Cheap Homes for Rent in The Loop Neighborhood of Chicago, IL from $1,800 (60 Rentals)

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Search the lowest-cost Homes available for rent right now in the The Loop area of Chicago.

property at 117 N Clark St

$1,967

1 Bedroom, 1 Bath Rentals

Available Now

117 N Clark St

ChicagoIL60602

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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property at 300 N State St

$2,100

Studio, 1 Bath Condo for Rent

Available Now

300 N State St

ChicagoIL60654

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.

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property at 300 N State St

$2,100 - $2,800

Studio To 1 Bedroom Rentals

Available Now

300 N State St

ChicagoIL60654

Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago

Learn about the best things about living in Chicago from a local in the Insiders Guide to Renting in Chicago. Find your perfect Chicago apartment today!

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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.

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property at 300 N State St

$2,350

1 Bedroom, 1 Bath Condo for Rent

Available Now

300 N State St

ChicagoIL60654

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.

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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 MDA Apartments priced from $1,790. North Harbor Tower has the second lowest priced unit, which is a Studio apartment currently listed from $1,960. Here are the most affordable The Loop apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
MDA ApartmentsS3N - ModernStudio,1BA$1,790
North Harbor TowerS1 & S2Studio,1BA$1,960
Millennium Park PlazaStudioStudio,1BA$1,975
The AlfredA3Studio,1BA$2,025
Fisher Building ApartmentsA41BR,1BA$2,085
320 N. Michigan1 Bedroom1BR,1BA$2,095
215 West Apartmentsstudio / 1 bath (T08)Studio,1BA$2,136
330 S. Wells St02 Tier StudioStudio,1BA$2,190
Columbus Plaza1 Bedroom1BR,1BA$2,193

Best Value Apartments for Rent in The Loop, IL

As of January 28, 2026 the best value apartment in the The Loop area is the $3.23 price per square foot 201 N Clark St Model at 201 N Clark St, Unit 1915 in the in the Magnificent Mile neighborhood starting from $5,599. The second greatest value The Loop apartment is the 2 Bedroom Model at Columbus Plaza starting at $3,510 with a $2.60 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 ListingModel NameBed/BathPrice Per Sq.Ft.
201 N Clark St, Unit 1915201 N Clark St3BR,3BA$3.23
Columbus Plaza2 Bedroom2BR,2BA$2.60
333 E Wacker Dr, Unit 17333 E Wacker Dr2BR,2BA$2.83
Century Tower2 Bed 1 Bath 032BR,1BA$3.32
203 N La Salle St, Unit 2710203 N La Salle St1BR,1BA$3.14
Env Chicago1 Bed/1 Bath-A71BR,1BA$3.62
Fisher Building ApartmentsA71BR,1BA$2.93
Millennium Park Plaza1 Bedroom/ 1 Bathroom1BR,1BA$2.93
Linea ApartmentsC3Studio ,1BA$3.63
Millennium on LaSalles27Studio ,1BA$3.59

Frequently Asked Questions about The Loop

What type of rentals are currently available in The Loop?

There are currently 84 Apartments for Rent in The Loop, IL with pricing that ranges from $1,359 to $34,430. There are also 180 Single Family Homes for rent, Condos, and Townhome rentals currently available in The Loop ranging from $1,810 to $15,000.

What is the current price range for Rental Homes in The Loop?

Today's rental pricing for Homes for Rent, Condos and Townhomes in The Loop ranges from $1,810 to $15,000 with an average monthly rent of $5,689.

How much are larger Three and Four Bedroom Rentals in The Loop?

For those who are looking for larger living arrangements, Three Bedroom Apartments in The Loop range from $1,359 to $28,176, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,900 to $11,800. Four Bedroom Single-Family rentals are also available starting from $10,000 and Four Bedroom Apartments start at $1,359.

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

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago article

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.

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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.

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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.

decorative image for Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago article

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 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.