Cheap Homes for Rent in The Loop Neighborhood of Chicago, IL from $1,700 (79 Rentals)

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Search the lowest-cost Homes available for rent right now in the The Loop area of Chicago.

property at 186 W Lake St

186 W Lake St

ChicagoIL60601
property at 328 S Wells St

328 S Wells St

ChicagoIL60606
property at 117 N Clark St

117 N Clark St

ChicagoIL60602

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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property at 300 N State St

300 N State St

ChicagoIL60654
property at 216 N Wells St

216 N Wells St

ChicagoIL60606
property at 360 N Canal St

360 N Canal St

ChicagoIL60661
property at 195 N Harbor Dr

195 N Harbor Dr

ChicagoIL60601
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The Loop, Chicago, IL Local Guide

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.

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Frequently Asked Questions about The Loop

What type of rentals are currently available in The Loop?

There are currently 109 Apartments for Rent in The Loop, IL with pricing that ranges from $1,395 to $18,700. There are also 177 Single Family Homes for rent, Condos, and Townhome rentals currently available in The Loop ranging from $1,750 to $30,000.

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 $1,750 to $30,000 with an average monthly rent of $8,776.

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago article

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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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.

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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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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.