Cheap Homes for Rent in the South Loop Neighborhood of Chicago, IL from $1,100 (73 Rentals)

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

property at 40 E 9th St

$1,650

Studio To 1 Bedroom Rentals

Available Now

40 E 9th St

ChicagoIL60605

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property at 1719 S Ruble St

$1,950

Total Monthly Price

Total Monthly Price

Base Rent
$1,950
Total Monthly Price
$1,950

3 Bedroom, 1 Bath Home for Rent

Available Now

1719 S Ruble St

ChicagoIL60616
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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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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property at 2322 S Canal St

$2,100

Total Monthly Price

Total Monthly Price

Base Rent
$2,100
Total Monthly Price
$2,100

2 Bedroom, 2 Bath Condo for Rent

Available Sep 1

2322 S Canal St, Unit 409

2322 S Canal St
ChicagoIL60616

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

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Showing Results 1-50, Page 1 of 2

Cheapest Available South Loop Apartments for Rent

 

The cheapest available apartment rental in the South Loop area of Chicago, IL is a 1 Bed unit found at Prairie CoLiving priced from $1,150. 21st Street Lofts by 3L Living has the second lowest priced unit, which is a Studio apartment currently listed from $1,429. Here are the most affordable South Loop apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Prairie CoLivingPrivate bedroom with en-suite bathroom1BR,1BA$1,150
21st Street Lofts by 3L LivingStudio - CStudio,1BA$1,429
Astoria TowerStudio 08AStudio,1BA$1,722
2101 MichiganStudioStudio,1BA$1,815
Park Michigan - 1212 S Michigan AveStudio 1ba 03Studio,1BA$1,955
ELEVEN THIRTYTier 6/12 (Studio)Studio,1BA$2,009
The Grand CentralS3Studio,1BA$2,098
30 East RooseveltER_2x12BR,1BA$2,100
777 South StateOne Bedroom1BR,1BA$2,110
AMLI 900SportyStudio,1BA$2,194

Best Value Apartments for Rent in South Loop, IL

As of July 28, 2026 the best value apartment in the South Loop area is the $2.24 price per square foot 2 BED 2 BATH Model at Carriage House Lofts in the in the Near South Side neighborhood starting from $2,899. The second greatest value South Loop apartment is the C3 Model at The Shelby starting at $3,575 with a $2.81 price per square foot in the Near South Side neighborhood. Here is today’s list of the best values for South Loop apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Carriage House Lofts2 BED 2 BATH2BR,2BA$2.24
The ShelbyC32BR,2BA$2.81
731 Plymouth by 3L Living3 Bedroom East3BR,1.5BA$2.88
777 South StateTwo Bedroom One Bathroom2BR,1BA$2.86
Wells Place Apartments1 Bed 1 Bath A41BR,1BA$3.17
30 East RooseveltER_2x12BR,1BA$2.38
2001 S State St2 Bed /1 Bath2BR,1BA$2.74
1401 S. StateA3PH1BR,1BA$3.43
ONE333One Bedroom a41BR,1BA$3.35
Astoria TowerStudio 08AStudio ,1BA$3.15

Frequently Asked Questions about South Loop

What type of rentals are currently available in South Loop?

There are currently 278 Apartments for Rent in South Loop, IL with pricing that ranges from $1,025 to $15,131. There are also 250 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Loop ranging from $1,160 to $6,900.

What is the current price range for Rental Homes in South Loop?

Today's rental pricing for Homes for Rent, Condos and Townhomes in South Loop ranges from $1,160 to $6,900 with an average monthly rent of $2,761.

How much are larger Three and Four Bedroom Rentals in South Loop?

For those who are looking for larger living arrangements, Three Bedroom Apartments in South Loop range from $1,640 to $9,722, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,950 to $6,900. Four Bedroom Single-Family rentals are also available starting from $1,160 and Four Bedroom Apartments start at $1,025.

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.

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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.

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