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$1,150 - $1,4501 Bedroom Apartments Available Now
Prairie CoLiving
2423 S State StChicago, IL 60616
Cheap Apartments for Rent in the South Loop Neighborhood of Chicago, IL from $830 (139 Rentals)
Search the lowest-cost Apartments available for rent right now in the South Loop area of Chicago.
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$1,199 - $5,997Studio to 4 Bedroom Apartments Available Now
626 on the Park
626 S Wabash AveChicago, IL 60605
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$1,299 - $2,457Studio to 4 Bedroom Apartments Available Now
Straits Row
633 S La Salle StChicago, IL 60605
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$1,429 - $1,739Studio to 1 Bedroom Apartments Available Now
21st Street Lofts by 3L Living
61 E 21st StChicago, IL 60616
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$1,595
Total Monthly Price
Base Rent$1,595
Total Monthly Price$1,595
1824 S Canalport Ave, Unit 1
1824 S Canalport AveChicago, IL 60616
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$1,700 - $2,100Studio to 2 Bedroom Apartments Available Now
30 East Roosevelt
30 E Roosevelt RdChicago, IL 60605
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$1,800
Total Monthly Price
Base Rent$1,800
Total Monthly Price$1,800
30 E Roosevelt Rd, Unit SI FL7-ID805
30 E Roosevelt RdChicago, IL 60605
1212 S Michigan Ave, Unit 903
1212 S Michigan Ave
ChicagoIL60605
1212 S Michigan Ave, Unit 809
1212 S Michigan Ave
ChicagoIL60605
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$1,884 - $5,606Studio to 2 Bedroom Apartments Available Sep 17
Eleven40
1140 So Wabash AveChicago, IL 60605
The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago
Chicago may cost more than the national average, but with the right neighborhood, a smart transit strategy, and a few local insider tips, living well in the Windy City is more achievable than you might think. Our local expert breaks down everything from rent and groceries to transportation and healthcare so you can plan your move with confidence.
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$1,889 - $2,599Studio to 2 Bedroom Apartments Available Now
820 Michigan by 3L Living
820 S Michigan AveChicago, IL 60605
2024 S Wabash Ave
ChicagoIL60616
1212 S Michigan Ave, Unit 605
1212 S Michigan Ave
ChicagoIL60605
1212 S Michigan Ave, Unit 1507
1212 S Michigan Ave
ChicagoIL60605
1224 S Michigan Ave
ChicagoIL60605
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$1,929 - $2,5991 to 2 Bedroom Apartments Available Now
731 Plymouth by 3L Living
731 S Plymouth CtChicago, IL 60605
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$1,940 - $3,652Studio to 2 Bedroom Apartments Available Now
Park Michigan - 1212 S Michigan Ave
1212 S Michigan AveChicago, IL 60605
1212 S Michigan Ave, Unit 1205
1212 S Michigan Ave
ChicagoIL60605
1305 S Michigan Ave
ChicagoIL60605
1213 S Michigan Ave
ChicagoIL60605
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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$1,979 - $5,029Studio to 2 Bedroom Apartments Available Now
Astoria Tower
8 E 9th StChicago, IL 60605
801 S Plymouth Ct, Unit 319
801 S Plymouth Ct
ChicagoIL60605
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$2,005 - $3,055Studio to 2 Bedroom Apartments Available Now
777 South State
2 E 8th StChicago, IL 60605
712 S Clark St
ChicagoIL60605
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$2,020
Total Monthly Price
Base Rent$2,020
Total Monthly Price$2,020
30 E Roosevelt Rd, Unit SI FL8-ID804
30 E Roosevelt RdChicago, IL 60605
1212 S Michigan Ave, Unit 2509
1212 S Michigan Ave
ChicagoIL60605
1212 S Michigan Ave, Unit 2807
1212 S Michigan Ave
ChicagoIL60605
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$2,029 - $8,943Studio to 3 Bedroom Apartments Available Now
1407 on Michigan
1407 S Michigan AveChicago, IL 60605
630 S Clark St, Unit 3711
630 S Clark St
ChicagoIL60605
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$2,044 - $11,106
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Base Rent$2,044 - $11,106
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Imprint
717 S Clark StChicago, IL 60605
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!
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$2,054 - $5,635
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Base Rent$2,054 - $5,635
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Coeval
51 E 14th StChicago, IL 60605
1212 S Michigan Ave, Unit 2404
1212 S Michigan Ave
ChicagoIL60605
50 E 14th St
ChicagoIL60605
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$2,100 - $2,7953 Bedroom Apartments Available Now
2001 S State St
2001 S State StChicago, IL 60616
1400 S Michigan Ave, Unit 27G
1400 S Michigan Ave
ChicagoIL60605
1322 S Wabash Ave
ChicagoIL60605
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$2,100
Total Monthly Price
Base Rent$2,100
Total Monthly Price$2,100
602 W 26th St, Unit 1
602 W 26th StChicago, IL 60616
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$2,116 - $3,037Studio to 3 Bedroom Apartments Available Now
2101 Michigan
2101 S Michigan AveChicago, IL 60616
500 S Clinton St, Unit 745
500 S Clinton St
ChicagoIL60607
1212 S Michigan Ave, Unit 1106
1212 S Michigan Ave
ChicagoIL60605
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.
1212 S Michigan Ave, Unit 1406
1212 S Michigan Ave
ChicagoIL60605
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$2,169 - $7,568
Total Monthly Price
Base Rent$2,169 - $7,568
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1400 Wabash
1400 S Wabash AveChicago, IL 60605
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$2,169 - $9,840Studio to 3 Bedroom Apartments Available Now
The Grand Central
221 W Harrison StChicago, IL 60607
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$2,200
Total Monthly Price
Base Rent$2,200
Total Monthly Price$2,200
1000 S Michigan Ave, Unit SI FL25-ID1349
1000 S Michigan AveChicago, IL 60605
1307 S Wabash Ave, Unit 305
1307 S Wabash Ave
ChicagoIL60605
222 W 26th St, Unit 205
222 W 26th St
ChicagoIL60616
701 S Wells St, Unit 803
701 S Wells St
ChicagoIL60607
1246 S Federal St
ChicagoIL60605
1406 S Wabash Ave
ChicagoIL60605
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$2,213 - $7,821Studio to 3 Bedroom Apartments Available Now
The Elle Apartments
801 S Financial PlChicago, IL 60605
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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South Loop, Chicago, IL Local Guide
Copyright CoStar Group, Inc
How much does it cost to rent an apartment in South Loop?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| South Loop Studio Apartments | $2,513 | $1,429 | $10,000+ |
| South Loop 1 Bedroom Apartments | $2,902 | $1,150 | $9,831 |
| South Loop 2 Bedroom Apartments | $3,890 | $2,100 | $10,000+ |
| South Loop 3 Bedroom Apartments | $5,225 | $2,100 | $10,000+ |
| South Loop 4 Bedroom Apartments | $3,314 | $1,025 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 139 rentals with your search options within a 2 mile radius of the South Loop Neighborhood of Chicago, IL.
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South Loop, Chicago, IL Local Guide
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Cheapest Available South Loop Apartments for Rent
The cheapest available apartment rental in the South Loop area of Chicago, IL is a 1 Bed unit found at Prairie CoLiving priced from $1,150. 21st Street Lofts by 3L Living has the second lowest priced unit, which is a Studio apartment currently listed from $1,429. Here are the most affordable South Loop apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Prairie CoLiving | Private bedroom with en-suite bathroom | 1BR,1BA | $1,150 |
| 21st Street Lofts by 3L Living | Studio - B | Studio,1BA | $1,429 |
| Straits Row | Private Bedspace in a D6 with Roommates | 4BR,4BA | $1,599 |
| 30 East Roosevelt | ER_1x1 | 1BR,1BA | $1,750 |
| 820 Michigan by 3L Living | Studio North | Studio,1BA | $1,889 |
| 731 Plymouth by 3L Living | 1 Bedroom East | 1BR,1BA | $1,929 |
| Astoria Tower | Studio 08A | Studio,1BA | $1,979 |
| Park Michigan - 1212 S Michigan Ave | Studio 1ba 09 | Studio,1BA | $2,003 |
| 777 South State | Convertible Studio | Studio,1BA | $2,005 |
| 2101 Michigan | 1 Bed 1 Bath A | 1BR,1BA | $2,116 |
Best Value Apartments for Rent in South Loop, IL
As of September 13, 2026 the best value apartment in the South Loop area is the $1.67 price per square foot 5B2B Model at 2010 S. Wabash Ave in the in the Near South Side neighborhood starting from $3,500. The second greatest value South Loop apartment is the 3 Bed Model at Vesta Lofts Apartments starting at $2,900 with a $2.22 price per square foot in the Near South Side neighborhood. Here is today’s list of the best values for South Loop apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 2010 S. Wabash Ave | 5B2B | 5BR,2BA | $1.67 |
| Vesta Lofts Apartments | 3 Bed | 3BR,2BA | $2.22 |
| The Shelby | C3 | 2BR,2BA | $2.81 |
| Dwight Lofts | 5 Person Private | 4BR,2BA | $1.22 |
| 2001 S State St | 3 Bed/2 Bath | 3BR,2BA | $2.36 |
| The Regal Apartments | 2 Bedrooms Floor Plan B2 | 2BR,2BA | $2.47 |
| 731 Plymouth by 3L Living | 2 Bedroom East | 2BR,1BA | $2.57 |
| Carriage House Lofts | 1 BED 1 BATH | 1BR,1BA | $2.45 |
| 30 East | 2 BEDROOM/2 BATHROOM - B3 | 2BR,2BA | $2.32 |
| 30 East Roosevelt | ER_1x1 | 1BR,1BA | $3.03 |
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
Read ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleA 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
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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Lifestyle Ratings
ApartmentHomeLiving.com compiles millions of data points to bring you comprehensive Lifestyle Ratings of rentals in metropolitan areas across the United States including South Loop, Chicago, and the greater Chicago area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including our Star Ratings to compare for proximity to parks, luxury amenities, transit availability, pet-friendly communities, multifamily communities for the kids, in addition to floorplans, availablity, and pricing. Find Lifestyle Search in the filter options (above). Happy Searching!
Frequently Asked Questions about Cheap South Loop Apartments
What is a cheap apartment in South Loop?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in South Loop is under $2,116.
What is the price of a cheap apartment in South Loop?
The cheapest apartment in South Loop is Prairie CoLiving which is listed at $1,150, while the average apartment in South Loop costs $2,779.
What types of apartments are the cheapest in South Loop?
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 102 regular apartments in South Loop 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 South Loop?
Cheap apartments in South Loop have an average cost of $691 which is $2,088 cheaper than the average rent for all rentals in South Loop.
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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The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago
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