close
View Me
from $1,495Studio to 3 Bedroom Apartments Available Sep 1
Pittsfield Apartments
55 E Washington StChicago, IL 60602
Cheap Apartments for Rent in the The Loop Neighborhood of Chicago, IL from $900 (23 Rentals)
Search the lowest-cost Apartments available for rent right now in the The Loop area of Chicago.
close
View Me
close
View Me
from $1,590Studio Apartments Available Feb 1, 2026
343 S Dearborn St
343 S Dearborn StChicago, IL 60604
close
View Me
from $1,6801 Bedroom Apartments Available Nov 1
1313 W Randolph St
1313 W Randolph StChicago, IL 60607
close
View Me
close
View Me
Rent Specials
from $1,765Studio to 2 Bedroom Apartments Available Now
MDA Apartments
63 E Lake StChicago, IL 60601
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.
close
View Me
from $1,765Studio to 3 Bedroom Apartments Available Now
Fisher Building Apartments
343 S Dearborn StChicago, IL 60604
close
View Me
close
View Me
400 E Randolph St, Unit 2521
400 E Randolph St
ChicagoIL60601
235 W Van Buren St, Unit 2120-S
235 W Van Buren St
ChicagoIL60607
close
View Me
from $1,9601 Bedroom Apartments Available Oct 5
1313 W Randolph St
1313 W Randolph StChicago, IL 60607
close
View Me
Rent Specials
from $1,975Studio to 3 Bedroom Apartments Available Aug 10
Century Tower
182 W Lake StChicago, IL 60601
close
View Me
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
200 N Dearborn St, Unit 2405
200 N Dearborn St
ChicagoIL60601
300 N State St, Unit 3826
300 N State St
ChicagoIL60654
300 N State St, Unit 3826
300 N State St
ChicagoIL60654
close
View Me
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
300 N State St
ChicagoIL60654
close
View Me
close
View Me
close
View Me
8 W Monroe St
ChicagoIL60603
Showing Results 1-23, Page 1 of 1
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 | $2,662 | $1,495 | $6,025 |
| The Loop 1 Bedroom Apartments | $3,434 | $1,680 | $7,170 |
| The Loop 2 Bedroom Apartments | $5,114 | $2,395 | $10,000+ |
| The Loop 3 Bedroom Apartments | $7,887 | $3,350 | $10,000+ |
| The Loop 4 Bedroom Apartments | $12,300 | $10,000 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 23 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
- School Districts
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 Marina City priced from $1,800. 320 N. Michigan has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,995. Here are the most affordable The Loop apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Marina City | Studio | Studio,1BA | $1,800 |
| 320 N. Michigan | 1 Bed/1 Bath | 1BR,1BA | $1,995 |
| MDA Apartments | S13 - Historic | Studio,1BA | $2,030 |
| Fisher Building Apartments | A7 | 1BR,1BA | $2,200 |
| 330 S. Wells St | 09 Tier Studio Deluxe | Studio,1BA | $2,210 |
Best Value Apartments for Rent in The Loop, IL
As of July 21, 2025 the best value apartment in the The Loop area is the $3.44 price per square foot 2 Bed/2 Bath Den-B2D Model at Env Chicago in the in the Magnificent Mile neighborhood starting from $6,975. The second greatest value The Loop apartment is the 187 N Westshore Dr Model at 187 N Westshore Dr, Unit 3702 starting at $5,500 with a $3.08 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. |
|---|---|---|---|
| Env Chicago | 2 Bed/2 Bath Den-B2D | 2BR,2BA | $3.44 |
| 187 N Westshore Dr, Unit 3702 | 187 N Westshore Dr | 3BR,2.5BA | $3.08 |
| 208 W Washington St, Unit 1911 | 208 W Washington St | 3BR,3BA | $3.00 |
| Fisher Building Apartments | A6 | 1BR,1BA | $2.81 |
| 215 West Apartments | 1 bedroom / 1 bath (T02) | 1BR,1BA | $3.52 |
| 17 E Adams St, Unit 2 | 17 E Adams St | 1BR,1BA | $3.16 |
| 32 E Adams St, Unit 1F | 32 E Adams St | 1BR,1BA | $3.59 |
| Millennium on LaSalle | s27 | Studio ,1BA | $3.21 |
| Marquee at Block 37 | Studio x 21 | Studio ,1BA | $3.59 |
| 330 S. Wells St | 09 Tier Studio Deluxe | Studio ,1BA | $3.36 |
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
Pet Friendly LifestyleThe Loop, Chicago, IL
Ranked #31
Among neighborhoods in Chicago, IL for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.5Pet Friendly
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 $2,265.
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 $1,995, while the average apartment in The Loop costs $12,300.
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 1 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 $320 which is $11,980 cheaper than the average rent for all rentals in The Loop.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.