Cheap Apartments for Rent in the Library Tower Neighborhood of Chicago, IL from $1,000 (57 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Library Tower area of Chicago.

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.

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property at 300 N State St

300 N State St

ChicagoIL60654

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.

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property at 117 N Clark St

117 N Clark St

ChicagoIL60602

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.

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Chicago's Best Affordable Neighborhoods

Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms

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25 W Hubbard St
1 Bedroom Apartments

25 W Hubbard St

25 W Hubbard StChicago, IL 60654
  • Utilities Included
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525 S. Dearborn St.
Studio to 2 Bedroom Apartments

525 S. Dearborn St.

525-537 S Dearborn StChicago, IL 60605
  • Utilities Included
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Library Tower, Chicago, IL Local Guide

Cheapest Available Library Tower Apartments for Rent

 

The cheapest available apartment rental in the Library Tower area of Chicago, IL is a 4 Beds unit found at Buckingham priced from $1,149. 768 W. Jackson has the second lowest priced unit, which is a Studio apartment currently listed from $1,415. Here are the most affordable Library Tower apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Buckingham4x2. Floors 3-134BR,2BA$1,149
768 W. JacksonStudioStudio,1BA$1,415
30 East RooseveltER_Sx1Studio,1BA$1,550
Pittsfield ApartmentsStudio - Style CStudio,1BA$1,595
Presidential TowersSTUDIO SEVENStudio,1BA$1,615
MDA ApartmentsS2N - ModernStudio,1BA$1,640
820 Michigan by 3L LivingStudio EastStudio,1BA$1,689
ELEVEN THIRTYTier 6/12 (Studio)Studio,1BA$1,784
Park Michigan - 1212 S Michigan AveStudio 1ba 09Studio,1BA$1,855

Best Value Apartments for Rent in Library Tower, IL

As of June 23, 2025 the best value apartment in the Library Tower area is the $2.45 price per square foot B3PH Model at Fisher Building Apartments in the in the Chicago Loop neighborhood starting from $3,670. The second greatest value Library Tower apartment is the Two Bedroom 05C Model at Astoria Tower starting at $3,699 with a $2.74 price per square foot in the Near South Side neighborhood. Here is today’s list of the best values for Library Tower apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Fisher Building ApartmentsB3PH2BR,1.5BA$2.45
Astoria TowerTwo Bedroom 05C2BR,2BA$2.74
Wells Place Apartments2 Bed 2 Bath B62BR,2BA$2.84
731 Plymouth by 3L Living3 Bedroom East3BR,1.5BA$2.84
Buckingham4x2. Floors 19-214BR,2BA$1.63
680 S Federal St, Unit Apt 808680 S Federal St1BR,1BA$2.25
TRIO ApartmentsOne Bedroom 2A21BR,1.5BA$2.85
777 South StateTwo Bedroom One Bathroom2BR,1BA$2.72
1150 S Michigan Ave, Unit 11150 S Michigan Ave1BR,1BA$2.93
Marina CityOne Bedroom1BR,1BA$2.90

Quick Rent Budget Calculator

How much rent can you afford?

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Pet Friendly Lifestyle
Library Tower, Chicago, IL

Ranked #13

Among neighborhoods in Chicago, IL for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

Our team of engineers and researchers works hard to bring you comprehensive Lifestyle Ratings of rentals in cities across the United States, including Chicago. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including searching for the best amenities, and the best proximity to parks and outdoor amenities, kid and pet-friendly communities, availability of transit options, and other valuable search options. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Library Tower Apartments

What is a cheap apartment in Library Tower?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Library Tower is under $1,855.

What is the price of a cheap apartment in Library Tower?

The cheapest apartment in Library Tower is 30 East Roosevelt which is listed at $1,750, while the average apartment in Library Tower costs $6,600.

What types of apartments are the cheapest in Library Tower?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 76 regular apartments in Library Tower that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Library Tower?

Cheap apartments in Library Tower have an average cost of $559 which is $6,041 cheaper than the average rent for all rentals in Library Tower.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.