Cheap Studio Apartments for Rent in the Chicago Loop Neighborhood of Chicago, IL from $1,440 (125 Rentals) Page 2 of 3

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done
property at 871 S Clark St

$2,195

Studio, 1 Bath Rentals

Available Now

871 S Clark St

ChicagoIL60605
property at 201 N Westshore Dr

$2,200

Total Monthly Price

Total Monthly Price

Base Rent
$2,200 - $4,000

Total Monthly Price
$2,200 - $4,000

Studio Condos for Rent

Available Now

201 N Westshore Dr

ChicagoIL60601
property at 152 W Superior St

$2,200

Total Monthly Price

Total Monthly Price

Base Rent
$2,200

Total Monthly Price
$2,200

Studio, 1 Bath Condo for Rent

Available Now

152 W Superior St, Unit 4R

152 W Superior St
ChicagoIL60654
property at 630 N State St

$2,200 - $4,500

Studio Rentals

Available Aug 1, 2027

630 N State St

ChicagoIL60654
close
View Me
1001 South State
Rent Specials
$2,236 - $5,184
Total Monthly Price

Total Monthly Price

Base Rent
$2,345 - $10,001

Total Monthly Price
Varies
Studio Apartments Available Now

1001 South State

1001 S State StChicago, IL 60605
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
property at 700 N La Salle Dr

$2,250

Total Monthly Price

Total Monthly Price

Base Rent
$2,250 - $4,200

Total Monthly Price
$2,250 - $4,200

Studio Condos for Rent

Available Oct 3

700 N La Salle Dr

ChicagoIL60654

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

property at 600 N Wells St

$2,271

Total Monthly Price

Total Monthly Price

Base Rent
$2,271

Total Monthly Price
$2,271

Studio, 1 Bath Condo for Rent

Available Oct 3

600 N Wells St, Unit 610

600 N Wells St
ChicagoIL60654

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

close
View Me
AMLI Lofts
$2,358 - $4,643
Total Monthly Price

Total Monthly Price

Base Rent
$2,358 - $6,517

Total Monthly Price
Varies
Studio Apartments Available Now

AMLI Lofts

850 S Clark StChicago, IL 60605
Furnished
  • Verified
  • Customer Reviewed
  • 3D Tour

Genius Ideas and Studio Layout Tips That Maximize Every Square Inch

Transform your studio apartment layout and maximize storage. Get proven ideas from a 20-year property expert to make any small space stylish and functional.

property at 70 W Huron St

$2,400

Total Monthly Price

Total Monthly Price

Base Rent
$2,400 - $3,820

Total Monthly Price
$2,400 - $3,820

Studio Condos for Rent

Available Now

70 W Huron St

ChicagoIL60654
property at 347 E Wacker Dr

$2,430

Total Monthly Price

Total Monthly Price

Base Rent
$2,430 - $3,780

Total Monthly Price
$2,430 - $3,780

Studio Condos for Rent

Available Now

347 E Wacker Dr

ChicagoIL60601

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

Create a productive work-from-home apartment setup, even in a small space or studio. Discover layout ideas, desk solutions, and organization tips that actually work.

property at 800 S Clark St

$2,500

Total Monthly Price

Total Monthly Price

Base Rent
$2,500

Total Monthly Price
$2,500

Studio, 1 Bath Condo for Rent

Available Now

800 S Clark St, Unit 415

800 S Clark St
ChicagoIL60605
close
View Me
600 N Lake Shore Dr
Studio Apartments

600 N Lake Shore Dr

600 N Lake Shore DrChicago, IL 60611
Furnished
  • Utilities Included
  • Smoke Free
close
View Me
Luxury condo unit
Studio Apartments

Luxury condo unit

333 N CanalChicago, IL 60606
Corporate Housing
  • Smoke Free
close
View Me
55 E Erie St
Studio Apartments

55 E Erie St

55 E Erie StChicago, IL 60611
Corporate Housing
  • Smoke Free
property at 40 E 9th St

$1,650

Studio Rentals

Available Now

40 E 9th St

ChicagoIL60605
close
View Me
ELEVEN THIRTY
Studio Apartments

ELEVEN THIRTY

1130 S Michigan AveChicago, IL 60605
close
View Me
Paper Box Lofts
Studio Apartments

Paper Box Lofts

153 W Ohio StChicago, IL 60654
  • Utilities Included

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

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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 $1,722, 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

decorative image for Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible article

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.

decorative image for Chicago Relocation 101: Mastering Utilities, Registration, and the CTA article

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.

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

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.

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.

Articles, How-To's, and Tips

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

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.