
Cheap Apartments for Rent in the Chicago Loop Neighborhood of Chicago, IL from $900 (227 Rentals) Page 3 of 5
Search the lowest-cost Apartments available for rent right now in the Chicago Loop area of Chicago.


405 N WABASH, Unit 4401

163 W Ohio St

235 W Van Buren St, Unit 2521

Total Monthly Price
445 E Ohio St, Unit SI FL24-ID406

Coast at Lakeshore East

Total Monthly Price
Lake and Wells

201 W Ontario St

152 W Superior St

216 W Chicago 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

222 W Randolph St

253 E Wacker Dr

750 N. Rush

Lofts At River East

Shoreham and Tides

3Eleven

474 N Lake Shore Dr, Unit 5603

834 N La Salle St

Total Monthly Price
215 W Lake St, Unit SI FL7-ID1331

Total Monthly Price
215 W Lake St, Unit SI FL12-ID1343

Total Monthly Price
460 W Chicago Ave, Unit SI FL15-ID1351

613 N Wells St, Unit 2003

Total Monthly Price
AMLI Lofts

Cascade

Exhibit on Superior

600 N Wells St, Unit 1310

445 E Waterside Dr

296 N Canal St

883 S Clark St

222 N Columbus Dr, Unit 2806

70 W Huron St, Unit 1805

630 N Franklin St, Unit 717

630 N Franklin St, Unit 717

345 N La Salle Dr

111 W Polk St

Total Monthly Price
545 N Dearborn St, Unit 2201B

216 W Chicago Ave

1111 S Wabash Ave, Unit 1605

111 Point

199 W Hubbard St

Marlowe

190 N Garland Ct

41 W Polk St

Total Monthly Price
500 N Lake Shore Dr, Unit SI FL5-ID394

347 E Wacker Dr

Cassidy on Canal

332 N Canal St

225 W Huron St, Unit 625

910 S Michigan Ave, Unit 708

142 W Superior St
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 | $2,581 | $1,411 | $4,872 |
| Chicago Loop 1 Bedroom Apartments | $3,130 | $1,749 | $10,000+ |
| Chicago Loop 2 Bedroom Apartments | $4,601 | $970 | $10,000+ |
| Chicago Loop 3 Bedroom Apartments | $6,602 | $999 | $10,000+ |
| Chicago Loop 4 Bedroom Apartments | $2,981 | $970 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 227 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 $2,079.
What is the price of a cheap apartment in Chicago Loop?
The cheapest apartment in Chicago Loop is 731 Plymouth by 3L Living which is listed at $1,959, while the average apartment in Chicago Loop costs $5,999.
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 94 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 $609 which is $5,390 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

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

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.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.