431 S Dearborn St
ChicagoIL60605
Cheap Homes for Rent in The Loop Neighborhood of Chicago, IL from $1,500 (50 Rentals)
Search the lowest-cost Homes available for rent right now in the The Loop area of Chicago.
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$1,830
Total Monthly Price
Studio Apartments Available Aug 1Total Monthly Price
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$1,830
Total Monthly Price
$1,830
188 N Wells St
188 N Wells StChicago, IL 60606
84 E Adams St
ChicagoIL60603
200 N Dearborn St
ChicagoIL60601
200 N Dearborn St, Unit 1503
200 N Dearborn St
ChicagoIL60601
130 N Garland Ct
ChicagoIL60602
200 N Dearborn St, Unit 04503
200 N Dearborn St
ChicagoIL60601
201 N Westshore Dr
ChicagoIL60601
180 W Lake St, Unit 1606
180 W Lake St
ChicagoIL60601
216 N Wells St, Unit 1402
216 N Wells St
ChicagoIL60606
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
208 W Washington St
ChicagoIL60606
400 E Randolph St, Unit 821
400 E Randolph St
ChicagoIL60601
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$2,170
Total Monthly Price
1 Bedroom Apartments Available Aug 1Total Monthly Price
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$2,170
Total Monthly Price
$2,170
188 N Wells St
188 N Wells StChicago, IL 60606
203 N Garland Ct
ChicagoIL60601
235 W Van Buren St
ChicagoIL60607
400 E Randolph St, Unit 3712
400 E Randolph St
ChicagoIL60601
400 E Randolph St, Unit 2022
400 E Randolph St
ChicagoIL60601
300 N State St, Unit 04330
300 N State St
ChicagoIL60654
20 N State St, Unit 1139
20 N State St
ChicagoIL60602
168 W Randolph St
ChicagoIL60601
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.
75 N Dearborn St
ChicagoIL60602
431 S Dearborn St, Unit 909
431 S Dearborn St
ChicagoIL60605
190 N Garland Ct
ChicagoIL60601
28 E Adams St
ChicagoIL60603
6 E Monroe St
ChicagoIL60603
450 E Waterside Dr
ChicagoIL60601
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$2,300
Total Monthly Price
1 Bedroom Apartments Available Jun 21Total Monthly Price
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$2,300
Total Monthly Price
$2,300
188 N Wells St
188 N Wells StChicago, IL 60606
222 W Randolph St
ChicagoIL60606
341 W Kinzie St
ChicagoIL60654
400 E Randolph St, Unit 2402
400 E Randolph St
ChicagoIL60601
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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$2,360
Total Monthly Price
1 Bedroom Apartments Available Oct 11Total Monthly Price
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$2,360
Total Monthly Price
$2,360
215 W Lake St
215 W Lake StChicago, IL 60606
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$2,360
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1 Bedroom Apartments Available Oct 11Total Monthly Price
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$2,360
Total Monthly Price
$2,360
215 W Lake St
215 W Lake StChicago, IL 60606
20 W Randolph St
ChicagoIL60601
360 N Canal St
ChicagoIL60661
319 E Wacker Dr
ChicagoIL60601
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$2,410
Total Monthly Price
2 Bedroom Apartments Available Aug 31, 2029Total Monthly Price
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$2,410
Total Monthly Price
$2,410
343 S Dearborn St
343 S Dearborn StChicago, IL 60604
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$2,420
Total Monthly Price
Studio Apartments Available Aug 20Total Monthly Price
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$2,420
Total Monthly Price
$2,420
60 E Randolph St
60 E Randolph StChicago, IL 60601
347 E Wacker Dr
ChicagoIL60601
151 E Randolph St
ChicagoIL60602
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$2,4621 Bedroom Apartments Available Now
375 E Wacker Dr
375 E Wacker DrChicago, 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.
198 W Randolph St
ChicagoIL60601
83 E Wacker Pl
ChicagoIL60601
8 E Randolph, Unit 2106
8 E Randolph
ChicagoIL60601
79 E Lake St
ChicagoIL60601
323 W Wolf Point Plaza
ChicagoIL60654
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$2,540
Total Monthly Price
Studio Apartments Available Aug 17Total Monthly Price
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$2,540
Total Monthly Price
$2,540
210 N Wells St
210 N Wells StChicago, IL 60601
201 N West Shore Dr, Unit 806A
201 N West Shore Dr
ChicagoIL60601
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$2,550
Total Monthly Price
Studio Apartments Available Aug 16Total Monthly Price
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$2,550
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$2,550
201 N Garland Ct
201 N Garland CtChicago, IL 60601
420 E Waterside Dr
ChicagoIL60601
300 N State St
ChicagoIL60654
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!
Showing Results 1-50, Page 1 of 1
The Loop, Chicago, IL Local Guide
How much does it cost to rent a home in The Loop?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| The Loop 2 Bedroom Homes for Rent | $3,946 | $2,699 | $7,000 |
| The Loop 3 Bedroom Homes for Rent | $10,958 | $4,995 | $10,000+ |
| The Loop 4 Bedroom Homes for Rent | $11,500 | $10,000 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 50 rentals with your search options within a 2 mile radius of the The Loop Neighborhood of Chicago, IL.
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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 Pittsfield Apartments priced from $1,595. The Buckingham has the second lowest priced unit, which is a 4 Beds apartment currently listed from $1,754. Here are the most affordable The Loop apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Pittsfield Apartments | Studio - Style C | Studio,1BA | $1,595 |
| The Buckingham | 4x2 All Private Floors 14-18 | 4BR,2BA | $1,754 |
| MDA Apartments | S3N - Modern | Studio,1BA | $1,900 |
| The Alfred | B7 | Studio,1BA | $1,965 |
| Columbus Plaza | Studio Elite | 1BR,1BA | $1,967 |
| Marina City | Furnished Studio | Studio,1BA | $2,000 |
| 320 N. Michigan | Studio | Studio,1BA | $2,025 |
| Millennium Park Plaza | 1 Bed / 1 Bath | 1BR,1BA | $2,145 |
| 215 West Apartments | studio / 1 bath (T07) | Studio,1BA | $2,179 |
| 330 S. Wells St | 09 Tier Studio Deluxe | Studio,1BA | $2,195 |
Best Value Apartments for Rent in The Loop, IL
As of May 28, 2026 the best value apartment in the The Loop area is the $3.88 price per square foot 09b Model at 73 East Lake in the in the Magnificent Mile neighborhood starting from $4,838. The second greatest value The Loop apartment is the 4x2 All Private Floors 3-13 Model at The Buckingham starting at $1,800 with a $1.67 price per square foot in the Chicago Loop 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. |
|---|---|---|---|
| 73 East Lake | 09b | 2BR,2BA | $3.88 |
| The Buckingham | 4x2 All Private Floors 3-13 | 4BR,2BA | $1.67 |
| Millennium on LaSalle | a12 | 1BR,1BA | $3.08 |
| Marquee at Block 37 | 1 Bedroom x 06 | 1BR,1BA | $3.81 |
| Fisher Building Apartments | A6 | 1BR,1BA | $2.98 |
| Columbus Plaza | 1 Bedroom Elite | 1BR,1BA | $3.00 |
| Pittsfield Apartments | 3 Bed, 2 Bath - Style A | 3BR,2BA | $4.36 |
| Lake and Wells | A10 | Studio ,1BA | $3.95 |
| The Alfred | A3 | Studio ,1BA | $3.94 |
| Marina City | Furnished Studio | Studio ,1BA | $4.00 |
Frequently Asked Questions about The Loop
What type of rentals are currently available in The Loop?
There are currently 76 Apartments for Rent in The Loop, IL with pricing that ranges from $999 to $14,808. There are also 172 Single Family Homes for rent, Condos, and Townhome rentals currently available in The Loop ranging from $1,500 to $23,500.
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 $1,500 to $23,500 with an average monthly rent of $6,283.
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 $999 to $14,808, while Three Bedroom Homes, Condos, and Townhomes for rent range from $4,995 to $23,500. Four Bedroom Single-Family rentals are also available starting from $10,000 and Four Bedroom Apartments start at $999.
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
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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
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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.
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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.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.