Cheap Apartments for Rent in the South Loop Neighborhood of Chicago, IL from $800 (32 Rentals)

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Explore the Best Cheap Apartments in South Loop area of Chicago for Renters Looking for a Great Deal on Lower Cost Rent for the Area.

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1600 S Prairie Ave
$1,9001 Bedroom, 1 Bath Home for RentAvailable Now

1600 S Prairie Ave

Chicago, IL 60616
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525 S. Dearborn St.
Rent Specials
from $1,095Studio to 2 Bedroom Apartments

525 S. Dearborn St.

525-537 S Dearborn StChicago, IL 60605
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2001 S State St
from $1,5002 to 3 Bedroom Apartments

2001 S State St

2001 S State StChicago, IL 60616
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ELEVEN THIRTY
Rent Specials
from $1,713Studio to 2 Bedroom Apartments Available Now

ELEVEN THIRTY

1130 S Michigan AveChicago, IL 60605
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Carriage House Lofts
Rent Specials
from $1,8881 to 2 Bedroom Apartments Available Now

Carriage House Lofts

1545-1559 S State StChicago, IL 60605
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900 S Clark St
from $1,895Studio to 3 Bedroom Apartments Available Now

900 S Clark St

900 S Clark StChicago, IL 60605
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Showing Results 1-32, Page 1 of 1

South Loop, Chicago, IL Local Guide

Cheapest Available South Loop Apartments for Rent

 

The cheapest available apartment rental in the South Loop area of Chicago, IL is a 4 Beds unit found at McCormick priced from $996. 2423 State Street has the second lowest priced unit, which is a 4 Beds apartment currently listed from $1,019. Here are the most affordable South Loop apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
McCormickPrivate Bedroom in Shared 4 Bed 3 Bath (B)4BR,3BA$996
2423 State StreetPrivate Bedroom in Shared 4 Bed 3 Bath - A4BR,3BA$1,019
The Regal Apartments1 Bedroom Loft Floor Plan A11BR,1BA$1,645
ImprintLoft Studio CStudio,1BA$1,658
Eleven40S2Studio,1BA$1,671
820 Michigan by 3L LivingStudio NorthStudio,1BA$1,693
ELEVEN THIRTYTier 6/12 (Studio)Studio,1BA$1,713
CoevalS1Studio,1BA$1,720
Park Michigan - 1212 S Michigan AveStudio 1ba 07Studio,1BA$1,729

Best Value Apartments for Rent in South Loop, IL

As of January 04, 2025 the best value apartment in the South Loop area is the $2.55 price per square foot 1234 S Michigan Ave Model at 1234 S Michigan Ave, Unit #1212 in the in the Near South Side neighborhood starting from $3,054. The second greatest value South Loop apartment is the 1464 S Michigan Ave Model at 1464 S Michigan Ave, Unit Apt 1805 starting at $2,600 with a $2.17 price per square foot in the Near South Side neighborhood. Here is today’s list of the best values for South Loop apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1234 S Michigan Ave, Unit #12121234 S Michigan Ave2BR,1BA$2.55
1464 S Michigan Ave, Unit Apt 18051464 S Michigan Ave2BR,2BA$2.17
Carriage House Lofts2 BED 2 BATH LOFT STYLE2BR,2BA$2.09
2310 S Canal St, Unit 2032310 S Canal St2BR,1BA$2.15
2310 S Canal St, Unit 2032310 S Canal St2BR,1BA$2.15
731 Plymouth by 3L Living2 Bedroom West2BR,1BA$1.98
2113 S State St, Unit 62113 S State St2BR,1BA$2.20
1212 S Michigan Ave, Unit FL16-ID11171212 S Michigan Ave2BR,2BA$1.83
777 South StateOne Bedroom1BR,1BA$2.54
The Regal Apartments1 Bedroom Loft Floor Plan A11BR,1BA$2.47

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
South Loop, Chicago, IL

Ranked #21

Among neighborhoods in Chicago, IL for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving.com compiles millions of data points to bring you comprehensive Lifestyle Ratings of rentals in metropolitan areas across the United States including South Loop, Chicago, and the greater Chicago area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including our Star Ratings to compare for proximity to parks, luxury amenities, transit availability, pet-friendly communities, multifamily communities for the kids, in addition to floorplans, availablity, and pricing. Find Lifestyle Search in the filter options (above). Happy Searching!

Getting Around the South Loop Neighborhood in Chicago, IL

Walk Score®

93 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

88 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

86 / 100

Excellent Transit

Transit is convenient for most trips

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 Cheap South Loop Apartments

What is the Cheapest Studio apartment in South Loop?

Currently the most affordable Cheap Studio Apartment in South Loop is at Imprint listed at $1,658.

How much is rent for a Cheap One Bedroom South Loop Apartment?

The lowest price for a Cheap One Bedroom South Loop Apartment is $1,645 at The Regal Apartments.

What is the lowest price for a Cheap Two Bedroom South Loop Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in South Loop is starting from $1,999 at 731 Plymouth by 3L Living.

What is the most affordable South Loop Three Bedroom Apartment?

The best deal on a cheap South Loop Three Bedroom Apartment rental is at 2101 Michigan and starts from $2,828.

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.

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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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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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Navigating the World of Low-Income Housing: A Comprehensive Guide

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Are you having difficulty keeping up with bills or paying the rent? If so, you are not alone. Many families struggle to keep up with rents that have increased up to 40% in the past decade.

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Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.