
Cheap Apartments for Rent in the Chicago Loop Neighborhood of Chicago, IL from $900 (323 Rentals) Page 5 of 7
Search the lowest-cost Apartments available for rent right now in the Chicago Loop area of Chicago.


545 N Dearborn St, Unit 2303

Total Monthly Price
445 E Ohio St, Unit SI FL27-ID445

Aqua at Lakeshore East

460 N State St

33 W Ontario St, Unit 44c

65 E Monroe St, Unit 1118A

337 E Wacker Dr

Total Monthly Price
Hubbard Place

420 E Waterside Dr, Unit 904

Cassidy on Canal

Total Monthly Price
Env Chicago

820 S Michigan Ave, Unit 610

820 Michigan by 3L Living

Total Monthly Price
601 N State St

Total Monthly Price
316 W Illinois St

Total Monthly Price
210 N Wells St, Unit SI FL19-ID701

Total Monthly Price
210 N Wells St, Unit SI FL16-ID248

176 W Superior St

290 W Chestnut St

235 W Van Buren St, Unit 1411

500 Lake Shore Drive

300 N State St, Unit 4009

300 N State St

130 S Canal St, Unit 612

300 N State St, Unit 4009

130 S Canal St, Unit # 0612

151 E Randolph St

345 N La Salle Dr, Unit 3107

303 W Ohio St, Unit 33D

420 E Waterside Dr, Unit 412

25 W Hubbard St

525 S. Dearborn St.

211 E. Ohio St.

55 E Erie St

600 N Lake Shore Dr

Luxury condo unit

40 E 9th St

The Tides at Lakeshore East

535 N Michigan Ave

211 E Ohio St

ELEVEN THIRTY

180 W. Adams

200 N. Dearborn St.

Paper Box Lofts

777 N Michigan Ave

300 N State St

162 W Huron St

AMLI 900

1147 S Michigan Ave
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
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.