Cheap Homes for Rent in The Loop Neighborhood of Chicago, IL from $1,800 (58 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 400 E Randolph St

400 E Randolph St

ChicagoIL60601
property at 117 N Clark St

117 N Clark St

ChicagoIL60602
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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 Studio unit found at Pittsfield Apartments priced from $1,550. Millennium Park Plaza has the second lowest priced unit, which is a Studio apartment currently listed from $1,825. Here are the most affordable The Loop apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Pittsfield ApartmentsStudio - Style HStudio,1BA$1,550
Millennium Park PlazaStudioStudio,1BA$1,825
Century TowerStudio 06Studio,1BA$1,895
The AlfredB5Studio,1BA$1,895
Marina CityStudioStudio,1BA$1,900
MDA ApartmentsS10 - HistoricStudio,1BA$1,925
Aqua at Lakeshore Eastaqs106aStudio,1BA$2,015
North Harbor TowerSStudio,1BA$2,080

Best Value Apartments for Rent in The Loop, IL

As of October 26, 2025 the best value apartment in the The Loop area is the $2.52 price per square foot 187 N Westshore Dr Model at 187 N Westshore Dr in the in the Magnificent Mile neighborhood starting from $4,500. The second greatest value The Loop apartment is the 326 N Michigan Ave Model at 326 N Michigan Ave, Unit 3N starting at $4,950 with a $3.09 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.
187 N Westshore Dr187 N Westshore Dr3BR,2.5BA$2.52
326 N Michigan Ave, Unit 3N326 N Michigan Ave2BR,2BA$3.09
Columbus Plaza2 Bedroom2BR,2BA$2.69
Fisher Building ApartmentsC32BR,2BA$2.51
Linea Apartments1E1BR,1BA$3.47
50 W Randolph St, Unit 90550 W Randolph St1BR,1BA$2.64
Millennium Park Plaza1 Bedroom/ 1 Bathroom1BR,1BA$2.53
20 E Adams St, Unit 1120 E Adams St1BR,1BA$3.65
Millennium on LaSalles22Studio ,1BA$3.73
150 N Dearborn St, Unit 107150 N Dearborn St1BR,1BA$2.83

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Pet Friendly Lifestyle
The Loop, Chicago, IL

Ranked #28

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 90 Apartments for Rent in The Loop, IL with pricing that ranges from $1,380 to $29,920. There are also 158 Single Family Homes for rent, Condos, and Townhome rentals currently available in The Loop ranging from $1,895 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 $1,895 to $16,000 with an average monthly rent of $3,997.

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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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.