
Cheap Homes for Rent in Library Tower Neighborhood of Chicago, IL from $1,600 (139 Rentals)
Search the lowest-cost Homes available for rent right now in the Library Tower area of Chicago.


1401 S State St, Unit 1401 South State St

Total Monthly Price
188 N Wells St, Unit SI FL3-ID1236

300 N State St

630 S Clark St, Unit 3711

800 S Clark St, Unit 415

168 W Randolph St

263 E Wacker Dr

Total Monthly Price
1000 S Michigan Ave, Unit SI FL25-ID1349

351 N Jefferson St
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.

330 N Clinton St

1503 S State St, Unit 812

400 E Randolph St, Unit 821

180 W Lake St, Unit 1606

1322 S Wabash Ave

201 N Westshore Dr

200 N Dearborn St, Unit 04503

1529 S State St, Unit 13F

1503 S State St

579 W Kinzie St
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.

Total Monthly Price
1210 S Indiana Ave, Unit SI FL20-ID1328

1464 S Michigan Ave, Unit 206

1464 S Michigan Ave, Unit 206

1400 S Michigan Ave, Unit 27G

765 W 15th St, Unit 209

450 E Waterside Dr, Unit 407

345 N La Salle Dr

235 W Van Buren St

600 S Dearborn St

547 S Clark St
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.

400 E Randolph St, Unit 2022

200 N Dearborn St, Unit Condo

333 W Hubbard St

300 N State St, Unit 04330

20 N State St, Unit 1139

200 N Dearborn St, Unit 1503

276 E Wacker Dr

Total Monthly Price
188 N Wells St, Unit SI FL3-ID1240

1437 S State St

1389 S State St
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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.

55 E 14th St

28 E Adams St

1345 S Wabash Ave

300 N State St, Unit 3908

6 E Monroe St

900 S Wabash Ave

125 S Green St

235 W Van Buren St, Unit 1408

1255 S State St, Unit 1906

659 W Randolph St
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
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 | $3,811 | $2,499 | $6,500 |
| Library Tower 3 Bedroom Homes for Rent | $6,137 | $3,275 | $10,000+ |
| Library Tower 4 Bedroom Homes for Rent | $6,833 | $5,200 | $10,000+ |
Browse Homes for Rent in this Neighborhood
There are currently 139 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 $1,345. The Buckingham Student Living has the second lowest priced unit, which is a 4 Beds apartment currently listed from $1,390. 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 | $1,345 |
| The Buckingham Student Living | 4x2 All Private Floors 14-18 | 4BR,2BA | $1,390 |
| 820 Michigan by 3L Living | Studio East | Studio,1BA | $1,719 |
| Presidential Towers | STUDIO SIX | Studio,1BA | $1,719 |
| MDA Apartments | S2N - Modern | Studio,1BA | $1,760 |
| 30 East Roosevelt | ER_1x1 | 1BR,1BA | $1,850 |
| Marina City | Furnished Studio | Studio,1BA | $2,000 |
| Coeval | S2.L | Studio,1BA | $2,034 |
| Astoria Tower | Studio 08A | Studio,1BA | $2,079 |
| Park Michigan - 1212 S Michigan Ave | 1bd 1ba 10 | 1BR,1BA | $2,082 |
Best Value Apartments for Rent in Library Tower, IL
As of June 22, 2026 the best value apartment in the Library Tower area is the $2.88 price per square foot 3 Bedroom East Model at 731 Plymouth by 3L Living in the in the South Loop neighborhood starting from $3,199. The second greatest value Library Tower apartment is the 4x2 All Private Floors 3-13 Model at The Buckingham Student Living starting at $1,800 with a $1.67 price per square foot in the Chicago 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. |
|---|---|---|---|
| 731 Plymouth by 3L Living | 3 Bedroom East | 3BR,1.5BA | $2.88 |
| The Buckingham Student Living | 4x2 All Private Floors 3-13 | 4BR,2BA | $1.67 |
| 1401 S. State | B2-R | 2BR,2BA | $3.24 |
| TRIO Apartments | One Bedroom A4 | 2BR,2BA | $3.41 |
| 777 South State | Two Bedroom One Bathroom | 2BR,1BA | $2.87 |
| 1 E 8th St, Unit 505 | 1 E 8th St | 2BR,2BA | $3.17 |
| Fisher Building Apartments | A6 | 1BR,1BA | $2.99 |
| Park Michigan - 1212 S Michigan Ave | 1bd 1ba 11 | 1BR,1BA | $3.10 |
| Randolph Tower City Apartments | V5 | 1BR,1BA | $3.26 |
| 30 East Roosevelt | ER_1x1 | 1BR,1BA | $3.21 |
Frequently Asked Questions about Library Tower
What type of rentals are currently available in Library Tower?
There are currently 273 Apartments for Rent in Library Tower, IL with pricing that ranges from $924 to $14,477. There are also 420 Single Family Homes for rent, Condos, and Townhome rentals currently available in Library Tower ranging from $1,650 to $11,200.
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 $1,650 to $11,200 with an average monthly rent of $4,343.
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 $989 to $14,062, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,275 to $11,200. 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
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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
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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
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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
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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.
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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.

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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.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
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Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.