
Apartments for Rent in the Chicago Loop Neighborhood of Chicago, IL Under $1,500 (13 Rentals)


1000M

Gramercy Row Apartments

Student | The Flats East West
Chicago's Best Affordable Neighborhoods
Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms
Chicago Loop, Chicago, IL Local Guide

How much does it cost to rent an apartment in Chicago Loop?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Chicago Loop Studio Apartments | $2,604 | $1,147 | $6,872 |
Chicago Loop 1 Bedroom Apartments | $3,322 | $1,600 | $8,623 |
Chicago Loop 2 Bedroom Apartments | $5,131 | $1,895 | $10,000+ |
Chicago Loop 3 Bedroom Apartments | $8,218 | $1,899 | $10,000+ |
Chicago Loop 4 Bedroom Apartments | $5,229 | $1,699 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 13 rentals with your search options within a 1 mile radius of the Chicago Loop Neighborhood of Chicago, IL.
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Chicago Loop, Chicago, IL Local Guide
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Quick Rent Budget Calculator
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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.
Getting Around the Chicago Loop Neighborhood in Chicago, IL
Walk Score®
100 / 100
Walker’s Paradise
Daily errands do not require a car
Bike Score®
81 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
100 / 100
Rider’s Paradise
World-class public transportation
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Chicago Loop
How much are Studio apartments in Chicago Loop?
There are currently 166 Studio Apartments in Chicago Loop with rent ranges from $1,147 to $6,872 with an average price of $2,604.
What is the current price range for One Bedroom Chicago Loop Apartments for rent?
Today's rental pricing for One Bedroom Apartments in Chicago Loop ranges from $1,600 to $8,623 with an average monthly rent of $3,322.
What does renting a Two Bedroom Apartment in Chicago Loop cost?
The monthly rent prices of Two Bedroom Apartments currently available in Chicago Loop range from $1,895 to $19,550. Today's average rental price for Two Bedrooms here is $5,131.
How expensive are Chicago Loop Three Bedroom Apartments?
There are currently 119 Three Bedroom Apartments listings available in Chicago Loop on ApartmentHomeLiving.com. The pricing ranges from $1,899 to $38,481 - averaging $8,218 for the location.
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.

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.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.