Cheap Homes for Rent in The Loop Neighborhood of Chicago, IL from $1,600 (42 Rentals)

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

property at 300 N State St

300 N State St

ChicagoIL60654
property at 345 N La Salle Dr

345 N La Salle Dr

ChicagoIL60654
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The Loop, Chicago, IL Local Guide

Cheapest Available The Loop Apartments for Rent

 

The cheapest available apartment rental in the The Loop area of Chicago, IL is a 1 Bed unit found at 180 W. Adams priced from $1,695. Marina City has the second lowest priced unit, which is a Studio apartment currently listed from $1,850. Here are the most affordable The Loop apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
180 W. Adams1 Bed1BR,1BA$1,695
Marina CityStudioStudio,1BA$1,850
MDA ApartmentsS2N - ModernStudio,1BA$1,875
Pittsfield Apartments1 Bed, 1 Bath - Style B1BR,1BA$1,895
Century TowerStudio 08Studio,1BA$2,080
Lake and WellsS2Studio,1BA$2,105
The AlfredB7Studio,1BA$2,140
320 N. Michigan1 Bed/1 Bath1BR,1BA$2,145
Coast at Lakeshore EastSx1BStudio,1BA$2,168

Best Value Apartments for Rent in The Loop, IL

As of September 10, 2025 the best value apartment in the The Loop area is the $2.68 price per square foot 2 Bedroom Model at Columbus Plaza in the in the Magnificent Mile neighborhood starting from $3,629. The second greatest value The Loop apartment is the 5039 N Broadway St Model at 5039 N Broadway St, Unit 1 starting at $4,720 with a $3.95 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Columbus Plaza2 Bedroom2BR,2BA$2.68
5039 N Broadway St, Unit 15039 N Broadway St2BR,2BA$3.95
Fisher Building ApartmentsC32BR,2BA$2.44
Linea Apartments2B2BR,2BA$3.26
Millennium on LaSalleb42BR,2BA$3.17
50 W Randolph St, Unit 90550 W Randolph St1BR,1BA$2.74
Lake and WellsA21BR,1BA$3.42
17 E Adams St, Unit 217 E Adams St1BR,1BA$3.23
The AlfredB7Studio ,1BA$3.86
Marina CityStudioStudio ,1BA$3.70

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Pet Friendly Lifestyle
The Loop, Chicago, IL

Ranked #29

Among cities in Illinois for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about The Loop

What type of rentals are currently available in The Loop?

There are currently 82 Apartments for Rent in The Loop, IL with pricing that ranges from $1,470 to $28,968. There are also 156 Single Family Homes for rent, Condos, and Townhome rentals currently available in The Loop ranging from $1,800 to $16,000.

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 $1,800 to $16,000 with an average monthly rent of $5,822.

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 $3,350 to $13,448, while Three Bedroom Homes, Condos, and Townhomes for rent range from $5,500 to $16,000. Four Bedroom Single-Family rentals are also available starting from $10,000 and Four Bedroom Apartments start at $10,000.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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.

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.