Cheap Apartments for Rent in the South Loop Neighborhood of Chicago, IL from $800 with Parking (80 Rentals) Page 2 of 2

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

property at 1464 S Michigan Ave

$2,300 - $3,000

Total Monthly Price

Total Monthly Price

Base Rent
$2,300 - $3,000

Total Monthly Price
$2,300 - $3,000

1 To 2 Bedroom Condos for Rent

Available Now

1464 S Michigan Ave

ChicagoIL60605
property at 161 W Harrison St

$2,300

Total Monthly Price

Total Monthly Price

Base Rent
$2,300

Total Monthly Price
$2,300

1 Bedroom, 1 Bath Condo for Rent

Available Now

161 W Harrison St, Unit 504, Unit 504

161 W Harrison St
ChicagoIL60605
property at 1133 S State St

$2,300 - $2,650

Total Monthly Price

Total Monthly Price

Base Rent
$2,300 - $2,650

Total Monthly Price
$2,300 - $2,650

1 Bedroom, 1.5 Bath Condo for Rent

Available Now

1133 S State St

ChicagoIL60605
property at 1400 S Michigan Ave

$2,300

Total Monthly Price

Total Monthly Price

Base Rent
$2,300

Total Monthly Price
$2,300

Studio, 1 Bath Condo for Rent

Available Now

1400 S Michigan Ave, Unit 27G, Unit 27G

1400 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.

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525 S. Dearborn St.
Studio to 2 Bedroom Apartments

525 S. Dearborn St.

525-537 S Dearborn StChicago, IL 60605
  • Utilities Included
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McCormick CoLiving
1 to 4 Bedroom Apartments

McCormick CoLiving

2401 S State StChicago, IL 60616
Corporate Housing

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!

property at 321 W 24th St

$1,375 - $1,400

2 Bedroom Rentals

Available Now

321 W 24th St

ChicagoIL60616
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2001 S State St
2 to 3 Bedroom Apartments

2001 S State St

2001 S State StChicago, IL 60616
  • Utilities Included
property at 431 S Dearborn St

$1,500 - $2,275

Studio To 1 Bedroom Rentals

Available Now

431 S Dearborn St

ChicagoIL60605
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Vesta Lofts Apartments
Studio to 3 Bedroom Apartments

Vesta Lofts Apartments

125 E 21st StChicago, IL 60616
  • Utilities Included
property at 899 S Plymouth Ct

$1,700 - $2,300

Studio To 1 Bedroom Rentals

Available Now

899 S Plymouth Ct

ChicagoIL60605

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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ELEVEN THIRTY
Studio to 2 Bedroom Apartments

ELEVEN THIRTY

1130 S Michigan AveChicago, IL 60605
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AMLI 900
Studio to 3 Bedroom Apartments

AMLI 900

900 S Clark StChicago, IL 60605
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2036 S Michigan Avenue
Studio to 3 Bedroom Apartments

2036 S Michigan Avenue

2036 S Michigan AveChicago, IL 60616
  • Utilities Included
property at 801 S Plymouth Ct

$2,150

Total Monthly Price

Total Monthly Price

Base Rent
$2,150

Total Monthly Price
$2,150

1 Bedroom, 1 Bath Condo for Rent

Available Now

801 S Plymouth Ct, Unit 805, Unit 805

801 S Plymouth Ct
ChicagoIL60605
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Terminals Building
Studio to 2 Bedroom Apartments

Terminals Building

537 S Dearborn StChicago, IL 60605
property at 1255 S State St

$1,800 - $3,000

Studio To 2 Bedroom Rentals

Available Now

1255 S State St

ChicagoIL60605

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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 $2,003.

What is the price of a cheap apartment in South Loop?

The cheapest apartment in South Loop is Prairie CoLiving which is listed at $1,350, while the average apartment in South Loop costs $6,062.

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 59 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 $979 which is $5,083 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.

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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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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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.