Room in Shared 4 bed/2.5 bath home, Unit A
1928 S Young Pkwy
ChicagoIL60616
Cheap Homes for Rent in South Loop Neighborhood of Chicago, IL from $1,000 (23 Rentals)
Search the lowest-cost Homes available for rent right now in the South Loop area of Chicago.
1901 S Ruble St
ChicagoIL60616
2605 S Indiana Ave
ChicagoIL60616
899 S Plymouth Ct, Unit Dearborn Park - South Loo
899 S Plymouth Ct
ChicagoIL60605
899 S Plymouth Ct
ChicagoIL60605
1311 S Michigan Ave
ChicagoIL60605
30 E Roosevelt Rd
ChicagoIL60605
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.
780 S Federal St
ChicagoIL60605
239 W 18th St
ChicagoIL60616
1845 S Michigan Ave, Unit 01204
1845 S Michigan Ave
ChicagoIL60616
800 S Clark St, Unit 415
800 S Clark St
ChicagoIL60605
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$2,070
Total Monthly Price
Studio Apartments Available Nov 16Total Monthly Price
Base Rent
$2,070
Total Monthly Price
$2,070
1000 S Michigan Ave, Unit SI FL25-ID1349
1000 S Michigan AveChicago, IL 60605
2024 S Wabash Ave, Unit 705
2024 S Wabash Ave
ChicagoIL60616
2024 S Wabash Ave
ChicagoIL60616
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.
780 S Federal St, Unit 1004
780 S Federal St
ChicagoIL60605
1322 S Wabash Ave
ChicagoIL60605
1529 S State St, Unit 13F
1529 S State St
ChicagoIL60605
1503 S State St
ChicagoIL60605
1403 S Wabash Ave
ChicagoIL60605
1400 S Michigan Ave, Unit 27G
1400 S Michigan Ave
ChicagoIL60605
630 S Clark St, Unit 3711
630 S Clark St
ChicagoIL60605
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.
1171 S Michigan Ave
ChicagoIL60605
801 S Wells St
ChicagoIL60607
Showing Results 1-23, Page 1 of 1
South Loop, Chicago, IL Local Guide
Copyright CoStar Group, Inc
How much does it cost to rent a home in South Loop?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| South Loop 2 Bedroom Homes for Rent | $3,309 | $2,000 | $4,350 |
| South Loop 3 Bedroom Homes for Rent | $4,256 | $2,000 | $5,995 |
| South Loop 4 Bedroom Homes for Rent | $6,110 | $1,030 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 23 rentals with your search options within a 2 mile radius of the South Loop Neighborhood of Chicago, IL.
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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 $1,350. 561 W 18th St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,400. Here are the most affordable South Loop apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Prairie CoLiving | Private bedroom with en-suite bathroom | 1BR,1BA | $1,350 |
| 561 W 18th St | 1st front | 1BR,1BA | $1,400 |
| 21st Street Lofts by 3L Living | Studio - C | Studio,1BA | $1,429 |
| 820 Michigan by 3L Living | Studio East | Studio,1BA | $1,719 |
| 1935 S Canalport Ave | Apartment 3 Bedroom | 3BR,2BA | $1,825 |
Best Value Apartments for Rent in South Loop, IL
As of June 13, 2026 the best value apartment in the South Loop area is the $0.93 price per square foot Apartment 3 Bedroom Model at 1935 S Canalport Ave in the in the South Loop neighborhood starting from $1,825. The second greatest value South Loop apartment is the 3 Bedroom East Model at 731 Plymouth by 3L Living starting at $3,199 with a $2.88 price per square foot in the South Loop neighborhood. Here is today’s list of the best values for South Loop apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1935 S Canalport Ave | Apartment 3 Bedroom | 3BR,2.5BA | $0.93 |
| 731 Plymouth by 3L Living | 3 Bedroom East | 3BR,1.5BA | $2.88 |
| 2113 S State St, Unit 6 | 2113 S State St | 2BR,1BA | $2.20 |
| 240 W 24th St, Unit 1R | 240 W 24th St | 3BR,1BA | $1.59 |
| ONE333 | Two Bedroom b1 | 2BR,2BA | $3.48 |
| 777 South State | Two Bedroom One Bathroom | 2BR,1BA | $3.17 |
| 1442 S Michigan Ave, Unit 1440-213 | 1442 S Michigan Ave | 1BR,1BA | $3.43 |
| 30 East Roosevelt | ER_1x1 | 1BR,1BA | $3.21 |
| Park Michigan - 1212 S Michigan Ave | Studio 1ba 04 | Studio ,1BA | $3.35 |
| 561 W 18th St | 1st front | 1BR,1BA | $2.80 |
Frequently Asked Questions about South Loop
What type of rentals are currently available in South Loop?
There are currently 272 Apartments for Rent in South Loop, IL with pricing that ranges from $970 to $12,517. There are also 165 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Loop ranging from $1,030 to $12,000.
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 $1,030 to $12,000 with an average monthly rent of $3,619.
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 $1,590 to $12,018, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,000 to $5,995. Four Bedroom Single-Family rentals are also available starting from $1,030 and Four Bedroom Apartments start at $970.
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
A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago
Written by: Nicole Harms
I’m Nicole, your ApartmentHomeLiving.com Local Expert for Chicago, IL. As a resident of the Chicago area for over 20 years, I’ve learned which neighborhoods are great and which are best avoided.
Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
Written by: Nicole Harms
With world-class museums lining its streets, Chicago is a place people go to learn. It’s not surprising, therefore, that it’s also home to multiple colleges and universities with national and global reputations.
Best Neighborhoods to Rent in Near Chicago's Top Employers
Written by: Nicole Harms
Whenever life takes me into the city, I’m always impressed with the sheer amount of industry and commerce that it holds. With all of that commerce comes a wide range of employment options.
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
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.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.