
Cheap Apartments for Rent in the The Loop Neighborhood of Chicago, IL from $900 (86 Rentals) Page 2 of 2
Search the lowest-cost Apartments available for rent right now in the The Loop area of Chicago.


Coast at Lakeshore East

375 E Wacker Dr, Unit 385 East Wacker

212 W Washington St, Unit 1403

198 W Randolph St

Millennium on LaSalle

Linea Apartments

83 E Wacker Pl

200 N Dearborn St
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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.

Parkline Chicago

Total Monthly Price
201 N Garland Ct, Unit SI FL22-ID1014

79 E Lake St

323 W Wolf Point Plaza

Aqua at Lakeshore East

Total Monthly Price
210 N Wells St, Unit SI FL16-ID648

201 N West Shore Dr, Unit 806A

73 East Lake

Total Monthly Price
201 N Garland Ct, Unit SI FL30-ID1017
Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago
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420 E Waterside Dr

Total Monthly Price
225 N Columbus Dr, Unit SI FL23-ID1197

525 S. Dearborn St.

431 S Dearborn St

Randolph Tower City Apartments

The Tides at Lakeshore East

180 W. Adams

200 N. Dearborn St.

215 W Washington
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212 W Washington St

400 E Randolph St, Unit 2022

208 W Washington St

28 E Adams St

6 E Monroe St

400 E Randolph St, Unit 3712

341 W Kinzie St

195 N Harbor Dr

Wolf Point East
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Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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+ |
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.
See all Apartments in ChicagoExplore Chicago
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.