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$1,430
Total Monthly Price
Studio Apartments Available Nov 22Total Monthly Price
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$1,430
Total Monthly Price
$1,430
61 W Erie St, Unit SI FL2-ID1396
61 W Erie StChicago, IL 60654
Cheap Homes for Rent in the Chicago Loop Neighborhood of Chicago, IL from $1,600 (210 Rentals)
Search the lowest-cost Homes available for rent right now in the Chicago Loop area of Chicago.
40 E 9th St
ChicagoIL60605
535 N Michigan Ave, Unit 2410
535 N Michigan Ave
ChicagoIL60611
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$1,660
Total Monthly Price
Studio Apartments Available Nov 8Total Monthly Price
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$1,660
Total Monthly Price
$1,660
61 W Erie St, Unit SI FL5-ID1412
61 W Erie StChicago, IL 60654
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$1,770
Total Monthly Price
Studio Apartments Available Sep 4Total Monthly Price
Base Rent
$1,770
Total Monthly Price
$1,770
188 N Wells St, Unit SI FL3-ID1236
188 N Wells StChicago, IL 60606
777 N Michigan Ave
ChicagoIL60611
200 N Dearborn St, Unit 1503
200 N Dearborn St
ChicagoIL60601
630 S Clark St, Unit 3711
630 S Clark St
ChicagoIL60605
400 E Randolph St, Unit 2022
400 E Randolph St
ChicagoIL60601
200 W Superior St, Unit 2706B
200 W Superior 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.
200 N Dearborn St, Unit Condo
200 N Dearborn St
ChicagoIL60601
152 W Superior St, Unit 4R
152 W Superior St
ChicagoIL60654
440 N Wabash Ave, Unit 01707
440 N Wabash Ave
ChicagoIL60611
106 W Chicago Ave, Unit 304
106 W Chicago Ave
ChicagoIL60654
641 N Wells St
ChicagoIL60654
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$2,070
Total Monthly Price
1 Bedroom Apartments Available Aug 16Total Monthly Price
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$2,070
Total Monthly Price
$2,070
61 W Erie St, Unit SI FL3-ID1403
61 W Erie StChicago, IL 60654
888 S Michigan Ave, Unit 502
888 S Michigan Ave
ChicagoIL60605
216 N Wells St, Unit 1402
216 N Wells St
ChicagoIL60606
730 N Dearborn St
ChicagoIL60654
200 N Dearborn St, Unit 2405
200 N Dearborn 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.
180 W Lake St, Unit 1606
180 W Lake St
ChicagoIL60601
200 N Dearborn St, Unit 04503
200 N Dearborn St
ChicagoIL60601
400 E Randolph St, Unit 821
400 E Randolph St
ChicagoIL60601
700 N La Salle Dr
ChicagoIL60654
176 N Wells St
ChicagoIL60606
233 E Erie St
ChicagoIL60611
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$2,1201 Bedroom Apartments Available Feb 10, 2027
420 E Ohio St, Unit SI FL11-ID583
420 E Ohio StChicago, IL 60611
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$2,140
Total Monthly Price
Studio Apartments Available Nov 16Total Monthly Price
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$2,140
Total Monthly Price
$2,140
1000 S Michigan Ave, Unit SI FL25-ID1349
1000 S Michigan AveChicago, IL 60605
263 E Wacker Dr
ChicagoIL60601
746 N Dearborn 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.
211 E Ohio St, Unit 2513
211 E Ohio St
ChicagoIL60611
535 N Michigan Ave, Unit 2507
535 N Michigan Ave
ChicagoIL60611
794 N La Salle Dr
ChicagoIL60654
201 W Ontario St
ChicagoIL60654
661 N Wells St
ChicagoIL60654
424 W Grand Ave
ChicagoIL60654
20 N State St, Unit 1139
20 N State St
ChicagoIL60602
235 W Van Buren St
ChicagoIL60607
30 W Huron St, Unit 02606
30 W Huron St
ChicagoIL60654
300 N State St, Unit 04330
300 N State 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.
360 W Illinois St
ChicagoIL60654
400 E Randolph St, Unit 3022
400 E Randolph St
ChicagoIL60601
20 N State St, Unit 912
20 N State St
ChicagoIL60602
130 N Garland Ct
ChicagoIL60602
216 W Chicago Ave
ChicagoIL60654
70 W Huron St
ChicagoIL60654
501 N Kingsbury St
ChicagoIL60654
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$2,220
Total Monthly Price
1 Bedroom Apartments Available Oct 7Total Monthly Price
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$2,220
Total Monthly Price
$2,220
750 N Rush St, Unit SI FL13-ID269
750 N Rush StChicago, IL 60611
544 N State St
ChicagoIL60654
501 N State St
ChicagoIL60654
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.
Showing Results 1-50, Page 1 of 5
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 | $4,235 | $2,500 | $10,000+ |
| Chicago Loop 3 Bedroom Homes for Rent | $7,750 | $3,400 | $10,000+ |
| Chicago Loop 4 Bedroom Homes for Rent | $6,697 | $5,200 | $7,540 |
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 210 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 Axis Apartments and Lofts priced from $1,870. MDA Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,925. Here are the most affordable Chicago Loop apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Axis Apartments and Lofts | Studio | Studio,1BA | $1,870 |
| MDA Apartments | S2N - Modern | Studio,1BA | $1,925 |
| Marina City | Furnished Studio | Studio,1BA | $2,000 |
| ELEVEN THIRTY | Tier 6/12 (Studio) | Studio,1BA | $2,009 |
| 330 S. Wells St | 02 Tier Studio | Studio,1BA | $2,020 |
| The Grand Central | S2 | Studio,1BA | $2,047 |
| Astoria Tower | Studio 08A | Studio,1BA | $2,079 |
| Hugo River North | Studio | Studio,1BA | $2,095 |
| 777 South State | One Bedroom | 1BR,1BA | $2,110 |
| 320 N. Michigan | Studio | Studio,1BA | $2,125 |
Best Value Apartments for Rent in Chicago Loop, IL
As of July 15, 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 Bedroom Model at 10 E. Ontario St. starting at $3,600 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 |
| 10 E. Ontario St. | 2 Bedroom | 2BR,2BA | $2.88 |
| 731 Plymouth by 3L Living | 3 Bedroom East | 3BR,1.5BA | $2.88 |
| The 808 Cleveland | D5 | leasing per bedroom | 4BR,3BA | $1.53 |
| 607 N Wells St | 607 N Wells St | 1BR,1BA | $2.88 |
| 750 N. Rush | 1-BR/1BA | 1BR,1BA | $3.06 |
| 211 E Ohio St, Unit 2719 | 211 E Ohio St | 1BR,1BA | $2.71 |
| Asbury Plaza | Deluxe One Bedroom | 1BR,1BA | $2.82 |
| 545 N Dearborn St, Unit 2201B | 545 N Dearborn St | 1BR,1BA | $3.08 |
| 777 South State | One Bedroom | 1BR,1BA | $2.82 |
Frequently Asked Questions about Chicago Loop
What type of rentals are currently available in Chicago Loop?
There are currently 332 Apartments for Rent in Chicago Loop, IL with pricing that ranges from $924 to $48,409. There are also 519 Single Family Homes for rent, Condos, and Townhome rentals currently available in Chicago Loop ranging from $1,650 to $22,000.
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 $1,650 to $22,000 with an average monthly rent of $4,726.
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 $989 to $38,481, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,400 to $22,000. Four Bedroom Single-Family rentals are also available starting from $5,200 and Four Bedroom Apartments start at $924.
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
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.
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.
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.
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.