
Homes for Rent in South Loop Neighborhood of Chicago, IL Under $1,500 (1 Rental)

Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago
Learn about the best things about living in Chicago from a local in the Insiders Guide to Renting in Chicago. Find your perfect Chicago apartment today!
South Loop, Chicago, IL Local Guide

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 | $3,115 | $2,000 | $5,062 |
| South Loop 3 Bedroom Homes for Rent | $4,200 | $1,650 | $7,300 |
| South Loop 4 Bedroom Homes for Rent | $6,776 | $1,180 | $10,000+ |
| South Loop 5 Bedroom Homes for Rent | $9,900 | $9,900 | $9,900 |
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Frequently Asked Questions about South Loop
What type of rentals are currently available in South Loop?
There are currently 276 Apartments for Rent in South Loop, IL with pricing that ranges from $1,350 to $31,202. There are also 288 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Loop ranging from $1,180 to $10,900.
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 $1,180 to $10,900 with an average monthly rent of $4,693.
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 $1,780 to $20,055, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,650 to $7,300. Four Bedroom Single-Family rentals are also available starting from $1,180 and Four Bedroom Apartments start at $9,149.
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

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.