Cheap Apartments for Rent in the Library Tower Neighborhood of Chicago, IL from $800 (207 Rentals)

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

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.

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Imprint
$1,927 - $6,375
Total Monthly Price

Total Monthly Price

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$1,927 - $6,375
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Studio to 4 Bedroom Apartments Available Now

Imprint

717 S Clark StChicago, IL 60605
Corporate Housing
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  • Customer Reviewed
  • 3D Tour

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.

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Coeval
Rent Specials
$1,955 - $4,926
Total Monthly Price

Total Monthly Price

Base Rent
$1,955 - $4,926
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Studio to 2 Bedroom Apartments Available Now

Coeval

51 E 14th StChicago, IL 60605
Corporate Housing
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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 130 N Garland Ct

$2,000 - $2,200

Total Monthly Price

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$2,000 - $2,200
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$2,000 - $2,200

Studio, 1 Bath Condo for Rent

Available Now

130 N Garland Ct

ChicagoIL60602

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.

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1400 Wabash
$2,058 - $7,568
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$2,058 - $7,568
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Studio to 3 Bedroom Apartments Available Now

1400 Wabash

1400 S Wabash AveChicago, IL 60605
Corporate Housing
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property at 400 N La Salle Dr

$2,080 - $2,800

Studio To 1 Bedroom Rentals

Available May 1

400 N La Salle Dr

ChicagoIL60654

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!

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Showing Results 1-50, Page 1 of 5

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 Studio unit found at 768 W. Jackson priced from $1,425. 820 Michigan by 3L Living has the second lowest priced unit, which is a Studio apartment currently listed from $1,719. Here are the most affordable Library Tower apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
768 W. JacksonStudioStudio,1BA$1,425
820 Michigan by 3L LivingStudio EastStudio,1BA$1,719
Presidential TowersSTUDIO SIXStudio,1BA$1,744
30 East RooseveltER_1x11BR,1BA$1,750
The AlfredA3Studio,1BA$1,895
MDA ApartmentsS2N - ModernStudio,1BA$1,925
Fisher Building ApartmentsA11BR,1BA$1,925
Marina CityStudioStudio,1BA$1,950
330 S. Wells St02 Tier StudioStudio,1BA$1,960
Millennium Park PlazaStudioStudio,1BA$1,965

Best Value Apartments for Rent in Library Tower, IL

As of April 21, 2026 the best value apartment in the Library Tower area is the $2.18 price per square foot 2 Bedroom East Model at 731 Plymouth by 3L Living in the in the South Loop neighborhood starting from $2,199. The second greatest value Library Tower apartment is the 680 S Federal St Model at 680 S Federal St, Unit Apt 808 starting at $2,250 with a $2.25 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 ListingModel NameBed/BathPrice Per Sq.Ft.
731 Plymouth by 3L Living2 Bedroom East2BR,1BA$2.18
680 S Federal St, Unit Apt 808680 S Federal St1BR,1BA$2.25
River City Apartments2 BR Standard2BR,2BA$3.17
Student | The Flats East West3x23BR,2BA$1.23
1401 S. StateA13-R1BR,1BA$3.08
Columbus Plaza1 Bedroom Elite1BR,1BA$2.99
777 South StateOne Bedroom1BR,1BA$2.84
Fisher Building ApartmentsA41BR,1BA$3.05
161 N Jefferson St161 N Jefferson StStudio ,1BA$3.45
30 East RooseveltER_1x11BR,1BA$3.03

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Best Neighborhoods to Rent in Near Chicago's Top Employers: A Guide for Renters

A Local Expert's Guide to The 10 Best Chicago Neighborhoods near Major Local Employers. Find your perfect Chicago, IL apartment, condo, or rental home today at ApartmentHomeLiving.com

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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.

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A Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Chicago, IL metro area for affordable living. Find your perfect Chicago Student apartment, condo, or rental home today at ApartmentHomeliving.com

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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.

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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 the Cheapest Studio apartment in Library Tower?

Currently the most affordable Cheap Studio Apartment in Library Tower is at MDA Apartments listed at $1,116.

How much is rent for a Cheap One Bedroom Library Tower Apartment?

The lowest price for a Cheap One Bedroom Library Tower Apartment is $1,750 at 30 East Roosevelt.

What is the lowest price for a Cheap Two Bedroom Library Tower Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Library Tower is starting from $2,199 at 731 Plymouth by 3L Living.

What is the most affordable Library Tower Three Bedroom Apartment?

The best deal on a cheap Library Tower Three Bedroom Apartment rental is at Millennium Park Plaza and starts from $3,895.

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

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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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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.

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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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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

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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.

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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.

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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.

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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.