
Cheap Studio Apartments for Rent in the South Loop Neighborhood of Chicago, IL from $1,429 (48 Rentals)


1212 S Michigan Ave, Unit 307

Park Michigan - 1212 S Michigan Ave

1212 S Michigan Ave, Unit 1505

1212 S Michigan Ave, Unit 607

1212 S Michigan Ave, Unit 604

777 South State

1212 S Michigan Ave, Unit 1509
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.

1255 S State St, Unit 15B

1212 S Michigan Ave, Unit 1107

1212 S Michigan Ave, Unit 1703

1212 S Michigan Ave, Unit 1603

Astoria Tower

1212 S Michigan Ave, Unit 2003

Total Monthly Price
Imprint

1212 S Michigan Ave, Unit 2605

1212 S Michigan Ave, Unit 2205
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.

1400 S Michigan Ave, Unit 27G

630 S Clark St, Unit 3711

1171 S Michigan Ave

1212 S Michigan Ave, Unit 2703

1212 S Michigan Ave, Unit 2805

Total Monthly Price
Coeval

1212 S Michigan Ave, Unit 3005

1212 S Michigan Ave, Unit 2804

1212 S Michigan Ave, Unit 2304
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!

Total Monthly Price
1400 Wabash

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

The Elle Apartments

Eleven40

712 S Wells St

871 S Clark St

911 S Clark St

River City Apartments

Total Monthly Price
1001 South State
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 2109

Straits Row

626 on the Park

2021 S Ruble St

1251 S Michigan - Senior Living

40 E 9th St

ELEVEN THIRTY

AMLI 900
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.

910 S Clark St

1147 S Michigan Ave

899 S Clark St
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 48 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 $1,429 at 21st Street Lofts by 3L Living.
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 $1,429 at 21st Street Lofts by 3L Living.
What is the most affordable South Loop Three Bedroom Apartment?
The best deal on a cheap South Loop Three Bedroom Apartment rental is at 21st Street Lofts by 3L Living and starts from $1,429.
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

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.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
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.

