Search the lowest-cost Apartments available for rent right now in the The Loop area of Chicago.
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| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| The Loop Studio Apartments | $2,425 | $1,650 | $5,076 |
| The Loop 1 Bedroom Apartments | $3,016 | $1,935 | $10,000+ |
| The Loop 2 Bedroom Apartments | $4,196 | $1,405 | $10,000+ |
| The Loop 3 Bedroom Apartments | $3,847 | $1,200 | $10,000+ |
| The Loop 4 Bedroom Apartments | $2,853 | $1,200 | $10,000+ |
There are currently 82 rentals with your search options within a 2 mile radius of the The Loop Neighborhood of Chicago, IL.
See all Apartments in ChicagoThe cheapest available apartment rental in the The Loop area of Chicago, IL is a Studio unit found at MDA Apartments priced from $1,875. The Alfred has the second lowest priced unit, which is a Studio apartment currently listed from $1,940. Here are the most affordable The Loop apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| MDA Apartments | S2N - Modern | Studio,1BA | $1,875 |
| The Alfred | B3 | Studio,1BA | $1,940 |
| Millennium Park Plaza | Studio | Studio,1BA | $1,965 |
| 320 N. Michigan | 1 Bedroom | 1BR,1BA | $2,045 |
| 215 West Apartments | studio / 1 bath (T08) | Studio,1BA | $2,071 |
| North Harbor Tower | S | Studio,1BA | $2,095 |
| Marina City | One Bedroom | 1BR,1BA | $2,100 |
| Fisher Building Apartments | A3 | 1BR,1BA | $2,100 |
| 330 S. Wells St | 07 Tier Junior One Bedroom | 1BR,1BA | $2,120 |
| Shoreham and Tides | STUDIO 16 - THE SHOREHAM | Studio,1BA | $2,147 |
As of April 01, 2026 the best value apartment in the The Loop area is the $2.83 price per square foot 333 E Wacker Dr Model at 333 E Wacker Dr, Unit 17 in the in the Magnificent Mile neighborhood starting from $3,400. The second greatest value The Loop apartment is the 2B Model at Linea Apartments starting at $3,736 with a $3.37 price per square foot in the Magnificent Mile neighborhood. Here is today’s list of the best values for The Loop apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 333 E Wacker Dr, Unit 17 | 333 E Wacker Dr | 2BR,2BA | $2.83 |
| Linea Apartments | 2B | 2BR,2BA | $3.37 |
| 149 W Kinzie St | 149 W Kinzie St | 1BR,1BA | $3.41 |
| Columbus Plaza | 1 Bedroom Elite | 1BR,1BA | $2.92 |
| Marina City | Furnished One Bedroom | 1BR,1BA | $3.66 |
| Marquee at Block 37 | 1 Bedroom x 22 | 1BR,1BA | $3.88 |
| Fisher Building Apartments | A3 | 1BR,1BA | $3.00 |
| Shoreham and Tides | CONVERTIBLE 03 - THE SHOREHAM | 1BR,1BA | $3.98 |
| 215 West Apartments | studio / 1 bath (T08) | Studio ,1BA | $3.93 |
| The Alfred | B7 | Studio ,1BA | $3.80 |
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Read ArticleThe 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.
If you’re an expert on all things The Loop, tell us what you love (and don't) by rating it and writing a review.
Write a ReviewApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals in cities across the United States including The Loop, Chicago, and the greater Chicago area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including our Star Ratings to compare for easy access to the parks, luxury amenities, kid and pet-friendly communities, availability of transit options, in addition to floorplans, availablity, and pricing. Find Lifestyle Search in the filter options (above). Happy Searching!
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in The Loop is under $2,147.
The cheapest apartment in The Loop is 320 N. Michigan which is listed at $2,045, while the average apartment in The Loop costs $3,987.
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 5 regular apartments in The Loop that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
Cheap apartments in The Loop have an average cost of $850 which is $3,137 cheaper than the average rent for all rentals in The Loop.
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.
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.
Written by: Nicole Harms
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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.
Written by: Nicole Harms
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Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
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Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
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.
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