Total Monthly Price

Total Monthly Price

Base Rent
$2,200

Total Monthly Price
$2,200

1 Bedroom, 1 Bath Condo for Rent

Available Now

42 E Superior St, Unit 9F

42 E Superior St
ChicagoIL60611
property at 201 N Westshore Dr

$2,200 - $4,000

Total Monthly Price

Total Monthly Price

Base Rent
$2,200 - $4,000

Total Monthly Price
$2,200 - $4,000

Studio To 2 Bedroom Condos for Rent

Available Now

201 N Westshore Dr

ChicagoIL60601

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

property at 30 W Huron St

$2,200

Total Monthly Price

Total Monthly Price

Base Rent
$2,200

Total Monthly Price
$2,200

1 Bedroom, 1 Bath Condo for Rent

Available Now

30 W Huron St, Unit 02606

30 W Huron St
ChicagoIL60654
property at 152 W Superior St

$2,200

Total Monthly Price

Total Monthly Price

Base Rent
$2,200

Total Monthly Price
$2,200

Studio, 1 Bath Condo for Rent

Available Now

152 W Superior St, Unit 4R

152 W Superior St
ChicagoIL60654
property at 20 N State St

$2,200

Total Monthly Price

Total Monthly Price

Base Rent
$2,200

Total Monthly Price
$2,200

1 Bedroom, 1 Bath Condo for Rent

Available Jul 29

20 N State St, Unit 1139

20 N State St
ChicagoIL60602
property at 235 W Van Buren St

$2,200 - $3,100

Total Monthly Price

Total Monthly Price

Base Rent
$2,200 - $3,100

Total Monthly Price
$2,200 - $3,100

1 To 2 Bedroom Condos for Rent

Available Now

235 W Van Buren St

ChicagoIL60607
property at 630 N State St

$2,200 - $4,500

Studio To 2 Bedroom Rentals

Available Sep 1

630 N State St

ChicagoIL60654

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.

property at 700 N La Salle Dr

$2,250 - $4,200

Total Monthly Price

Total Monthly Price

Base Rent
$2,250 - $4,200

Total Monthly Price
$2,250 - $4,200

Studio To 2 Bedroom Condos for Rent

Available Sep 5

700 N La Salle Dr

ChicagoIL60654
property at 600 N Wells St

$2,271

Total Monthly Price

Total Monthly Price

Base Rent
$2,271

Total Monthly Price
$2,271

Studio, 1 Bath Condo for Rent

Available Oct 3

600 N Wells St, Unit 610

600 N Wells St
ChicagoIL60654

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.

close
View Me
1001 South State
Rent Specials
$2,292 - $10,001
Total Monthly Price

Total Monthly Price

Base Rent
$2,292 - $10,001

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

1001 South State

1001 S State StChicago, IL 60605
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
Lake and Wells
$2,317 - $4,769
Total Monthly Price

Total Monthly Price

Base Rent
$2,317 - $4,769

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Lake and Wells

210 N Wells StChicago, IL 60606
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
property at 401 E Ontario St

$2,329

Total Monthly Price

Total Monthly Price

Base Rent
$2,329

Total Monthly Price
$2,329

1 Bedroom, 1 Bath Condo for Rent

Available Now

401 E Ontario St, Unit 3308

401 E Ontario St
ChicagoIL60611

Cash 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.

Frequently Asked Questions about Cheap Chicago Loop Apartments

What is a cheap apartment in Chicago Loop?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Chicago Loop is under $2,110.

What is the price of a cheap apartment in Chicago Loop?

The cheapest apartment in Chicago Loop is Astoria Tower which is listed at $1,945, while the average apartment in Chicago Loop costs $31,954.

What types of apartments are the cheapest in Chicago Loop?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 41 regular apartments in Chicago Loop that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Chicago Loop?

Cheap apartments in Chicago Loop have an average cost of $485 which is $31,469 cheaper than the average rent for all rentals in Chicago Loop.

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

decorative image for Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible article

Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible

Written by: Nicole Harms

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.

decorative image for Chicago Relocation 101: Mastering Utilities, Registration, and the CTA article

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.

decorative image for Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago article

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.

decorative image for Best Neighborhoods to Rent in Near Chicago's Top Employers article

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.

Articles, How-To's, and Tips

decorative image for Rent According to Income: A Look at Income-Restricted Rentals   article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.