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

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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.

property at 1255 S State St

$1,950

Total Monthly Price

Total Monthly Price

Base Rent
$1,950

Total Monthly Price
$1,950

Studio, 1 Bath Condo for Rent

Available Aug 1

1255 S State St, Unit 15B

1255 S State St
ChicagoIL60605
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Imprint
$1,986 - $2,585
Total Monthly Price

Total Monthly Price

Base Rent
$2,116 - $13,211

Total Monthly Price
Varies
Studio Apartments Available Now

Imprint

717 S Clark StChicago, IL 60605
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

property at 1400 S Michigan Ave

$2,000

Total Monthly Price

Total Monthly Price

Base Rent
$2,000

Total Monthly Price
$2,000

Studio, 1 Bath Condo for Rent

Available Now

1400 S Michigan Ave, Unit 27G

1400 S Michigan Ave
ChicagoIL60605
property at 630 S Clark St

$2,000

Total Monthly Price

Total Monthly Price

Base Rent
$2,000

Total Monthly Price
$2,000

Studio, 1 Bath Condo for Rent

Available Now

630 S Clark St, Unit 3711

630 S Clark St
ChicagoIL60605
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Coeval
$2,059 - $2,530
Total Monthly Price

Total Monthly Price

Base Rent
$2,059 - $5,628

Total Monthly Price
Varies
Studio Apartments Available Sep 3

Coeval

51 E 14th StChicago, IL 60605
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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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1400 Wabash
$2,123 - $2,553
Total Monthly Price

Total Monthly Price

Base Rent
$2,198 - $7,568

Total Monthly Price
Varies
Studio Apartments Available Sep 4

1400 Wabash

1400 S Wabash AveChicago, IL 60605
Corporate Housing
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property at 712 S Wells St

$2,188

Studio, 1 Bath Rentals

Available Now

712 S Wells St

ChicagoIL60607
property at 871 S Clark St

$2,195

Studio, 1 Bath Rentals

Available Now

871 S Clark St

ChicagoIL60605
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1001 South State
Rent Specials
$2,289 - $5,029
Total Monthly Price

Total Monthly Price

Base Rent
$2,369 - $9,995

Total Monthly Price
Varies
Studio Apartments Available Sep 8

1001 South State

1001 S State StChicago, IL 60605
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

property at 40 E 9th St

$2,500

Studio Rentals

Available Now

40 E 9th St

ChicagoIL60605
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ELEVEN THIRTY
Studio Apartments

ELEVEN THIRTY

1130 S Michigan AveChicago, IL 60605
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AMLI 900
Studio Apartments

AMLI 900

900 S Clark StChicago, 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.

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

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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.

decorative image for Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible article

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.

decorative image for Chicago Relocation 101: Mastering Utilities, Registration, and the CTA article

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.

decorative image for Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago article

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

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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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

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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.