
Cheap Apartments for Rent in the Chicago Loop Neighborhood of Chicago, IL from $900 (232 Rentals) Page 3 of 5
Search the lowest-cost Apartments available for rent right now in the Chicago Loop area of Chicago.


The Regal Apartments

The Station Lofts

The Leo

Total Monthly Price
750 N Rush St, Unit SI FL31-ID86

674 N Wells St, Unit 1904

7 N State St

The Gallery on Wells

Marquee at Block 37

Total Monthly Price
AMLI Lofts
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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

Total Monthly Price
AMLI River North

330 E Wacker Dr

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

Total Monthly Price
1000 S Michigan Ave, Unit SI FL9-ID1350

439 E Ohio St

883 S Clark St

West77 Apartments

Cityfront Place

730 N Wabash Ave, Unit 908
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

ReNew Waterside

1111 S Wabash Ave, Unit 1605

165 N Canal St, Unit 77G

701 S Dearborn St, Unit 1607

663 N State St, Unit 911

70 W Huron St

Total Monthly Price
545 N Dearborn St, Unit 2201B

Total Monthly Price
One Superior Place

Kingsbury Plaza

201 W Ontario St
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

1120 S Michigan Ave

Total Monthly Price
330 S Wells St, Unit SI FL14-ID193

Total Monthly Price
750 N. Rush

41 W Polk St

347 E Wacker Dr

Total Monthly Price
60 E Randolph St, Unit SI FL8-ID1346

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

910 S Michigan Ave, Unit 708

519 N Clark St, Unit 3c

700 S Clark St, Unit 13D

1111 S Wabash Ave, Unit 23D

705 S Clark St, Unit 44G

621 S Plymouth Ct, Unit 307

22 N State St, Unit 43c

Total Monthly Price
330 S Wells St, Unit SI FL15-ID194

111 Point

25 E Adams St, Unit 412

Coast at Lakeshore East

239 E Wacker Dr

784 N La Salle Dr
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 232 rentals with your search options within a 1 mile radius of the Chicago Loop Neighborhood of Chicago, IL.
See all Apartments in ChicagoExplore Chicago
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
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.

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

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.