close
View Me
$1,400
Total Monthly Price
Base Rent$1,400
Total Monthly Price$1,400
188 N Wells St, Unit SI FL3-ID1236
188 N Wells StChicago, IL 60606
Cheap Apartments for Rent in the The Loop Neighborhood of Chicago, IL from $949 (94 Rentals)
Search the lowest-cost Apartments available for rent right now in the The Loop area of Chicago.
close
View Me
$1,550
Total Monthly Price
Base Rent$1,550
Total Monthly Price$1,550
188 N Wells St, Unit SI FL2-ID1234
188 N Wells StChicago, IL 60606
close
View Me
Rent Specials
$1,685 - $3,764Studio to 2 Bedroom Apartments Available Sep 14
63 E Lake
63 E Lake StChicago, IL 60601
close
View Me
$1,875 - $3,300Studio to 1 Bedroom Apartments Available Now
Marina City
300 N State StChicago, IL 60654
close
View Me
Rent Specials
$1,935 - $2,498Studio to 1 Bedroom Apartments Available Now
330 S. Wells St
330 S Wells StChicago, IL 60606
close
View Me
$1,970
Total Monthly Price
Base Rent$1,970
Total Monthly Price$1,970
60 E Randolph St, Unit SI FL8-ID1346
60 E Randolph StChicago, IL 60601
close
View Me
$1,990
Total Monthly Price
Base Rent$1,990
Total Monthly Price$1,990
188 N Wells St, Unit SI FL2-ID1232
188 N Wells StChicago, IL 60606
130 N Garland Ct
ChicagoIL60602
close
View Me
$2,022 - $8,608Studio to 3 Bedroom Apartments Available Now
Century Tower
182 W Lake StChicago, IL 60601
close
View Me
$2,025 - $3,670Studio to 3 Bedroom Apartments Available Now
Fisher Building Apartments
343 S Dearborn StChicago, IL 60604
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.
close
View Me
$2,030 - $5,915Studio to 2 Bedroom Apartments Available Sep 24
Randolph Tower City Apartments
188 W Randolph StChicago, IL 60601
8 W Monroe St, Unit 1206
8 W Monroe St
ChicagoIL60603
close
View Me
Rent Specials
$2,085 - $3,225Studio to 2 Bedroom Apartments Available Now
The Alfred
30 E Adams StChicago, IL 60603
close
View Me
$2,095Studio to 3 Bedroom Apartments Available Sep 30
Pittsfield Apartments
55 E Washington StChicago, IL 60602
close
View Me
$2,100 - $4,151Studio to 2 Bedroom Apartments Available Now
Columbus Plaza
233 E Wacker DrChicago, IL 60601
200 N Dearborn St, Unit 04503
200 N Dearborn St
ChicagoIL60601
208 W Washington St, Unit 1503
208 W Washington St
ChicagoIL60606
216 N Wells St, Unit 1402
216 N Wells St
ChicagoIL60606
177 W Randolph St
ChicagoIL60602
close
View Me
Rent Specials
$2,179 - $3,645Studio to 2 Bedroom Apartments Available Now
Millennium on LaSalle
29 S La Salle StChicago, IL 60603
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.
300 N State St, Unit 04330
300 N State St
ChicagoIL60654
22 N State St, Unit 43c
22 N State St
ChicagoIL60602
201 N Westshore Dr
ChicagoIL60601
20 N State St, Unit 1139
20 N State St
ChicagoIL60602
235 W Van Buren St
ChicagoIL60607
close
View Me
Rent Specials
$2,220 - $4,937Studio to 2 Bedroom Apartments Available Now
Bellwether Residences
79 W Monroe StChicago, IL 60603
237 E Wacker Dr
ChicagoIL60601
close
View Me
$2,2251 Bedroom Apartments Available Now
35 E Adams St, Unit 211
35 E Adams StChicago, IL 60603
close
View Me
$2,231 - $8,527Studio to 3 Bedroom Apartments Available Now
North Harbor Tower
175 N Harbor DrChicago, IL 60601
close
View Me
$2,246 - $6,050Studio to 3 Bedroom Apartments Available Now
215 West Apartments
215 W Washington StChicago, IL 60606
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!
300 N State St
ChicagoIL60654
close
View Me
$2,260
Total Monthly Price
Base Rent$2,260
Total Monthly Price$2,260
201 N Garland Ct, Unit SI FL22-ID1014
201 N Garland CtChicago, IL 60601
close
View Me
$2,270
Total Monthly Price
Base Rent$2,270
Total Monthly Price$2,270
60 E Randolph St, Unit SI FL10-ID1370
60 E Randolph StChicago, IL 60601
close
View Me
$2,280 - $4,105Studio to 2 Bedroom Apartments Available Sep 15
Wacker Place
65 E Wacker PlChicago, IL 60601
222 N Columbus Dr, Unit 3504
222 N Columbus Dr
ChicagoIL60601
75 N Dearborn St
ChicagoIL60602
close
View Me
$2,307 - $5,833Studio to 2 Bedroom Apartments Available Now
Cascade
455 E Waterside DrChicago, IL 60601
close
View Me
$2,357 - $5,083Studio to 3 Bedroom Apartments Available Now
Marquee at Block 37
25 W Randolph StChicago, IL 60601
close
View Me
$2,360
Total Monthly Price
Base Rent$2,360
Total Monthly Price$2,360
201 N Garland Ct, Unit SI FL34-ID239
201 N Garland CtChicago, IL 60601
close
View Me
Rent Specials
$2,373 - $4,769
Total Monthly Price
Base Rent$2,373 - $4,769
Total Monthly PriceVaries
Lake and Wells
210 N Wells StChicago, IL 60606
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.
close
View Me
$2,384 - $10,000Studio to 3 Bedroom Apartments Available Now
Linea Apartments
215 W Lake StChicago, IL 60606
300 N State St, Unit 4708
300 N State St
ChicagoIL60654
300 N State St, Unit 4708
300 N State St
ChicagoIL60654
112 W Wacker Dr
ChicagoIL60601
300 N State St
ChicagoIL60654
close
View Me
$2,402 - $8,296Studio to 2 Bedroom Apartments Available Now
Shoreham and Tides
400 E South Water StChicago, IL 60601
347 E Wacker Dr
ChicagoIL60601
close
View Me
$2,460
Total Monthly Price
Base Rent$2,460
Total Monthly Price$2,460
215 W Lake St, Unit SI FL7-ID1331
215 W Lake StChicago, IL 60606
close
View Me
Rent Specials
$2,476 - $6,840Studio to 3 Bedroom Apartments Available Now
Coast at Lakeshore East
345 E Wacker DrChicago, IL 60601
345 N La Salle Dr, Unit 2608
345 N La Salle Dr
ChicagoIL60654
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.
Showing Results 1-50, Page 1 of 2
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 | $2,633 | $1,400 | $7,066 |
| The Loop 1 Bedroom Apartments | $3,031 | $1,550 | $9,999 |
| The Loop 2 Bedroom Apartments | $4,465 | $1,819 | $8,521 |
| The Loop 3 Bedroom Apartments | $5,585 | $1,024 | $10,000+ |
| The Loop 4 Bedroom Apartments | $3,355 | $1,390 | $7,196 |
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 94 rentals with your search options within a 2 mile radius of the The Loop Neighborhood of Chicago, IL.
See all Apartments in ChicagoExplore Chicago
The Loop, Chicago, IL Local Guide
- Nearby Chicago neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Available The Loop Apartments for Rent
The cheapest available apartment rental in the The Loop area of Chicago, IL is a 1 Bed unit found at Columbus Plaza priced from $1,806. 330 S. Wells St has the second lowest priced unit, which is a Studio apartment currently listed from $1,950. Here are the most affordable The Loop apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Columbus Plaza | 1 Bedroom | 1BR,1BA | $1,806 |
| 330 S. Wells St | 02 Tier Studio | Studio,1BA | $1,950 |
| Marina City | Furnished Studio | Studio,1BA | $2,000 |
| Randolph Tower City Apartments | S3 | Studio,1BA | $2,010 |
| Bellwether Residences | S05 | Studio,1BA | $2,155 |
| Fisher Building Apartments | A4 | 1BR,1BA | $2,190 |
| North Harbor Tower | S1 & S2 | Studio,1BA | $2,200 |
| The Alfred | B7 | Studio,1BA | $2,270 |
| Lake and Wells | S2 | Studio,1BA | $2,392 |
| Shoreham and Tides | CONVERTIBLE 03 - THE SHOREHAM | 1BR,1BA | $2,393 |
Best Value Apartments for Rent in The Loop, IL
As of September 07, 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 Two Bed 03 Model at Parkline Chicago starting at $4,277 with a $3.99 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 |
| Parkline Chicago | Two Bed 03 | 2BR,2BA | $3.99 |
| Century Tower | 2 Bed 1 Bath 01 | 2BR,1BA | $3.97 |
| Marquee at Block 37 | 1 Bedroom x 20 | 1BR,1BA | $3.96 |
| Fisher Building Apartments | A4 | 1BR,1BA | $3.02 |
| 215 West Apartments | convertible / 1 bath (T09) | Studio ,1BA | $3.70 |
| Lake and Wells | A10 | Studio ,1BA | $3.95 |
| Columbus Plaza | Convertible | 1BR,1BA | $3.77 |
| Randolph Tower City Apartments | S3 | Studio ,1BA | $3.85 |
| 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.
Read Article
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.
Read Article
Quick 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.
Let everyone know!
Do you know the The Loop area?
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 Review
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 $2,393.
What is the price of a cheap apartment in The Loop?
The cheapest apartment in The Loop is Columbus Plaza which is listed at $1,806, while the average apartment in The Loop costs $2,982.
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 13 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 $446 which is $2,536 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
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.
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.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.