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Cheap Studio Apartments for Rent in the South Loop Neighborhood of Chicago, IL from $1,147 (12 Rentals)
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from $1,399Studio Apartments Available Apr 1
21st Street Lofts by 3L Living
61 E 21st StChicago, IL 60616
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Rent Specials
from $1,634Studio Apartments Available Now
2101 Michigan
2101 S Michigan AveChicago, IL 60616
1200 S Michigan Ave
ChicagoIL60605
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from $1,689Studio Apartments Available Apr 1
820 Michigan by 3L Living
820 S Michigan AveChicago, IL 60605
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Rent Specials
from $1,762Studio Apartments Available Now
Park Michigan - 1212 S Michigan Ave
1212 S Michigan AveChicago, IL 60605
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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
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Showing Results 1-12, Page 1 of 1
South Loop, Chicago, IL Local Guide
Copyright CoStar Group, Inc
How much does it cost to rent an apartment in South Loop?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
South Loop Studio Apartments | $2,451 | $1,147 | $4,566 |
| South Loop 1 Bedroom Apartments | $2,979 | $1,559 | $7,287 |
| South Loop 2 Bedroom Apartments | $4,384 | $1,840 | $10,000+ |
| South Loop 3 Bedroom Apartments | $6,748 | $1,899 | $10,000+ |
| South Loop 4 Bedroom Apartments | $2,963 | $981 | $10,000+ |
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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 a cheap apartment in South Loop?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in South Loop is under $1,850.
What is the price of a cheap apartment in South Loop?
The cheapest apartment in South Loop is 2101 Michigan which is listed at $1,634, while the average apartment in South Loop costs $6,678.
What types of apartments are the cheapest in South Loop?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 435 regular apartments in South Loop that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in South Loop?
Cheap apartments in South Loop have an average cost of $415 which is $6,263 cheaper than the average rent for all rentals in South Loop.
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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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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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.
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