640 S Federal St
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Cheap Homes for Rent in Library Tower Neighborhood of Chicago, IL from $1,400 (91 Rentals)
Search the lowest-cost Homes available for rent right now in the Library Tower area of Chicago.
780 S Federal St
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$1,770Studio Apartments Available Aug 1
188 N Wells St, Unit SI FL3-ID1236
188 N Wells StChicago, IL 60606
1255 S State St, Unit 15B, Unit 15B
1255 S State St
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30 E Roosevelt Rd
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899 S Plymouth Ct
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899 S Plymouth Ct, Unit 1806, Unit 1806
899 S Plymouth Ct
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899 S Plymouth Ct, Unit 1806
899 S Plymouth Ct
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1120 S Michigan Ave, Unit 1404
1120 S Michigan Ave
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300 N State St, Unit 2504, Unit 2504
300 N State St
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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.
65 E 14th St
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130 N Garland Ct
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$2,010Studio Apartments Available Nov 16
1000 S Michigan Ave, Unit SI FL25-ID1349
1000 S Michigan AveChicago, IL 60605
28 E Adams St
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330 N Clinton St
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200 N Dearborn St
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200 N Dearborn St, Unit 3708, Unit 3708
200 N Dearborn St
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11 E 9th St
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1171 S Michigan Ave
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359 W Hubbard St
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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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$2,0901 Bedroom Apartments Available Aug 1
188 N Wells St, Unit SI FL3-ID1240
188 N Wells StChicago, IL 60606
216 N Wells St, Unit 1402, Unit 1402
216 N Wells St
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1529 S State St, Unit 13F, Unit 13F
1529 S State St
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200 N Dearborn St, Unit 04503, Unit 04503
200 N Dearborn St
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1322 S Wabash Ave
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201 N Westshore Dr
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208 W Washington St
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400 E Randolph St
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333 W Hubbard St
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365 W Hubbard St
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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.
565 W Quincy St, Unit 25A, Unit 25A
565 W Quincy St
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235 W Van Buren St
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1400 S Michigan Ave, Unit 27G, Unit 27G
1400 S Michigan Ave
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630 S Clark St, Unit 3711, Unit 3711
630 S Clark St
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310 S Michigan Ave
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203 N Garland Ct
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400 E Randolph St, Unit 3712, Unit 3712
400 E Randolph St
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$2,2001 Bedroom Apartments Available Now
172 W Randolph St, Unit 1806
172 W Randolph StChicago, IL 60601
300 N State St, Unit 04330, Unit 04330
300 N State St
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20 N State St, Unit 1139, Unit 1139
20 N State St
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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.
333 W Hubbard St
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336 E Wacker Dr
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1255 S State St
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235 W Van Buren St
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75 N Dearborn St
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431 S Dearborn St, Unit 909, Unit 909
431 S Dearborn St
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431 S Dearborn St
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345 N La Salle Dr, Unit 1804, Unit 1804
345 N La Salle Dr
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$2,2501 Bedroom Apartments Available Jun 21
188 N Wells St, Unit SI FL3-ID1239
188 N Wells StChicago, IL 60606
125 S Green St
ChicagoIL60607
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!
Library Tower, Chicago, IL Local Guide
How much does it cost to rent a home in Library Tower?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Library Tower 2 Bedroom Homes for Rent | $3,785 | $2,575 | $8,545 |
| Library Tower 3 Bedroom Homes for Rent | $6,534 | $4,250 | $10,000+ |
| Library Tower 4 Bedroom Homes for Rent | $11,062 | $8,250 | $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 91 rentals with your search options within a 1 mile radius of the Library Tower Neighborhood of Chicago, IL.
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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 $1,425. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 768 W. Jackson | Studio | Studio,1BA | $1,425 |
| 820 Michigan by 3L Living | Studio East | Studio,1BA | $1,719 |
| Marina City | Studio | Studio,1BA | $1,725 |
| Presidential Towers | STUDIO SIX | Studio,1BA | $1,738 |
| 30 East Roosevelt | ER_1x1 | 1BR,1BA | $1,750 |
| ELEVEN THIRTY | Tier 6/12 (Studio) | Studio,1BA | $1,798 |
| The Alfred | A3 | Studio,1BA | $1,850 |
| MDA Apartments | S3N - Modern | Studio,1BA | $1,900 |
| Century Tower | Studio 08 | Studio,1BA | $1,945 |
| 320 N. Michigan | 1 Bedroom | 1BR,1BA | $1,965 |
Best Value Apartments for Rent in Library Tower, IL
As of May 08, 2026 the best value apartment in the Library Tower area is the $2.96 price per square foot 2 Bed 2 Bath B7 Model at Wells Place Apartments in the in the Near South Side neighborhood starting from $3,462. The second greatest value Library Tower apartment is the 2 Bedroom West Model at 731 Plymouth by 3L Living starting at $2,269 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Wells Place Apartments | 2 Bed 2 Bath B7 | 2BR,2BA | $2.96 |
| 731 Plymouth by 3L Living | 2 Bedroom West | 2BR,1BA | $2.25 |
| River City Apartments | 2 BR Standard | 2BR,2BA | $3.17 |
| ONE333 | Two Bedroom b1 | 2BR,2BA | $3.28 |
| 777 South State | Two Bedroom One Bathroom | 2BR,1BA | $2.77 |
| Linea Apartments | 1E | 1BR,1BA | $3.25 |
| Student | The Flats East West | 3x2 | 3BR,2BA | $1.23 |
| Columbus Plaza | 1 Bedroom | 1BR,1BA | $2.79 |
| 1401 S. State | A3-R | 1BR,1BA | $3.30 |
| 30 East Roosevelt | ER_1x1 | 1BR,1BA | $3.03 |
Frequently Asked Questions about Library Tower
What type of rentals are currently available in Library Tower?
There are currently 269 Apartments for Rent in Library Tower, IL with pricing that ranges from $970 to $44,811. There are also 500 Single Family Homes for rent, Condos, and Townhome rentals currently available in Library Tower ranging from $1,486 to $17,000.
What is the current price range for Rental Homes in Library Tower?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Library Tower ranges from $1,486 to $17,000 with an average monthly rent of $5,249.
How much are larger Three and Four Bedroom Rentals in Library Tower?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Library Tower range from $999 to $16,200, while Three Bedroom Homes, Condos, and Townhomes for rent range from $4,250 to $17,000. Four Bedroom Single-Family rentals are also available starting from $8,250 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.
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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago
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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
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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.
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.