
Cheap Apartments for Rent in the South Loop Neighborhood of Chicago, IL from $830 (139 Rentals) Page 3 of 3
Search the lowest-cost Apartments available for rent right now in the South Loop area of Chicago.


544 W Cullerton St

899 S Plymouth Ct, Unit 1602

899 S Plymouth Ct

680 S Federal St

711 S Clark St

40 E 9th St

1189 S Michigan Ave

Terminals Building
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.

1935 S Archer Ave

1345 S Wabash Ave

1720 S Michigan Ave

Carriage House Lofts

ELEVEN THIRTY

1409 S Wabash Ave

1801 S Michigan Ave

106 W Polk St

797 S Michigan Ave
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1925 S Wabash Ave

882 S Clark St

1390 S State St

726 W 17th St

611 S Wells St

1919 S Michigan Ave

ONE333

1302 S Wabash Ave

1160 S Michigan Ave
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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.

1322 S Wabash Ave

AMLI 900

SKY55

1407 S State St

1400 S Michigan Ave

600 S Dearborn St, Unit 1305

1255 S State St, Unit 1614

2149 S Indiana Ave

718 S Clark St
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.

1400 S Wabash Ave

800 S Wells St

910 Michigan Ave #608
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 | $2,513 | $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+ |
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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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 $2,780.
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 101 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 $688 which is $2,092 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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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
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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
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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
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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.
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.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
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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.