
Cheap Apartments for Rent in the Chicago Loop Neighborhood of Chicago, IL from $900 (323 Rentals) Page 2 of 7
Search the lowest-cost Apartments available for rent right now in the Chicago Loop area of Chicago.


Total Monthly Price
Imprint

Lake Shore Plaza

Arrive Streeterville

North Harbor Tower

515 N Kingsbury St

170 W Superior St

159 W Superior St

152 W Superior St

1140 S Michigan Ave
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

712 S Wells St

503 N Kingsbury St

330 E Ontario St

911 S Clark St

871 S Clark St

Total Monthly Price
440 N Wabash Ave, Unit 4803

Total Monthly Price
211 E Ohio St, Unit 2612

360 W Illinois St

42 E Superior St, Unit 9F

201 N Westshore Dr
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.

30 W Huron St, Unit 02606

674 N Orleans St, Unit 2

300 N State St, Unit 04330

152 W Superior St, Unit 4R

Asbury Plaza

20 N State St, Unit 1139

235 W Van Buren St

630 N State St

5 N Wabash Ave

215 West Apartments
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.

River City Apartments

Total Monthly Price
750 N Rush St, Unit SI FL13-ID269

700 N La Salle Dr

440 N. Wabash Ave.

369 Grand by Onni

Exhibit on Superior

158 W Superior St

165 W Superior St

141 W Superior St

600 N Wells St, Unit 610
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.

Wacker Place

1000 South Clark

Total Monthly Price
211 E Ohio St, Unit 2719

753 S Clark St, Unit CD

Total Monthly Price
1001 South State

Total Monthly Price
Lake and Wells

736 N Dearborn St

401 E Ontario St, Unit 3308

777 N Clark St

834 N La Salle St
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.
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 | $2,626 | $1,440 | $5,116 |
| Chicago Loop 1 Bedroom Apartments | $3,155 | $1,500 | $6,926 |
| Chicago Loop 2 Bedroom Apartments | $4,581 | $1,025 | $10,000+ |
| Chicago Loop 3 Bedroom Apartments | $6,569 | $989 | $10,000+ |
| Chicago Loop 4 Bedroom Apartments | $3,262 | $924 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 323 rentals with your search options within a 1 mile radius of the Chicago Loop Neighborhood of Chicago, IL.
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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

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.

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.

Best Neighborhoods to Rent in Near Chicago's Top Employers
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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

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.

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.

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.

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.