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$1,770
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Studio Apartments Available Sep 4Total Monthly Price
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$1,770
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$1,770
188 N Wells St, Unit SI FL3-ID1236
188 N Wells StChicago, IL 60606
Cheap Homes for Rent in the The Loop Neighborhood of Chicago, IL from $1,800 (60 Rentals)
Search the lowest-cost Homes available for rent right now in the The Loop area of Chicago.
300 N State St
ChicagoIL60654
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$1,970Studio Apartments Available Now
175 N Harbor Dr, Unit 175 North Harbor Drive
175 N Harbor DrChicago, IL 60601
400 E Randolph St, Unit 2022
400 E Randolph St
ChicagoIL60601
400 E Randolph St, Unit 821
400 E Randolph St
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200 N Dearborn St, Unit 04503
200 N Dearborn St
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201 N Westshore Dr
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180 W Lake St, Unit 1606
180 W Lake St
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200 N Dearborn St, Unit 2405
200 N Dearborn St
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176 N Wells St
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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.
263 E Wacker Dr
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235 W Van Buren St
ChicagoIL60607
400 E Randolph St, Unit 3022
400 E Randolph St
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300 N State St, Unit 04330
300 N State St
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20 N State St, Unit 1139
20 N State St
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200 N Dearborn St, Unit 1503
200 N Dearborn St
ChicagoIL60601
20 N State St, Unit 912
20 N State St
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200 N Dearborn St, Unit Condo
200 N Dearborn St
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400 E Randolph St
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200 N Dearborn 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.
300 N State St, Unit 3908
300 N State St
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222 W Randolph St
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$2,290
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1 Bedroom Apartments Available Aug 1Total Monthly Price
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$2,290
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$2,290
188 N Wells St, Unit SI FL3-ID1240
188 N Wells StChicago, IL 60606
208 W Washington St, Unit 1404
208 W Washington St
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400 E Randolph St, Unit 2316
400 E Randolph St
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235 W Van Buren St
ChicagoIL60607
345 N La Salle Dr, Unit 1910
345 N La Salle Dr
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$2,330
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1 Bedroom Apartments Available Jul 26Total Monthly Price
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$2,330
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$2,330
188 N Wells St, Unit SI FL3-ID1239
188 N Wells 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
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$2,360
215 W Lake St, Unit SI FL7-ID1331
215 W Lake StChicago, IL 60606
235 W Van Buren St
ChicagoIL60607
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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$2,380
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1 Bedroom Apartments Available Oct 11Total Monthly Price
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$2,380
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$2,380
215 W Lake St, Unit SI FL12-ID1343
215 W Lake StChicago, IL 60606
326 E Wacker Dr
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300 N State St, Unit 4210
300 N State St
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347 E Wacker Dr
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99 W Washington St, Unit 1913
99 W Washington St
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21 W Randolph St
ChicagoIL60606
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$2,490
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1 Bedroom Apartments Available Aug 15Total Monthly Price
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$2,490
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$2,490
330 S Wells St, Unit SI FL13-ID192
330 S Wells StChicago, IL 60606
200 N Dearborn St, Unit 3904
200 N Dearborn St
ChicagoIL60601
306 S Plymouth Ct
ChicagoIL60604
216 N Wells St
ChicagoIL60606
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.
211 E Wacker Dr
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212 W Washington St, Unit 1513
212 W Washington St
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300 N State St, Unit 3911
300 N State St
ChicagoIL60654
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$2,520
Total Monthly Price
Studio Apartments Available Aug 16Total Monthly Price
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$2,520
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$2,520
201 N Garland Ct, Unit SI FL22-ID1014
201 N Garland CtChicago, IL 60601
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$2,530
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Studio Apartments Available Aug 20Total Monthly Price
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$2,530
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$2,530
60 E Randolph St, Unit SI FL8-ID1346
60 E Randolph StChicago, IL 60601
22 N State St, Unit 43c
22 N State St
ChicagoIL60602
120 N State St
ChicagoIL60602
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$2,590
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Studio Apartments Available Aug 16Total Monthly Price
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$2,590
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$2,590
201 N Garland Ct, Unit SI FL30-ID1017
201 N Garland CtChicago, IL 60601
8 E Randolph St
ChicagoIL60601
420 E Waterside Dr
ChicagoIL60601
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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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 | $4,079 | $2,500 | $6,600 |
| The Loop 3 Bedroom Homes for Rent | $7,579 | $3,950 | $10,000+ |
| The Loop 4 Bedroom Homes for Rent | $5,975 | $5,200 | $6,750 |
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 60 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 MDA Apartments priced from $1,925. Marina City has the second lowest priced unit, which is a Studio apartment currently listed from $2,000. Here are the most affordable The Loop apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| MDA Apartments | S2N - Modern | Studio,1BA | $1,925 |
| Marina City | Furnished Studio | Studio,1BA | $2,000 |
| 330 S. Wells St | 02 Tier Studio | Studio,1BA | $2,020 |
| 320 N. Michigan | Studio | Studio,1BA | $2,125 |
| 215 West Apartments | studio / 1 bath (T08) | Studio,1BA | $2,126 |
| The Alfred | C11 | Studio,1BA | $2,130 |
| Millennium Park Plaza | 1 Bed / 1 Bath | 1BR,1BA | $2,145 |
| North Harbor Tower | S | Studio,1BA | $2,203 |
| Shoreham and Tides | STUDIO 06 - THE SHOREHAM | Studio,1BA | $2,317 |
Best Value Apartments for Rent in The Loop, IL
As of July 13, 2026 the best value apartment in the The Loop area is the $4.64 price per square foot A-09.1 Model at Wolf Point West in the in the Magnificent Mile neighborhood starting from $3,347. The second greatest value The Loop apartment is the A1 Model at Randolph Tower City Apartments starting at $2,455 with a $3.63 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Wolf Point West | A-09.1 | 1BR,1BA | $4.64 |
| Randolph Tower City Apartments | A1 | 1BR,1BA | $3.63 |
| Marquee at Block 37 | Convertible x 12 | Studio ,1BA | $4.05 |
| Lake and Wells | S2 | Studio ,1BA | $3.85 |
| The Alfred | C11 | Studio ,1BA | $3.43 |
| Env Chicago | Studio-S8 | Studio ,1BA | $4.54 |
| 215 West Apartments | studio / 1 bath (T07) | Studio ,1BA | $4.41 |
| 123 N Wacker Dr, Unit 1807 | 123 N Wacker Dr | Studio ,1BA | $4.41 |
| Shoreham and Tides | STUDIO 06 - THE SHOREHAM | Studio ,1BA | $4.63 |
| 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 78 Apartments for Rent in The Loop, IL with pricing that ranges from $924 to $31,324. There are also 148 Single Family Homes for rent, Condos, and Townhome rentals currently available in The Loop ranging from $1,800 to $12,000.
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 $12,000 with an average monthly rent of $4,535.
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 $989 to $13,891, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,950 to $12,000. Four Bedroom Single-Family rentals are also available starting from $5,200 and Four Bedroom Apartments start at $924.
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
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.
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
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.