close
View Me
$1,4701 Bedroom Apartments Available Now
61 W Erie St
61 W Erie StChicago, IL 60654
Cheap Homes for Rent in Chicago Loop Neighborhood of Chicago, IL from $1,600 (183 Rentals)
Search the lowest-cost Homes available for rent right now in the Chicago Loop area of Chicago.
close
View Me
$1,4701 Bedroom Apartments Available Now
61 W Erie St
61 W Erie StChicago, IL 60654
40 E 9 th St
ChicagoIL60605
1125 N La Salle Dr, Unit 203
1125 N La Salle Dr
ChicagoIL60610
512 N McClurg Ct
ChicagoIL60611
close
View Me
$1,730Studio Apartments Available Aug 1
188 N Wells St
188 N Wells StChicago, IL 60606
close
View Me
$1,7702 Bedroom Apartments Available Now
61 W Erie St
61 W Erie StChicago, IL 60654
401 E Ontario St, Unit 2811
401 E Ontario St
ChicagoIL60611
close
View Me
$1,8002 Bedroom Apartments Available Now
61 W Erie St
61 W Erie StChicago, IL 60654
400 E Randolph St
ChicagoIL60601
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
512 N McClurg Ct
ChicagoIL60611
780 S Federal St
ChicagoIL60605
330 W Grand Ave, Unit 1505
330 W Grand Ave
ChicagoIL60654
300 N State St, Unit 5001
300 N State St
ChicagoIL60654
400 N La Salle Dr
ChicagoIL60654
899 S Plymouth Ct
ChicagoIL60605
8 W Monroe St, Unit 810
8 W Monroe St
ChicagoIL60603
57 E 8th St
ChicagoIL60605
401 E Ontario St
ChicagoIL60611
close
View Me
$1,930Studio Apartments Available Nov 16
1000 S Michigan Ave
1000 S Michigan AveChicago, IL 60605
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.
233 E Erie St, Unit 233 E Erie Unit 1408
233 E Erie St
ChicagoIL60611
899 S Plymouth Ct
ChicagoIL60605
233 E Erie St
ChicagoIL60611
998 S State St
ChicagoIL60605
981 S State St
ChicagoIL60605
200 N Dearborn St
ChicagoIL60601
45 W Chicago Ave
ChicagoIL60654
close
View Me
$1,9801 Bedroom Apartments Available Mar 22
188 N Wells St
188 N Wells StChicago, IL 60606
close
View Me
$1,980Studio Apartments Available Mar 16
61 W Erie St
61 W Erie StChicago, IL 60654
353 N Clinton St
ChicagoIL60661
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!
200 N Dearborn St
ChicagoIL60601
300 N State St, Unit 2303
300 N State St
ChicagoIL60654
468 W Chicago Ave
ChicagoIL60654
712 S Wells St
ChicagoIL60607
130 N Garland Ct
ChicagoIL60602
200 W Superior St, Unit 2706B
200 W Superior St
ChicagoIL60654
233 E Erie St
ChicagoIL60611
535 N Michigan Ave, Unit 2507
535 N Michigan Ave
ChicagoIL60611
230 E Ontario St, Unit 2003
230 E Ontario St
ChicagoIL60611
233 E Erie St, Unit 1307
233 E Erie St
ChicagoIL60611
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.
3555 S King Dr, Unit 1N
3555 S King Dr
ChicagoIL60653
216 N Wells St, Unit 1402
216 N Wells St
ChicagoIL60606
340 W Superior St, Unit 710
340 W Superior St
ChicagoIL60654
11 E 9th St
ChicagoIL60605
close
View Me
$2,0451 Bedroom Apartments Available Now
172 W Randolph St
172 W Randolph StChicago, IL 60601
152 W Superior St, Unit 4R
152 W Superior St
ChicagoIL60654
700 S Clark St, Unit 13D
700 S Clark St
ChicagoIL60605
440 N Wabash Ave, Unit 01707
440 N Wabash Ave
ChicagoIL60611
400 E Randolph St, Unit 3321
400 E Randolph St
ChicagoIL60601
10 E Ontario St
ChicagoIL60611
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.
Chicago Loop, Chicago, IL Local Guide
Overview by bz3rk is licensed under CC BY 2.0
How much does it cost to rent a home in Chicago Loop?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Chicago Loop 2 Bedroom Homes for Rent | $3,956 | $2,000 | $10,000+ |
| Chicago Loop 3 Bedroom Homes for Rent | $6,963 | $3,900 | $10,000+ |
| Chicago Loop 4 Bedroom Homes for Rent | $19,500 | $10,000 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 183 rentals with your search options within a 1 mile radius of the Chicago Loop Neighborhood of Chicago, IL.
Explore Chicago
Let everyone know!
Do you know the Chicago Loop area?
If you’re an expert on all things Chicago Loop, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Cheapest Available Chicago Loop Apartments for Rent
The cheapest available apartment rental in the Chicago Loop area of Chicago, IL is a Studio unit found at Gramercy Row Apartments priced from $1,324. 440 N. Wabash Ave. has the second lowest priced unit, which is a Studio apartment currently listed from $1,675. Here are the most affordable Chicago Loop apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Gramercy Row Apartments | Studio Floor Plan S7 | Studio,1BA | $1,324 |
| 440 N. Wabash Ave. | Studio | Studio,1BA | $1,675 |
| 820 Michigan by 3L Living | Studio East | Studio,1BA | $1,689 |
| MDA Apartments | S3N - Modern | Studio,1BA | $1,790 |
| The Alfred | B5 | Studio,1BA | $1,890 |
| Axis Apartments and Lofts | Convertible Studio | Studio,1BA | $1,935 |
| Century Tower | Studio 08 | Studio,1BA | $1,945 |
| Millennium Park Plaza | Studio | Studio,1BA | $1,965 |
| Astoria Tower | Studio 07B | Studio,1BA | $1,999 |
| Asbury Plaza | Convertible | Studio,1BA | $2,000 |
Best Value Apartments for Rent in Chicago Loop, IL
As of March 01, 2026 the best value apartment in the Chicago Loop area is the $1.24 price per square foot 4 BEDROOM/4 BATHROOM - D Model at 30 East in the in the South Loop neighborhood starting from $1,730. The second greatest value Chicago Loop apartment is the 3 Bedrooms Floor Plan C1 Model at The Regal Apartments starting at $2,750 with a $2.08 price per square foot in the South Loop neighborhood. Here is today’s list of the best values for Chicago Loop apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 30 East | 4 BEDROOM/4 BATHROOM - D | 4BR,4BA | $1.24 |
| The Regal Apartments | 3 Bedrooms Floor Plan C1 | 3BR,2.5BA | $2.08 |
| 333 E Wacker Dr, Unit 17 | 333 E Wacker Dr | 2BR,2BA | $2.83 |
| 731 Plymouth by 3L Living | 2 Bedroom East | 2BR,1BA | $2.25 |
| 680 S Federal St, Unit Apt 808 | 680 S Federal St | 1BR,1BA | $2.25 |
| 10 E. Ontario St. | 1 Bedroom | 1BR,1BA | $2.11 |
| 777 South State | Two Bedroom One Bathroom | 2BR,1BA | $2.79 |
| Fisher Building Apartments | B2 | 2BR,1BA | $2.78 |
| Student | The Flats East West | 3x2 | 3BR,2BA | $1.23 |
| 545 N Dearborn St, Unit 2201B | 545 N Dearborn St | 1BR,1BA | $2.69 |
Frequently Asked Questions about Chicago Loop
What type of rentals are currently available in Chicago Loop?
There are currently 341 Apartments for Rent in Chicago Loop, IL with pricing that ranges from $1,234 to $77,776. There are also 581 Single Family Homes for rent, Condos, and Townhome rentals currently available in Chicago Loop ranging from $1,600 to $23,000.
What is the current price range for Rental Homes in Chicago Loop?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Chicago Loop ranges from $1,600 to $23,000 with an average monthly rent of $7,036.
How much are larger Three and Four Bedroom Rentals in Chicago Loop?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Chicago Loop range from $1,359 to $38,481, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,900 to $23,000. Four Bedroom Single-Family rentals are also available starting from $10,000 and Four Bedroom Apartments start at $1,359.
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
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.
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.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.