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$1,440
Total Monthly Price
Studio Apartments Available Nov 2Total Monthly Price
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$1,440
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$1,440
61 W Erie St, Unit SI FL3-ID1400
61 W Erie StChicago, IL 60654
Cheap Homes for Rent in Chicago Loop Neighborhood of Chicago, IL from $1,500 (168 Rentals)
Search the lowest-cost Homes available for rent right now in the Chicago Loop area of Chicago.
431 S Dearborn St
ChicagoIL60605
780 S Federal St
ChicagoIL60605
777 N Michigan Ave, Unit 904
777 N Michigan Ave
ChicagoIL60611
233 E Erie St
ChicagoIL60611
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$1,830
Total Monthly Price
Studio Apartments Available Aug 1Total Monthly Price
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$1,830
Total Monthly Price
$1,830
188 N Wells St, Unit SI FL3-ID1236
188 N Wells StChicago, IL 60606
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$1,830
Total Monthly Price
Studio Apartments Available Oct 1Total Monthly Price
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$1,830
Total Monthly Price
$1,830
61 W Erie St, Unit SI FL2-ID1396
61 W Erie StChicago, IL 60654
512 N McClurg Ct, Unit # 01108
512 N McClurg Ct
ChicagoIL60611
512 N McClurg Ct, Unit 1108
512 N McClurg Ct
ChicagoIL60611
70 W Huron St, Unit 12
70 W Huron St
ChicagoIL60654
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.
84 E Adams St
ChicagoIL60603
200 N Dearborn St, Unit 1503
200 N Dearborn St
ChicagoIL60601
200 N Dearborn St, Unit 1503
200 N Dearborn St
ChicagoIL60601
200 W Superior St, Unit 2706B
200 W Superior St
ChicagoIL60654
211 E Ohio St, Unit 1711
211 E Ohio St
ChicagoIL60611
130 N Garland Ct
ChicagoIL60602
871 S Clark St
ChicagoIL60605
928 S Clark St
ChicagoIL60605
800 S Clark St, Unit 415
800 S Clark St
ChicagoIL60605
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$2,020
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Studio Apartments Available Nov 16Total Monthly Price
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$2,020
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$2,020
1000 S Michigan Ave, Unit SI FL25-ID1349
1000 S Michigan AveChicago, IL 60605
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.
713 S Clark St
ChicagoIL60605
440 N Wabash Ave, Unit 01707
440 N Wabash Ave
ChicagoIL60611
106 W Chicago Ave, Unit 304
106 W Chicago Ave
ChicagoIL60654
216 N Wells St, Unit 1402
216 N Wells St
ChicagoIL60606
10 E Ontario St, Unit Great with Upgrades
10 E Ontario St
ChicagoIL60611
180 W Lake St, Unit 1606
180 W Lake St
ChicagoIL60601
200 N Dearborn St, Unit 04503
200 N Dearborn St
ChicagoIL60601
201 N Westshore Dr
ChicagoIL60601
401 E Ontario St
ChicagoIL60611
630 N Franklin St, Unit 513
630 N Franklin St
ChicagoIL60654
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
630 N Franklin St, Unit 513
630 N Franklin St
ChicagoIL60654
400 E Randolph St, Unit 821
400 E Randolph St
ChicagoIL60601
208 W Washington St
ChicagoIL60606
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$2,1201 Bedroom Apartments Available Now
469 E Ohio St, Unit 469 E Ohio
469 E Ohio StChicago, IL 60611
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$2,125Studio Apartments Available Now
688 N LaSalle St, Unit 688 N Lasalle
688 N LaSalle StChicago, IL 60654
535 N Michigan Ave, Unit 2507
535 N Michigan Ave
ChicagoIL60611
630 S Clark St, Unit 3711
630 S Clark St
ChicagoIL60605
113 W Chicago Ave
ChicagoIL60654
735 N Dearborn St
ChicagoIL60654
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$2,170
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1 Bedroom Apartments Available Aug 1Total Monthly Price
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$2,170
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$2,170
188 N Wells St, Unit SI FL3-ID1240
188 N Wells StChicago, IL 60606
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.
750 N Dearborn St
ChicagoIL60654
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$2,190
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Studio Apartments Available Oct 1Total Monthly Price
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$2,190
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$2,190
500 N Lake Shore Dr, Unit SI FL5-ID394
500 N Lake Shore DrChicago, IL 60611
11 E 9th St
ChicagoIL60605
235 W Van Buren St
ChicagoIL60607
736 N Dearborn St
ChicagoIL60654
400 E Randolph St, Unit 3712
400 E Randolph St
ChicagoIL60601
400 E Randolph St, Unit 2022
400 E Randolph St
ChicagoIL60601
360 W Illinois St
ChicagoIL60654
30 W Huron St, Unit 02606
30 W Huron St
ChicagoIL60654
300 N State St, Unit 04330
300 N State St
ChicagoIL60654
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!
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 | $4,227 | $2,699 | $10,000+ |
| Chicago Loop 3 Bedroom Homes for Rent | $8,377 | $3,000 | $10,000+ |
| Chicago Loop 4 Bedroom Homes for Rent | $11,000 | $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 168 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 4 Beds unit found at The Buckingham priced from $1,754. Axis Apartments and Lofts has the second lowest priced unit, which is a Studio apartment currently listed from $1,860. Here are the most affordable Chicago Loop apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Buckingham | 4x2 All Private Floors 14-18 | 4BR,2BA | $1,754 |
| Axis Apartments and Lofts | Studio | Studio,1BA | $1,860 |
| MDA Apartments | S3N - Modern | Studio,1BA | $1,900 |
| The Alfred | B7 | Studio,1BA | $1,965 |
| Marina City | Furnished Studio | Studio,1BA | $2,000 |
| Arrive Streeterville | 04 Studio | Studio,1BA | $2,019 |
| 320 N. Michigan | Studio | Studio,1BA | $2,025 |
| Astoria Tower | Studio 08A | Studio,1BA | $2,039 |
Best Value Apartments for Rent in Chicago Loop, IL
As of May 31, 2026 the best value apartment in the Chicago Loop area is the $2.11 price per square foot Two Bedroom 1324 sq ft Model at 440 N. Wabash Ave. in the in the Magnificent Mile neighborhood starting from $2,800. The second greatest value Chicago Loop apartment is the 2-BR/2BA Model at 750 N. Rush starting at $3,557 with a $2.88 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. |
|---|---|---|---|
| 440 N. Wabash Ave. | Two Bedroom 1324 sq ft | 2BR,2BA | $2.11 |
| 750 N. Rush | 2-BR/2BA | 2BR,2BA | $2.88 |
| The Buckingham | 4x2 All Private Floors 3-13 | 4BR,2BA | $1.67 |
| 731 Plymouth by 3L Living | 2 Bedroom East | 2BR,1BA | $2.18 |
| 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 | $2.97 |
| Fisher Building Apartments | A6 | 1BR,1BA | $2.98 |
| Columbus Plaza | 1 Bedroom Elite | 1BR,1BA | $3.02 |
| 545 N Dearborn St, Unit 2201B | 545 N Dearborn St | 1BR,1BA | $3.08 |
Frequently Asked Questions about Chicago Loop
What type of rentals are currently available in Chicago Loop?
There are currently 330 Apartments for Rent in Chicago Loop, IL with pricing that ranges from $970 to $48,409. There are also 548 Single Family Homes for rent, Condos, and Townhome rentals currently available in Chicago Loop ranging from $1,500 to $23,500.
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 $1,500 to $23,500 with an average monthly rent of $8,101.
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 $3,000 to $23,500. Four Bedroom Single-Family rentals are also available starting from $6,000 and Four Bedroom Apartments start at $970.
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
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
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.
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.