Cheap Homes for Rent in the Chicago Loop Neighborhood of Chicago, IL from $1,859 (235 Rentals)

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Search the lowest-cost Homes available for rent right now in the Chicago Loop area of Chicago.

The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago

Chicago may cost more than the national average, but with the right neighborhood, a smart transit strategy, and a few local insider tips, living well in the Windy City is more achievable than you might think. Our local expert breaks down everything from rent and groceries to transportation and healthcare so you can plan your move with confidence.

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property at 777 N Michigan Ave

$2,000

Total Monthly Price

Total Monthly Price

Base Rent
$2,000
Total Monthly Price
$2,000

1 Bedroom, 1 Bath Condo for Rent

Available Sep 16

777 N Michigan Ave, Unit 2106

777 N Michigan Ave
ChicagoIL60611
property at 777 N Michigan Ave

$2,000

Total Monthly Price

Total Monthly Price

Base Rent
$2,000
Total Monthly Price
$2,000

Studio, 1 Bath Condo for Rent

Available Now

777 N Michigan Ave, Unit 1706

777 N Michigan Ave
ChicagoIL60611
property at 871 S Clark St

$2,000

Studio, 1 Bath Rentals

Available Now

871 S Clark St

ChicagoIL60605
property at 130 N Garland Ct

$2,000 - $2,100

Total Monthly Price

Total Monthly Price

Base Rent
$2,000 - $2,100
Total Monthly Price
$2,000 - $2,100

Studio, 1 Bath Condo for Rent

Available Now

130 N Garland Ct

ChicagoIL60602

Rent According to Income: A Look at Income-Restricted Rentals

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property at 630 S Clark St

$2,030

Total Monthly Price

Total Monthly Price

Base Rent
$2,030
Total Monthly Price
$2,030

Studio, 1 Bath Condo for Rent

Available Now

630 S Clark St, Unit 3711

630 S Clark St
ChicagoIL60605

Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible

Looking for a rental near Chicago? These five cities offer excellent options! From small-town charm to excellent business options, you can't go wrong!

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property at 8 W Monroe St

$2,050 - $3,100

1 To 2 Bedroom Rentals

Available Now

8 W Monroe St

ChicagoIL60603
property at 622 N Wells St

$2,056

Studio, 1 Bath Rentals

Available Oct 5

622 N Wells St

ChicagoIL60654

Chicago Relocation 101: Mastering Utilities, Registration, and the CTA

Moving to Chicago? This essential relocation guide offers a complete checklist for new residents, covering finding the right neighborhood, setting up utilities (ComEd, People’s Gas), and mastering high-rise moving logistics and vehicle registration.

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property at 152 W Superior St

$2,100

Total Monthly Price

Total Monthly Price

Base Rent
$2,100
Total Monthly Price
$2,100

Studio, 1 Bath Condo for Rent

Available Now

152 W Superior St, Unit 4R

152 W Superior St
ChicagoIL60654
property at 233 E Erie St

$2,100 - $3,600

1 To 2 Bedroom Rentals

Available Now

233 E Erie St

ChicagoIL60611

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Showing Results 1-50, Page 1 of 5

Cheapest Available Chicago Loop Apartments for Rent

 

The cheapest available apartment rental in the Chicago Loop area of Chicago, IL is a 4 Beds unit found at Straits Row priced from $1,399. Axis Apartments and Lofts has the second lowest priced unit, which is a Studio apartment currently listed from $1,805. Here are the most affordable Chicago Loop apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Straits RowPrivate Bedspace in a D6 with Roommates4BR,4BA$1,399
Axis Apartments and LoftsStudioStudio,1BA$1,805
Astoria TowerStudio 08AStudio,1BA$1,979
Marina CityFurnished StudioStudio,1BA$2,000
Asbury PlazaConvertibleStudio,1BA$2,024
Century TowerStudio 06Studio,1BA$2,041
820 Michigan by 3L Living1 Bedroom North1BR,1BA$2,079
Bellwether ResidencesS07Studio,1BA$2,100
The Bush TempleH-A3Studio,1BA$2,100

Best Value Apartments for Rent in Chicago Loop, IL

As of August 30, 2026 the best value apartment in the Chicago Loop area is the $2.81 price per square foot 187 N Westshore Dr Model at 187 N Westshore Dr in the in the Magnificent Mile neighborhood starting from $4,350. The second greatest value Chicago Loop apartment is the Two Bedroom Model at Lake Shore Plaza starting at $3,485 with a $2.54 price per square foot in the Magnificent Mile neighborhood. Here is today’s list of the best values for Chicago Loop apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
187 N Westshore Dr187 N Westshore Dr2BR,2BA$2.81
Lake Shore PlazaTwo Bedroom2BR,2BA$2.54
440 N. Wabash Ave.Two Bedroom 1324 sq ft2BR,2BA$2.42
10 E. Ontario St.2 Bedroom2BR,2BA$2.88
333 E Wacker Dr, Unit 17333 E Wacker Dr2BR,2BA$2.83
Dwight Lofts5 Person Private4BR,2BA$1.22
The Regal Apartments2 Bedrooms Floor Plan B22BR,2BA$2.50
731 Plymouth by 3L Living2 Bedroom East2BR,1BA$2.57
30 East2 BEDROOM/2 BATHROOM - B32BR,2BA$2.32
777 South StateOne Bedroom1BR,1BA$2.82

Frequently Asked Questions about Chicago Loop

What type of rentals are currently available in Chicago Loop?

There are currently 342 Apartments for Rent in Chicago Loop, IL with pricing that ranges from $1,025 to $43,181. There are also 600 Single Family Homes for rent, Condos, and Townhome rentals currently available in Chicago Loop ranging from $1,859 to $32,500.

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 $1,859 to $32,500 with an average monthly rent of $3,522.

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 $1,411 to $38,481, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,795 to $32,500. Four Bedroom Single-Family rentals are also available starting from $10,000 and Four Bedroom Apartments start at $1,025.

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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The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago

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When choosing a place to live, there are many things you must consider. Your employer, your shopping preferences, and even schools are all important to think about. Yet cost of living is also important to know and plan for.

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Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible

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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.

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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.

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From Lake Shore Drive to the O’Hare Airport, the city of Chicago is a study in diversity, resilience, and culture.

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Rent According to Income: A Look at Income-Restricted Rentals

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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.

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