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from $1,495Studio to 3 Bedroom Apartments Available May 5
Pittsfield Apartments
55 E Washington StChicago, IL 60602
Cheap Apartments for Rent in the The Loop Neighborhood of Chicago, IL from $900 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in the The Loop area of Chicago.
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from $1,750Studio to 2 Bedroom Apartments Available Now
MDA Apartments
63 E Lake StChicago, IL 60601
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from $1,695Studio to 2 Bedroom Apartments Available Now
The Alfred
30 E Adams StChicago, IL 60603
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from $1,760Studio to 1 Bedroom Apartments Available Now
330 S. Wells St
330 S Wells StChicago, IL 60606
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from $1,875Studio to 3 Bedroom Apartments Available Now
Millennium Park Plaza
151-155 N Michigan AveChicago, IL 60601
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from $1,895Studio to 2 Bedroom Apartments Available Now
320 N. Michigan
320 N Michigan AveChicago, IL 60601
188 N Wells St
ChicagoIL60606
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from $1,935Studio to 2 Bedroom Apartments Available Now
Shoreham and Tides
400 E South Water StChicago, IL 60601
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
343 S Dearborn St
ChicagoIL60604
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from $1,985Studio to 3 Bedroom Apartments Available Now
North Harbor Tower
175 N Harbor DrChicago, IL 60601
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from $1,993Studio to 2 Bedroom Apartments Available Now
Millie on Michigan
88 E Wacker PlChicago, IL 60601
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from $2,013Studio to 2 Bedroom Apartments Available Now
Millennium on LaSalle
29 S La Salle StChicago, IL 60603
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from $2,014Studio to 3 Bedroom Apartments Available Now
215 West Apartments
215 W Washington StChicago, IL 60606
172 W Randolph St
ChicagoIL60601
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from $2,080Studio Apartment Available Aug 10
210 N Wells St, Unit FL19-ID272
210 N Wells StChicago, IL 60606
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5 N Wabash Ave
ChicagoIL60602
210 N Wells St
ChicagoIL60606
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 1-26, Page 1 of 1
The Loop, Chicago, IL Local Guide
How much does it cost to rent an apartment in The Loop?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| The Loop Studio Apartments | $2,654 | $1,495 | $7,230 |
| The Loop 1 Bedroom Apartments | $3,406 | $1,715 | $8,611 |
| The Loop 2 Bedroom Apartments | $4,633 | $2,195 | $10,000+ |
| The Loop 3 Bedroom Apartments | $6,195 | $2,500 | $10,000+ |
| The Loop 4 Bedroom Apartments | $11,925 | $10,000 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 26 rentals with your search options within a 2 mile radius of the The Loop Neighborhood of Chicago, IL.
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The Loop, Chicago, IL Local Guide
- Nearby Chicago neighborhoods
- Nearby Cities
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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 $1,750. 330 S. Wells St has the second lowest priced unit, which is a Studio apartment currently listed from $1,760. Here are the most affordable The Loop apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| MDA Apartments | S8N - Modern | Studio,1BA | $1,750 |
| 330 S. Wells St | 04 Tier Studio | Studio,1BA | $1,760 |
| Marina City | Furnished Studio | Studio,1BA | $1,800 |
| Lake and Wells | S2 | Studio,1BA | $1,805 |
| Millennium Park Plaza | Studio | Studio,1BA | $1,875 |
| The Alfred | A2 | Studio,1BA | $1,895 |
| 320 N. Michigan | Studio | 1BR,1BA | $1,895 |
| Columbus Plaza | Convertible | 1BR,1BA | $1,916 |
| Century Tower | Studio 04 | Studio,1BA | $1,935 |
Best Value Apartments for Rent in The Loop, IL
As of April 19, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Fisher Building Apartments | B3PH | 2BR,1.5BA | $2.45 |
| 208 W Washington St, Unit 1911 | 208 W Washington St | 3BR,3BA | $3.00 |
| Linea Apartments | 3BT | 3BR,2BA | $3.50 |
| 2141 W Superior St, Unit G06C | 2141 W Superior St | 3BR,1BA | $1.79 |
| Marina City | Two Bedroom | 2BR,2BA | $3.67 |
| 149 W Kinzie St, Unit 1911 | 149 W Kinzie St | 2BR,2BA | $3.37 |
| 17 E Adams St, Unit 2 | 17 E Adams St | 1BR,1BA | $3.16 |
| 73 East Lake | 10a | Studio ,1BA | $3.52 |
| Marquee at Block 37 | Studio x 05 | Studio ,1BA | $3.65 |
| Columbus Plaza | Convertible | 1BR,1BA | $3.25 |
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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Pet Friendly LifestyleThe Loop, Chicago, IL
Ranked #35
Among neighborhoods in Chicago, IL for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Lifestyle Ratings
ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals in cities across the United States including The 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 easy access to the parks, luxury amenities, kid and pet-friendly communities, availability of transit options, in addition to floorplans, availablity, and pricing. Find Lifestyle Search in the filter options (above). Happy Searching!
Frequently Asked Questions about Cheap The Loop Apartments
What is a cheap apartment in The Loop?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in The Loop is under $1,935.
What is the price of a cheap apartment in The Loop?
The cheapest apartment in The Loop is 320 N. Michigan which is listed at $1,895, while the average apartment in The Loop costs $11,925.
What types of apartments are the cheapest in The 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 26 regular apartments in The 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 The Loop?
Cheap apartments in The Loop have an average cost of $208 which is $11,717 cheaper than the average rent for all rentals in The 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.
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.
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.
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.
Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.