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


400 E Randolph St

Wolf Point West

400 E Randolph St, Unit 2316

10 E Ontario St

235 W Van Buren St

GRAND PLAZA

179 E Illinois St

AMLI 900

341 W Kinzie St

Eight O Five

195 N Harbor Dr

405 N Wabash Ave

640 North Wells

359 W Chicago Ave

711 S Dearborn St

Moment

2 E Erie St

1101 S State St

212 W Washington St

777 N Michigan Ave

The Bernardin

910 Michigan Ave #608

401 E Ontario St, Unit 1605

600 S Dearborn St

30 E Huron St

630 N Franklin 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.
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 $2,079.
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.