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$1,595 - $3,095Studio to 3 Bedroom Apartments Available Now
Pittsfield Apartments
55 E Washington StChicago, IL 60602
Cheap Apartments for Rent in the The Loop Neighborhood of Chicago, IL from $900 (86 Rentals)
Search the lowest-cost Apartments available for rent right now in the The Loop area of Chicago.
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$1,735 - $3,745Studio to 2 Bedroom Apartments Available Now
MDA Apartments
63 E Lake StChicago, IL 60601
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$1,800 - $2,415Studio to 1 Bedroom Apartments Available Jul 3
330 S. Wells St
330 S Wells StChicago, IL 60606
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$1,830
Total Monthly Price
Studio Apartments Available Aug 1Total Monthly Price
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$1,830
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$1,830
188 N Wells St, Unit SI FL3-ID1236
188 N Wells StChicago, IL 60606
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$1,835 - $3,670Studio to 3 Bedroom Apartments Available Now
Fisher Building Apartments
343 S Dearborn StChicago, IL 60604
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$1,875 - $3,300Studio to 1 Bedroom Apartments Available Now
Marina City
300 N State StChicago, IL 60654
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$1,920 - $4,120Studio to 3 Bedroom Apartments Available Now
Century Tower
182 W Lake StChicago, IL 60601
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$1,967 - $3,809Studio to 2 Bedroom Apartments Available Now
Columbus Plaza
233 E Wacker DrChicago, IL 60601
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$1,990 - $3,275Studio to 2 Bedroom Apartments Available Now
The Alfred
30 E Adams StChicago, IL 60603
84 E Adams St
ChicagoIL60603
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.
130 N Garland Ct
ChicagoIL60602
200 N Dearborn St, Unit 1503
200 N Dearborn St
ChicagoIL60601
200 N Dearborn St, Unit 1503
200 N Dearborn St
ChicagoIL60601
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$2,025 - $3,445Studio to 2 Bedroom Apartments Available Now
320 N. Michigan
320 N Michigan AveChicago, IL 60601
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$2,088 - $8,691Studio to 2 Bedroom Apartments Available Now
Shoreham and Tides
400 E South Water StChicago, IL 60601
216 N Wells St, Unit 1402
216 N Wells St
ChicagoIL60606
200 N Dearborn St, Unit 04503
200 N Dearborn St
ChicagoIL60601
201 N Westshore Dr
ChicagoIL60601
180 W Lake St, Unit 1606
180 W Lake St
ChicagoIL60601
400 E Randolph St, Unit 821
400 E Randolph St
ChicagoIL60601
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.
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$2,102 - $11,014Studio to 3 Bedroom Apartments Available Now
North Harbor Tower
175 N Harbor DrChicago, IL 60601
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$2,145 - $2,1951 Bedroom Apartments Available Now
Millennium Park Plaza
151-155 N Michigan AveChicago, IL 60601
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$2,170
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1 Bedroom Apartments Available Aug 1Total Monthly Price
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$2,170
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$2,170
188 N Wells St, Unit SI FL3-ID1240
188 N Wells StChicago, IL 60606
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$2,179 - $3,786Studio to 3 Bedroom Apartments Available Now
215 West Apartments
215 W Washington StChicago, IL 60606
235 W Van Buren St
ChicagoIL60607
300 N State St, Unit 04330
300 N State St
ChicagoIL60654
20 N State St, Unit 1139
20 N State St
ChicagoIL60602
168 W Randolph St
ChicagoIL60601
75 N Dearborn St
ChicagoIL60602
431 S Dearborn St, Unit 909
431 S Dearborn 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.
5 N Wabash Ave
ChicagoIL60602
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$2,244 - $5,643Studio to 2 Bedroom Apartments Available Now
Cascade
455 E Waterside DrChicago, IL 60601
450 E Waterside Dr, Unit 407
450 E Waterside Dr
ChicagoIL60601
450 E Waterside Dr
ChicagoIL60601
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$2,290
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1 Bedroom Apartments Available Jun 21Total Monthly Price
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$2,290
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$2,290
188 N Wells St, Unit SI FL3-ID1239
188 N Wells StChicago, IL 60606
190 N Garland Ct
ChicagoIL60601
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$2,315 - $4,370
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$2,315 - $4,370
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Lake and Wells
210 N Wells StChicago, IL 60606
222 W Randolph St
ChicagoIL60606
445 E Waterside Dr
ChicagoIL60601
400 E Randolph St, Unit 2402
400 E Randolph St
ChicagoIL60601
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
20 W Randolph St
ChicagoIL60601
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$2,360
Total Monthly Price
1 Bedroom Apartments Available Oct 11Total Monthly Price
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$2,360
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$2,360
215 W Lake St, Unit SI FL7-ID1331
215 W Lake StChicago, IL 60606
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$2,360
Total Monthly Price
1 Bedroom Apartments Available Oct 11Total Monthly Price
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$2,360
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$2,360
215 W Lake St, Unit SI FL12-ID1343
215 W Lake StChicago, IL 60606
360 N Canal St
ChicagoIL60661
222 N Columbus Dr, Unit 2806
222 N Columbus Dr
ChicagoIL60601
347 E Wacker Dr
ChicagoIL60601
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$2,430
Total Monthly Price
Studio Apartments Available Aug 20Total Monthly Price
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$2,430
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$2,430
60 E Randolph St, Unit SI FL8-ID1346
60 E Randolph StChicago, IL 60601
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$2,439 - $4,383Studio to 3 Bedroom Apartments Available Now
Marquee at Block 37
25 W Randolph StChicago, IL 60601
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$2,443 - $7,556
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$2,443 - $7,556
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Env Chicago
161 W Kinzie StChicago, IL 60654
330 E Wacker Dr
ChicagoIL60601
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!
The Loop, Chicago, IL Local Guide
How much does it cost to rent an apartment in The Loop?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| The Loop Studio Apartments | $2,501 | $1,595 | $3,536 |
| The Loop 1 Bedroom Apartments | $3,161 | $1,835 | $10,000+ |
| The Loop 2 Bedroom Apartments | $4,682 | $1,790 | $10,000+ |
| The Loop 3 Bedroom Apartments | $3,865 | $999 | $10,000+ |
| The Loop 4 Bedroom Apartments | $2,504 | $999 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 86 rentals with your search options within a 2 mile radius of the The Loop Neighborhood of Chicago, IL.
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The Loop, Chicago, IL Local Guide
- Nearby Chicago neighborhoods
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Cheapest Available The Loop Apartments for Rent
The cheapest available apartment rental in the The Loop area of Chicago, IL is a Studio unit found at Pittsfield Apartments priced from $1,595. The Buckingham has the second lowest priced unit, which is a 4 Beds apartment currently listed from $1,649. Here are the most affordable The Loop apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Pittsfield Apartments | Studio - Style C | Studio,1BA | $1,595 |
| The Buckingham | 4x2 All Private Floors 14-18 | 4BR,2BA | $1,649 |
| MDA Apartments | S3N - Modern | Studio,1BA | $1,900 |
| The Alfred | B7 | Studio,1BA | $1,990 |
| Marina City | Furnished Studio | Studio,1BA | $2,000 |
| 320 N. Michigan | Studio | Studio,1BA | $2,025 |
| Columbus Plaza | Convertible | 1BR,1BA | $2,098 |
| Millennium Park Plaza | 1 Bed / 1 Bath | 1BR,1BA | $2,145 |
| North Harbor Tower | S1 & S2 | Studio,1BA | $2,246 |
| Shoreham and Tides | STUDIO 06 - THE SHOREHAM | Studio,1BA | $2,372 |
Best Value Apartments for Rent in The Loop, IL
As of June 03, 2026 the best value apartment in the The Loop area is the $3.88 price per square foot 09b Model at 73 East Lake in the in the Magnificent Mile neighborhood starting from $4,838. The second greatest value The Loop apartment is the 333 E Wacker Dr Model at 333 E Wacker Dr, Unit 17 starting at $3,400 with a $2.83 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. |
|---|---|---|---|
| 73 East Lake | 09b | 2BR,2BA | $3.88 |
| 333 E Wacker Dr, Unit 17 | 333 E Wacker Dr | 2BR,2BA | $2.83 |
| The Buckingham | 4x2 All Private Floors 3-13 | 4BR,2BA | $1.67 |
| Marquee at Block 37 | 1 Bedroom x 06 | 1BR,1BA | $3.78 |
| Fisher Building Apartments | A6 | 1BR,1BA | $2.98 |
| Columbus Plaza | 1 Bedroom Elite | 1BR,1BA | $3.04 |
| Linea Apartments | 1D | 1BR,1BA | $3.66 |
| Lake and Wells | A10 | Studio ,1BA | $3.95 |
| The Alfred | A3 | Studio ,1BA | $3.96 |
| Marina City | Furnished Studio | Studio ,1BA | $4.00 |
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 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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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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.
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Lifestyle Ratings
ApartmentHomeLiving 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!
Frequently Asked Questions about Cheap The Loop Apartments
What is a cheap apartment in The Loop?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in The Loop is under $2,372.
What is the price of a cheap apartment in The Loop?
The cheapest apartment in The Loop is 320 N. Michigan which is listed at $2,095, while the average apartment in The Loop costs $4,336.
What types of apartments are the cheapest in The Loop?
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 65 regular apartments in The Loop that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in The Loop?
Cheap apartments in The Loop have an average cost of $845 which is $3,491 cheaper than the average rent for all rentals in The Loop.
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
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.
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.