
Cheap Studio Apartments for Rent in the The Loop Neighborhood of Chicago, IL from $1,400 (39 Rentals)


63 E Lake

Marina City

330 S. Wells St

Total Monthly Price
60 E Randolph St, Unit SI FL8-ID1346

130 N Garland Ct

Century Tower

Randolph Tower City Apartments
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.

216 N Wells St, Unit 1402

Columbus Plaza

Millennium on LaSalle

201 N Westshore Dr

Total Monthly Price
Lake and Wells

Bellwether Residences

North Harbor Tower

215 West Apartments

300 N State St
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Looking for the perfect rental? From apartments and condos to lofts and single family rentals, explore the unique pros and cons of each rental type to help you land in your perfect new place.

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

Wacker Place

Cascade

Marquee at Block 37

Total Monthly Price
201 N Garland Ct, Unit SI FL34-ID239

Linea Apartments

112 W Wacker Dr

347 E Wacker Dr

Coast at Lakeshore East
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!

Total Monthly Price
210 N Wells St, Unit SI FL16-ID248

Aqua at Lakeshore East

345 N La Salle Dr

Millie On Michigan

176 N Wells St

300 N State St

The Tides at Lakeshore East

129 W Kinzie St

445 E Waterside Dr
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.

Wolf Point West

Env Chicago

Wolf Point East
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 |
Browse Apartments in this Neighborhood
There are currently 39 rentals with your search options within a 2 mile radius of the The Loop Neighborhood of Chicago, IL.
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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 $2,449.
What is the price of a cheap apartment in The Loop?
The cheapest apartment in The Loop is 330 S. Wells St which is listed at $1,950, while the average apartment in The Loop costs $2,973.
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 12 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 $612 which is $2,361 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
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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
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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

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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.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
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Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
