732 W 19th St
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Cheap Homes for Rent in the South Loop Neighborhood of Chicago, IL from $1,495 (94 Rentals)
Search the lowest-cost Homes available for rent right now in the South Loop area of Chicago.
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$1,800
Total Monthly Price
Base Rent$1,800
Total Monthly Price$1,800
30 E Roosevelt Rd, Unit SI FL7-ID805
30 E Roosevelt RdChicago, IL 60605
2567 S Emerald Ave
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1185 S Michigan Ave
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640 S Federal St
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544 W Cullerton St
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1212 S Michigan Ave, Unit 903
1212 S Michigan Ave
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1212 S Michigan Ave, Unit 809
1212 S Michigan Ave
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899 S Plymouth Ct, Unit 1602
899 S Plymouth Ct
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899 S Plymouth Ct
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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.
1212 S Michigan Ave, Unit 605
1212 S Michigan Ave
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1218 S Michigan Ave
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1212 S Michigan Ave, Unit 1507
1212 S Michigan Ave
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1224 S Michigan Ave
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1212 S Michigan Ave, Unit 1205
1212 S Michigan Ave
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40 E 9th St
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801 S Plymouth Ct, Unit 319
801 S Plymouth Ct
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630 S Clark St, Unit 3711
630 S Clark St
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$2,020
Total Monthly Price
Base Rent$2,020
Total Monthly Price$2,020
30 E Roosevelt Rd, Unit SI FL8-ID804
30 E Roosevelt RdChicago, IL 60605
1212 S Michigan Ave, Unit 2509
1212 S Michigan Ave
ChicagoIL60605
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.
1212 S Michigan Ave, Unit 2807
1212 S Michigan Ave
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1189 S Michigan Ave
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1400 S Michigan Ave, Unit 27G
1400 S Michigan Ave
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1212 S Michigan Ave, Unit 2404
1212 S Michigan Ave
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59 E 14th St
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1322 S Wabash Ave
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500 S Clinton St, Unit 745
500 S Clinton St
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1212 S Michigan Ave, Unit 1406
1212 S Michigan Ave
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1212 S Michigan Ave, Unit 1106
1212 S Michigan Ave
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1345 S Wabash Ave
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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!
701 S Wells St, Unit 803
701 S Wells St
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1390 S State St
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1935 S Archer Ave
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700 S Clark St, Unit 13D
700 S Clark St
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$2,200
Total Monthly Price
Base Rent$2,200
Total Monthly Price$2,200
1000 S Michigan Ave, Unit SI FL25-ID1349
1000 S Michigan AveChicago, IL 60605
222 W 26th St, Unit 205
222 W 26th St
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701 S Wells St, Unit 803
701 S Wells St
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1101 S State St
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701 S Wells St, Unit 803
701 S Wells St
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1212 S Michigan Ave, Unit 1908
1212 S Michigan Ave
ChicagoIL60605
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.
1409 S Wabash Ave
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1801 S Michigan Ave
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621 S Plymouth Ct, Unit 307
621 S Plymouth Ct
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851 S Clark St
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106 W Polk St
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1212 S Michigan Ave, Unit 2309
1212 S Michigan Ave
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1410 S State St
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1406 S Wabash Ave
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797 S Michigan Ave
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880 S Clark St
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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.
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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 | $3,342 | $1,850 | $5,400 |
| South Loop 3 Bedroom Homes for Rent | $4,298 | $1,800 | $5,997 |
| South Loop 4 Bedroom Homes for Rent | $8,000 | $3,500 | $10,000+ |
| South Loop 5 Bedroom Homes for Rent | $6,395 | $6,395 | $6,395 |
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 94 rentals with your search options within a 2 mile radius of the South Loop Neighborhood of Chicago, IL.
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South Loop, Chicago, IL Local Guide
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Best Value Homes for Rent in South Loop, IL
As of September 19, 2026 the best value rental home in the South Loop area is the $1.80 price per square foot 1816 S Indiana Ave Model at 1816 S Indiana Ave in the Near South Side neighborhood starting from $6,000. The second greatest value South Loop rental home is the 1617 S Michigan Ave Model at 1617 S Michigan Ave, Unit 207 in the Near South Side neighborhood starting at $4,650 with a $1.79 price per square foot. Here is today’s list of the best values for South Loop homes based on price per square foot:
| Home Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1816 S Indiana Ave | 1816 S Indiana Ave | 4BR, 4BA | $1.80 |
| 1617 S Michigan Ave, Unit 207 | 1617 S Michigan Ave | 3BR, 3BA | $1.79 |
| 680 S Federal St, Unit 301 | 680 S Federal St | 2BR, 2BA | $1.97 |
| 701 S Wells St, Unit 1405 | 701 S Wells St | 2BR, 2BA | $2.30 |
| 233 E 13th St, Unit 2501 | 233 E 13th St | 2BR, 2BA | $2.52 |
| 780 S Federal St, Unit 701 | 780 S Federal St | 2BR, 2BA | $2.38 |
| 1250 S Michigan Ave, Unit 02208 | 1250 S Michigan Ave | 2BR, 2BA | $2.50 |
| 1935 S Archer Ave, Unit 520 | 1935 S Archer Ave | 2BR, 1.5BA | $2.36 |
| 1111 S Wabash Ave, Unit 1605 | 1111 S Wabash Ave | 1BR, 1BA | $2.60 |
| 1717 S Prairie Ave, Unit 1307 | 1717 S Prairie Ave | 1BR, 1BA | $2.61 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
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Best Neighborhoods to Rent in Near Chicago's Top Employers: A Guide for Renters
A Local Expert's Guide to The 10 Best Chicago Neighborhoods near Major Local Employers. Find your perfect Chicago, IL apartment, condo, or rental home today at ApartmentHomeLiving.com
Read ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleA Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Chicago, IL metro area for affordable living. Find your perfect Chicago Student apartment, condo, or rental home today at ApartmentHomeliving.com
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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Pet Friendly LifestyleSouth Loop, Chicago, IL
Ranked #30
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Frequently Asked Questions about South Loop
What type of rentals are currently available in South Loop?
There are currently 279 Apartments for Rent in South Loop, IL with pricing that ranges from $1,025 to $28,269. There are also 214 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Loop ranging from $1,495 to $14,500.
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 $1,495 to $14,500 with an average monthly rent of $3,102.
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 $2,100 to $9,753, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,800 to $5,997. Four Bedroom Single-Family rentals are also available starting from $3,500 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.
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
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.
How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.
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.