
Cheap Apartments for Rent in the Library Tower Neighborhood of Chicago, IL from $800 (48 Rentals)
Search the lowest-cost Apartments available for rent right now in the Library Tower area of Chicago.


188 N Wells St

Straits Row

Pittsfield Apartments

820 Michigan by 3L Living

188 N Wells St

601 W Jackson Blvd

180 N Jefferson St

180 N Jefferson St
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210 N Wells St

30 East Roosevelt

Fisher Building Apartments

Presidential Towers

1212 S Michigan Ave

MDA Apartments

Astoria Tower

215 W Lake St

201 N Garland Ct
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777 South State

1212 S Michigan Ave

The Alfred

1407 on Michigan

1000 S Michigan Ave

Total Monthly Price
Coeval

The Elle Apartments

Park Michigan - 1212 S Michigan Ave

Marina City
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345 N La Salle Dr

210 N Wells St

Millennium Park Plaza

Eleven40

Total Monthly Price
1400 Wabash

330 S. Wells St

60 E Randolph St

188 N Wells St

Total Monthly Price
Imprint
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320 N. Michigan

The Station Lofts

Century Tower

25 W Hubbard St

525 S. Dearborn St.

1251 S Michigan - Senior Living

Luxury condo unit

R+D659

Randolph Tower City Apartments
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The Tides at Lakeshore East

180 W. Adams

200 N. Dearborn St.
Library Tower, Chicago, IL Local Guide

How much does it cost to rent an apartment in Library Tower?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Library Tower Studio Apartments | $2,353 | $1,325 | $6,511 |
| Library Tower 1 Bedroom Apartments | $2,879 | $1,480 | $10,000+ |
| Library Tower 2 Bedroom Apartments | $3,998 | $1,359 | $10,000+ |
| Library Tower 3 Bedroom Apartments | $5,544 | $1,359 | $10,000+ |
| Library Tower 4 Bedroom Apartments | $2,252 | $1,359 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 48 rentals with your search options within a 1 mile radius of the Library Tower Neighborhood of Chicago, IL.
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Library Tower, Chicago, IL Local Guide
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Cheapest Available Library Tower Apartments for Rent
 The cheapest available apartment rental in the Library Tower area of Chicago, IL is a Studio unit found at 768 W. Jackson priced from $1,325. 820 Michigan by 3L Living has the second lowest priced unit, which is a Studio apartment currently listed from $1,689. Here are the most affordable Library Tower apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 768 W. Jackson | Studio | Studio,1BA | $1,325 |
| 820 Michigan by 3L Living | Studio East | Studio,1BA | $1,689 |
| 30 East Roosevelt | ER_1x1 | 1BR,1BA | $1,750 |
| Presidential Towers | STUDIO SIX | Studio,1BA | $1,763 |
| MDA Apartments | S3N - Modern | Studio,1BA | $1,790 |
| The Alfred | B5 | Studio,1BA | $1,890 |
| Park Michigan - 1212 S Michigan Ave | Studio 1ba 09 | Studio,1BA | $1,944 |
| Millennium Park Plaza | Studio | Studio,1BA | $1,965 |
| 1407 on Michigan | S7 | Studio,1BA | $1,967 |
| 320 N. Michigan | 1 Bedroom | 1BR,1BA | $1,995 |
Best Value Apartments for Rent in Library Tower, IL
As of March 07, 2026 the best value apartment in the Library Tower area is the $1.24 price per square foot 4 BEDROOM/4 BATHROOM - D Model at 30 East in the in the South Loop neighborhood starting from $1,730. The second greatest value Library Tower apartment is the 3 Bedrooms Floor Plan C1 Model at The Regal Apartments starting at $2,744 with a $2.08 price per square foot in the South Loop neighborhood. Here is today’s list of the best values for Library Tower apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 30 East | 4 BEDROOM/4 BATHROOM - D | 4BR,4BA | $1.24 |
| The Regal Apartments | 3 Bedrooms Floor Plan C1 | 3BR,2.5BA | $2.08 |
| 333 E Wacker Dr, Unit 17 | 333 E Wacker Dr | 2BR,2BA | $2.83 |
| Wells Place Apartments | 2 Bed 2 Bath B5 | 2BR,2BA | $2.87 |
| 1464 S MICHIGAN | 1464 S MICHIGAN | 2BR,2BA | $2.50 |
| 731 Plymouth by 3L Living | 2 Bedroom East | 2BR,1BA | $2.25 |
| 680 S Federal St, Unit Apt 808 | 680 S Federal St | 1BR,1BA | $2.25 |
| 777 South State | Two Bedroom One Bathroom | 2BR,1BA | $2.79 |
| Student | The Flats East West | 3x2 | 3BR,2BA | $1.23 |
| Columbus Plaza | 1 Bedroom Elite | 1BR,1BA | $3.01 |
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Read ArticleA Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
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Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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 $1,995.
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 $33,800.
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 34 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 $661 which is $33,139 cheaper than the average rent for all rentals in Library Tower.
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.

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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.
Articles, How-To's, and Tips

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Written by: Christine Leonard, Esq.
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Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.