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

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property at 130 N Garland Ct
$2,000 - $2,100

Total Monthly Price

Base Rent$2,000 - $2,100

Total Monthly Price$2,000 - $2,100
Studio, 1 Bath Condo for Rent
Available Now
Affordability

130 N Garland Ct

ChicagoIL60602

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.

property at 216 N Wells St
$2,100

Total Monthly Price

Base Rent$2,100

Total Monthly Price$2,100
Studio, 1 Bath Condo for Rent
Available Now
Affordability

216 N Wells St, Unit 1402

216 N Wells St
ChicagoIL60606
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property at 201 N Westshore Dr
$2,200

Total Monthly Price

Base Rent$2,200 - $4,000

Total Monthly Price$2,200 - $4,000
Studio Condos for Rent
Available Sep 9
Affordability

201 N Westshore Dr

ChicagoIL60601
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Lake and Wells
Rent Specials
$2,203 - $3,085

Total Monthly Price

Base Rent$2,373 - $4,769

Total Monthly PriceVaries
Studio Apartments Available Now

Lake and Wells

210 N Wells StChicago, IL 60606
Corporate Housing
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Exploring Rental Options: Apartments, Townhomes, and Lofts—Oh My!

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.

property at 347 E Wacker Dr
$2,430

Total Monthly Price

Base Rent$2,430 - $3,780

Total Monthly Price$2,430 - $3,780
Studio Condos for Rent
Available Now
Affordability

347 E Wacker Dr

ChicagoIL60601
  • Smoke Free

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!

property at 345 N La Salle Dr
$2,658

Total Monthly Price

Base Rent$2,658 - $4,508

Total Monthly Price$2,658 - $4,508
Studio Condos for Rent
Available Now
Affordability

345 N La Salle Dr

ChicagoIL60654
  • Smoke Free
property at 300 N State St
$1,875 - $3,000
Studio Rentals
Available Oct 4

300 N State St

ChicagoIL60654

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.

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Wolf Point West
Studio Apartments

Wolf Point West

343 W Wolf Point PlzChicago, IL 60654
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Env Chicago
Studio Apartments

Env Chicago

161 W Kinzie StChicago, IL 60654
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Wolf Point East
Studio Apartments

Wolf Point East

313 W wolf point PlzChicago, IL 60654

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

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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.

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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.

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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.

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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

decorative image for Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My! article

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.

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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.

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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.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

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.