
Cheap Apartments for Rent in the South Loop Neighborhood of Chicago, IL from $800 (114 Rentals) Page 2 of 3
Search the lowest-cost Apartments available for rent right now in the South Loop area of Chicago.


1464 S Michigan Ave, Unit 2306

Total Monthly Price
30 E Roosevelt Rd, Unit SI FL7-ID805

1212 S Michigan Ave, Unit 2308

Total Monthly Price
1401 S. State

1212 S Michigan Ave, Unit 2408

Eleven40

1140 S Michigan Ave

712 S Wells St

1210 S Michigan Ave
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!

871 S Clark St

911 S Clark St

2001 S State St

Total Monthly Price
1400 Wabash

Total Monthly Price
1234 S Michigan Ave, Unit 2512

1212 S Michigan Ave, Unit 2410

Aspire

2113 S Wabash Ave

2121 S Wabash Ave

2105 S Wabash Ave
Chicago's Best Affordable Neighborhoods
Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms

River City Apartments

1307 Michigan Ave

The Regal Apartments

Total Monthly Price
30 E Roosevelt Rd, Unit GO FL8-ID804

2109 S Wabash Ave

1212 S Michigan Ave, Unit 2810

1212 S Michigan Ave, Unit 1710

Total Monthly Price
Neveseno

1212 S Michigan Ave, Unit 2109

1000 South Clark
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.

1600 S Indiana Ave

1727 S Indiana Ave, Unit 212

Hilliard Towers Family One

Hilliard Towers Family II

525 S. Dearborn St.

McCormick CoLiving

Hilliard Towers Senior Apartments

Hilliard Towers Senior Apartments One

2021 S Ruble St

1251 S Michigan - Senior Living
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.

561 W 18th St

40 E 9th St

1935 S Canalport Ave

ELEVEN THIRTY

544 W Cullerton St

1620 S Michigan Ave

1503 S State St

910 S Clark St

AMLI 900

1147 S Michigan Ave
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.
South Loop, Chicago, IL Local Guide

How much does it cost to rent an apartment in South Loop?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| South Loop Studio Apartments | $2,488 | $1,429 | $4,529 |
| South Loop 1 Bedroom Apartments | $2,905 | $1,150 | $9,308 |
| South Loop 2 Bedroom Apartments | $3,971 | $1,025 | $10,000+ |
| South Loop 3 Bedroom Apartments | $5,524 | $1,640 | $10,000+ |
| South Loop 4 Bedroom Apartments | $2,507 | $1,025 | $9,157 |
Browse Apartments in this Neighborhood
There are currently 114 rentals with your search options within a 2 mile radius of the South Loop Neighborhood of Chicago, IL.
See all Apartments in ChicagoExplore Chicago
Frequently Asked Questions about Cheap South Loop Apartments
What is the Cheapest Studio apartment in South Loop?
Currently the most affordable Cheap Studio Apartment in South Loop is at 21st Street Lofts by 3L Living listed at $1,429.
How much is rent for a Cheap One Bedroom South Loop Apartment?
The lowest price for a Cheap One Bedroom South Loop Apartment is $1,150 at Prairie CoLiving.
What is the lowest price for a Cheap Two Bedroom South Loop Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in South Loop is starting from $2,100 at 30 East Roosevelt.
What is the most affordable South Loop Three Bedroom Apartment?
The best deal on a cheap South Loop Three Bedroom Apartment rental is at 2001 S State St and starts from $2,395.
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

The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago
Written by: Nicole Harms
When choosing a place to live, there are many things you must consider. Your employer, your shopping preferences, and even schools are all important to think about. Yet cost of living is also important to know and plan for.

Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible
Written by: Nicole Harms
I’m Nicole, you’re ApartmentHomeLiving.com Local Expert for Chicago. There’s no denying I love the Windy City. Yet there’s also no denying that rental homes in Chicago can be pricy, small, and hard to find.

Chicago Relocation 101: Mastering Utilities, Registration, and the CTA
Written by: Nicole Harms
Moving to a new city is always an exciting time, especially one as vibrant and diverse as Chicago. With world-class museums, a breathtaking lakefront, and numerous employment opportunities, there’s much to love about this city.

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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
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.