Cheap Homes for Rent in The Loop Neighborhood of Chicago, IL from $1,800 (45 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 117 N Clark St

117 N Clark St

ChicagoIL60602

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property at 155 N Harbor Dr

155 N Harbor Dr

ChicagoIL60601
Showing Results 1-45, Page 1 of 1

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 4 Beds unit found at Buckingham priced from $1,149. Marina City has the second lowest priced unit, which is a Studio apartment currently listed from $1,650. Here are the most affordable The Loop apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Buckingham4x2. Floors 3-134BR,2BA$1,149
Marina CityStudioStudio,1BA$1,650
MDA ApartmentsS8N - ModernStudio,1BA$1,765
Lake and WellsS2Studio,1BA$1,805
330 S. Wells St02 Tier StudioStudio,1BA$1,815
Millennium Park PlazaStudioStudio,1BA$1,875
320 N. Michigan1 Bed/1 Bath1BR,1BA$1,895
Columbus PlazaConvertible1BR,1BA$1,897
Aqua at Lakeshore EastStudio/1 BathStudio,1BA$1,900
CascadeStudio / 1 BathStudio,1BA$2,150

Best Value Apartments for Rent in The Loop, IL

As of June 07, 2025 the best value apartment in the The Loop area is the $2.45 price per square foot B3PH Model at Fisher Building Apartments in the in the Chicago Loop neighborhood starting from $3,670. The second greatest value The Loop apartment is the 208 W Washington St Model at 208 W Washington St, Unit 1911 starting at $4,500 with a $3.00 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.
Fisher Building ApartmentsB3PH2BR,1.5BA$2.45
208 W Washington St, Unit 1911208 W Washington St3BR,3BA$3.00
203 N La Salle St, Unit 1502203 N La Salle St2BR,2BA$3.04
Buckingham4x2. Floors 19-214BR,2BA$1.63
Linea Apartments1E1BR,1BA$3.45
North Harbor TowerA1BR,1BA$3.56
Lake and WellsC5Studio ,1BA$3.48
17 E Adams St, Unit 217 E Adams St1BR,1BA$3.16
Columbus PlazaConvertible1BR,1BA$3.22
Marina CityStudioStudio ,1BA$3.30

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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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 $1,550 to $24,590. There are also 173 Single Family Homes for rent, Condos, and Townhome rentals currently available in The Loop ranging from $1,895 to $45,000.

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 $45,000 with an average monthly rent of $7,727.

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 $12,845, while Three Bedroom Homes, Condos, and Townhomes for rent range from $5,500 to $12,500. Four Bedroom Single-Family rentals are also available starting from $9,500 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.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.