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$1,670Studio Apartments Available Aug 1
188 N Wells St, Unit SI FL3-ID1236
188 N Wells StChicago, IL 60606
Cheap Homes for Rent in Chicago Loop Neighborhood of Chicago, IL from $1,700 (232 Rentals)
Search the lowest-cost Homes available for rent right now in the Chicago Loop area of Chicago.
233 E Erie St, Unit 1908, Unit 1908
233 E Erie St
ChicagoIL60611
70 Huron W St, Unit 1101, Unit 1101
70 Huron W St
ChicagoIL60654
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$1,850Studio Apartments Available Now
688 N LaSalle St, Unit 688 N Lasalle
688 N LaSalle StChicago, IL 60654
801 S Plymouth Ct
ChicagoIL60605
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$1,887Studio Apartments Available Jun 1
1011 S Michigan Ave, Unit 1707
1011 S Michigan AveChicago, IL 60605
230 E Ontario St, Unit 2203
230 E Ontario St
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230 E Ontario St
ChicagoIL60611
1120 S Michigan Ave, Unit 1404
1120 S Michigan Ave
ChicagoIL60605
57 E 8th St
ChicagoIL60605
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.
401 E Ontario St
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$1,930Studio Apartments Available Nov 16
1000 S Michigan Ave, Unit SI FL25-ID1349
1000 S Michigan AveChicago, IL 60605
713 S Clark St
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300 N State St, Unit 2504
300 N State St
ChicagoIL60654
300 N State St, Unit 2504, Unit 2504
300 N State St
ChicagoIL60654
300 N State St, Unit # 02504, Unit # 02504
300 N State St
ChicagoIL60654
300 N State St, Unit 2504, Unit 2504
300 N State St
ChicagoIL60654
300 N State St, Unit 2504, Unit 2504
300 N State St
ChicagoIL60654
300 N State St
ChicagoIL60654
635 S Clark St
ChicagoIL60605
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.
323 E Ontario St
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400 E Randolph St
ChicagoIL60601
440 N Wabash Ave, Unit 2503, Unit 2503
440 N Wabash Ave
ChicagoIL60611
233 E Erie St, Unit 1902, Unit 1902
233 E Erie St
ChicagoIL60611
233 E Erie St, Unit 1902, Unit 1902
233 E Erie St
ChicagoIL60611
233 E Erie St, Unit 1902
233 E Erie St
ChicagoIL60611
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$2,0001 Bedroom Apartments Available Jul 16
188 N Wells St, Unit SI FL2-ID1235
188 N Wells StChicago, IL 60606
230 E Ontario St, Unit 1203, Unit 1203
230 E Ontario St
ChicagoIL60611
130 N Garland Ct
ChicagoIL60602
200 W Superior St, Unit 2706B, Unit 2706B
200 W Superior St
ChicagoIL60654
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
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899 S Plymouth Ct
ChicagoIL60605
102 W Chicago Ave
ChicagoIL60654
69 W Huron St
ChicagoIL60654
801 S Wells St, Unit 819
801 S Wells St
ChicagoIL60607
11 E 9th St
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440 N Wabash Ave, Unit 01707, Unit 01707
440 N Wabash Ave
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746 N Dearborn St
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28 E Adams St
ChicagoIL60603
106 W Chicago Ave, Unit 304, Unit 304
106 W Chicago Ave
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.
60 W Huron St
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216 N Wells St, Unit 1402, Unit 1402
216 N Wells St
ChicagoIL60606
208 W Washington St, Unit 1503
208 W Washington St
ChicagoIL60606
208 W Washington St
ChicagoIL60606
200 N Dearborn St, Unit 04503, Unit 04503
200 N Dearborn St
ChicagoIL60601
152 W Superior St, Unit 4R, Unit 4R
152 W Superior St
ChicagoIL60654
333 W Hubbard St
ChicagoIL60654
201 N Westshore Dr
ChicagoIL60601
211 E Ohio St
ChicagoIL60611
981 S State St
ChicagoIL60605
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!
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 | $4,038 | $2,500 | $9,000 |
| Chicago Loop 3 Bedroom Homes for Rent | $7,105 | $4,280 | $10,000+ |
| Chicago Loop 4 Bedroom Homes for Rent | $10,562 | $6,000 | $10,000+ |
| Chicago Loop 6 Bedroom Homes for Rent | $20,000 | $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 232 rentals with your search options within a 1 mile radius of the Chicago Loop Neighborhood of Chicago, IL.
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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 $1,409. 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 S15 | Studio,1BA | $1,409 |
| 440 N. Wabash Ave. | Studio | Studio,1BA | $1,675 |
| 820 Michigan by 3L Living | Studio East | Studio,1BA | $1,734 |
| The Ardus | A13 | Studio,1BA | $1,850 |
| Axis Apartments and Lofts | Studio | Studio,1BA | $1,880 |
| MDA Apartments | S2N - Modern | Studio,1BA | $1,925 |
| The Alfred | B3 | Studio,1BA | $1,940 |
| Marina City | Studio | Studio,1BA | $1,950 |
| Millennium Park Plaza | Studio | Studio,1BA | $1,965 |
Best Value Apartments for Rent in Chicago Loop, IL
As of April 15, 2026 the best value apartment in the Chicago Loop area is the $3.10 price per square foot 441 E Ohio St Model at 441 E Ohio St, Unit 2 in the in the Magnificent Mile neighborhood starting from $4,377. The second greatest value Chicago Loop apartment is the 333 E Wacker Dr Model at 333 E Wacker Dr, Unit 17 starting at $3,400 with a $2.83 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 441 E Ohio St, Unit 2 | 441 E Ohio St | 2BR,2BA | $3.10 |
| 333 E Wacker Dr, Unit 17 | 333 E Wacker Dr | 2BR,2BA | $2.83 |
| 731 Plymouth by 3L Living | 2 Bedroom East | 2BR,1BA | $2.18 |
| 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 | $2.77 |
| Asbury Plaza | Deluxe One Bedroom | 1BR,1BA | $2.93 |
| Student | The Flats East West | 3x2 | 3BR,2BA | $1.23 |
| Fisher Building Apartments | A7 | 1BR,1BA | $3.02 |
| Columbus Plaza | 1 Bedroom Elite | 1BR,1BA | $2.99 |
Frequently Asked Questions about Chicago Loop
What type of rentals are currently available in Chicago Loop?
There are currently 334 Apartments for Rent in Chicago Loop, IL with pricing that ranges from $849 to $48,409. There are also 575 Single Family Homes for rent, Condos, and Townhome rentals currently available in Chicago Loop ranging from $1,750 to $24,001.
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 $1,750 to $24,001 with an average monthly rent of $7,783.
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 $999 to $38,481, while Three Bedroom Homes, Condos, and Townhomes for rent range from $4,280 to $12,000. Four Bedroom Single-Family rentals are also available starting from $6,000 and Four Bedroom Apartments start at $879.
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
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.
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.