
Cheap Apartments for Rent in the Chicago Loop Neighborhood of Chicago, IL from $900 (69 Rentals) Page 2 of 2
Search the lowest-cost Apartments available for rent right now in the Chicago Loop area of Chicago.


600 S Dearborn St, Unit 2012

777 South State

Lake Shore Plaza
Navigating 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.
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
Chicago Loop, Chicago, IL Local Guide

How much does it cost to rent an apartment in Chicago Loop?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Chicago Loop Studio Apartments | $2,457 | $1,324 | $5,596 |
| Chicago Loop 1 Bedroom Apartments | $2,972 | $1,380 | $7,920 |
| Chicago Loop 2 Bedroom Apartments | $4,402 | $1,880 | $10,000+ |
| Chicago Loop 3 Bedroom Apartments | $8,401 | $2,220 | $10,000+ |
| Chicago Loop 4 Bedroom Apartments | $16,565 | $4,999 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 69 rentals with your search options within a 1 mile radius of the Chicago Loop Neighborhood of Chicago, IL.
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Getting Around the Chicago Loop Neighborhood in Chicago, IL
Walk Score®
100 / 100
Walker’s Paradise
Daily errands do not require a car
Bike Score®
82 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
100 / 100
Rider’s Paradise
World-class public transportation
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $1,895.
What is the price of a cheap apartment in Chicago Loop?
The cheapest apartment in Chicago Loop is Millennium Park Plaza which is listed at $1,895, while the average apartment in Chicago Loop costs $34,700.
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 25 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 $422 which is $34,278 cheaper than the average rent for all rentals in Chicago Loop.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago
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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.

Apartment Common Area Rules: What Renters Need to Know
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Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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Everything is a negotiation in real estate!

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Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.














