Cheap Studio Apartments for Rent in the Chicago Loop Neighborhood of Chicago, IL from $1,434 (145 Rentals) Page 2 of 3

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Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago

Learn about the best things about living in Chicago from a local in the Insiders Guide to Renting in Chicago. Find your perfect Chicago apartment today!

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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.

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property at 222 W Randolph St

$2,285

Total Monthly Price

Total Monthly Price

Base Rent
$2,285 - $3,770
Total Monthly Price
$2,285 - $3,770

Studio Condos for Rent

Available Now

222 W Randolph St

ChicagoIL60606
property at 216 W Chicago Ave

$2,300

Total Monthly Price

Total Monthly Price

Base Rent
$2,300 - $4,550
Total Monthly Price
$2,300 - $4,550

Studio Condos for Rent

Available Jun 27

216 W Chicago Ave

ChicagoIL60654
property at 800 S Clark St

$2,320

Total Monthly Price

Total Monthly Price

Base Rent
$2,320 - $3,745
Total Monthly Price
$2,320 - $3,745

Studio Condos for Rent

Available Now

800 S Clark St

ChicagoIL60605

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.

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property at 733 S Wells St

$2,330

Total Monthly Price

Total Monthly Price

Base Rent
$2,330 - $3,600
Total Monthly Price
$2,330 - $3,600

Studio Condos for Rent

Available May 31

733 S Wells St

ChicagoIL60607
property at 630 S Clark St

$2,400

Total Monthly Price

Total Monthly Price

Base Rent
$2,400
Total Monthly Price
$2,400

Studio, 1 Bath Condo for Rent

Available Now

630 S Clark St, Unit 3711, Unit 3711

630 S Clark St
ChicagoIL60605

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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property at 550 N Kingsbury St

$2,450

Total Monthly Price

Total Monthly Price

Base Rent
$2,450 - $3,100
Total Monthly Price
$2,450 - $3,100

Studio Condos for Rent

Available Now

550 N Kingsbury St

ChicagoIL60654
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152 W Huron St
$2,475
Total Monthly Price

Total Monthly Price

Base Rent
$2,475 - $2,850
Total Monthly Price
$2,475 - $2,850
Studio Apartment Available May 14

152 W Huron St

152 W Huron StChicago, IL 60654
Affordability
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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

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Showing Results 51-100, Page 2 of 3

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 $1,945.

What is the price of a cheap apartment in Chicago Loop?

The cheapest apartment in Chicago Loop is Gramercy Row Apartments which is listed at $1,411, while the average apartment in Chicago Loop costs $5,372.

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 71 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 $803 which is $4,569 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

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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.

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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.

decorative image for Best Neighborhoods to Rent in Near Chicago's Top Employers article

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.

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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

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.