Cheap Apartments for Rent in Chicago Loop
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Price Drop. $400 OffSTUDIO$2,622+1 BED$2,699+2 BEDS$1,359+3 BEDS$999+ -
STUDIO, 1 BATH$1,500431 S Dearborn St Unit 1004
431 S Dearborn St, Chicago, IL 60605 -
Exceptional ValueSTUDIO$1,595+2 BEDS$2,395+3 BEDS$2,795+Pittsfield Apartments
55 E Washington St, Chicago, IL 60602 -
Exceptional Value
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STUDIO, 1 BATH$1,770188 N Wells St Unit SI FL3-ID1236
188 N Wells St, Chicago, IL 60606 -
Price Drop. $250 Off -
STUDIO, 1 BATH$1,850300 N State St Unit 2627
300 N State St, Chicago, IL 60654 -
Exceptional ValueSTUDIO$1,865+1 BED$2,195+330 S. Wells St
330 S Wells St, Chicago, IL 60606 -
Exceptional Value|STUDIO$2,005+1 BED$1,925+2 BEDS$2,460+3 BEDS$3,350+
Fisher Building Apartments
343 S Dearborn St, Chicago, IL 60604 -
Exceptional Value|STUDIO$1,925+1 BED$2,110+2 BEDS$2,535+
MDA Apartments
63 E Lake St, Chicago, IL 60601 -
Exceptional Value|
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Total Monthly Price Total Monthly Price NewSTUDIO, 1 BATH$1,950Base Rent$1,950Required Monthly FeesNoneTotal Monthly Price$1,950300 N State St Unit 2504
300 N State St, Chicago, IL 60654 -
STUDIO, 1 BATH$1,950300 N State St Unit 2125
300 N State St, Chicago, IL 60654 -
Exceptional ValueSTUDIO$1,995+1 BED$2,045+320 N. Michigan
320 N Michigan Ave, Chicago, IL 60601 -
Total Monthly Price Total Monthly Price NewSTUDIO, 1 BATH$2,000Base Rent$2,000 - $2,200Required Monthly FeesNoneTotal Monthly Price$2,000 - $2,200130 N Garland Ct
130 N Garland Ct, Chicago, IL 60602 -
STUDIO, 1 BATH$2,000300 N State St Unit 4725
300 N State St, Chicago, IL 60654 -
1 BED, 1 BATH$2,030188 N Wells St Unit SI FL3-ID1240
188 N Wells St, Chicago, IL 60606 -
STUDIO$2,051+1 BED$2,679+2 BEDS$3,686+3 BEDS$5,850+215 West Apartments
215 W Washington St, Chicago, IL 60606 -
1 BED, 1 BATH$2,06028 E Adams St
28 E Adams St, Chicago, IL 60603 -
1 BED$2,062+3 BEDS$5,175+215 W Washington
212-220 W Washington St, Chicago, IL 60606 -
Good ValueSTUDIO$2,070+2 BEDS$3,276+Millennium on LaSalle
29 S La Salle St, Chicago, IL 60603 -
1 BED, 1 BATH$2,100208 W Washington St Unit 1503
208 W Washington St, Chicago, IL 60606 -
Total Monthly Price Total Monthly Price New1 BED, 1 BATH$2,100Base Rent$2,100 - $2,200Required Monthly FeesNoneTotal Monthly Price$2,100 - $2,200208 W Washington St
208 W Washington St, Chicago, IL 60606 -
Total Monthly Price Total Monthly Price NewSTUDIO, 1 BATH$2,100Base Rent$2,100Required Monthly FeesNoneTotal Monthly Price$2,100216 N Wells St Unit 1402
216 N Wells St, Chicago, IL 60606 -
Total Monthly Price Total Monthly Price New1 BED, 1 BATH$2,100Base Rent$2,100Required Monthly FeesNoneTotal Monthly Price$2,100
200 N Dearborn St Unit 04503
200 N Dearborn St, Chicago, IL 60601 -
STUDIO$2,138+1 BED$2,639+3 BEDS$5,995+
The Grand Central
221 W Harrison St, Chicago, IL 60607 -
Exceptional Value|Total Monthly Price Total Monthly Price NewSTUDIO$2,310+1 BED$2,677+2 BEDS$4,156+Base Rent$2,140 - $4,154Required Monthly Fees$170 - $195Utilities & EssentialsVariesTotal Monthly Price$2,310 - $4,349
Lake and Wells
210 N Wells St, Chicago, IL 60606 -
Total Monthly Price Total Monthly Price New1 BED, 1 BATH$2,150Base Rent$2,150Required Monthly FeesNoneTotal Monthly Price$2,15020 N State St Unit 1139
20 N State St, Chicago, IL 60602 -
Total Monthly Price Total Monthly Price New1 BED, 1 BATH$2,150+2 BEDS, 1 BATH$2,800+Base Rent$2,150 - $2,800Required Monthly FeesNoneTotal Monthly Price$2,150 - $2,800235 W Van Buren St
235 W Van Buren St, Chicago, IL 60607 -
1 BED, 1 BATH$2,150235 W Van Buren St Unit 3420
235 W Van Buren St, Chicago, IL 60607 -
1 BED, 1 BATH$2,180200 N Dearborn St Unit 1703
200 N Dearborn St, Chicago, IL 60601 -
Total Monthly Price Total Monthly Price NewSTUDIO$2,335+1 BED$2,440+2 BEDS$4,320+Base Rent$2,190 - $7,982Required Monthly Fees$145 - $195Utilities & EssentialsVariesTotal Monthly Price$2,335 - $4,645MILA
201 N Garland Ct, Chicago, IL 60601 -
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1 BED, 1 BATH$2,200172 W Randolph St Unit 1806
172 W Randolph St, Chicago, IL 60601 -
Total Monthly Price Total Monthly Price New1 BED, 1 BATH$2,200Base Rent$2,200Required Monthly FeesNoneTotal Monthly Price$2,200300 N State St Unit 04330
300 N State St, Chicago, IL 60654 -
Total Monthly Price Total Monthly Price New1 BED, 1 BATH$2,200Base Rent$2,200Required Monthly FeesNoneTotal Monthly Price$2,20020 N State St Unit 507
20 N State St, Chicago, IL 60602 -
1 BED, 1 BATH$2,20020 N State St Unit 507
20 N State St, Chicago, IL 60602 -
1 BED, 1 BATH$2,200235 W Van Buren St Unit 1421
235 W Van Buren St, Chicago, IL 60607 -
1 BED, 1 BATH$2,200
235 W Van Buren St Unit 4208
235 W Van Buren St, Chicago, IL 60607 -
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1 BED, 1 BATH$2,210188 N Wells St Unit SI FL3-ID1239
188 N Wells St, Chicago, IL 60606 -
Chicago at a Glance
Cheap Apartments in Chicago Loop Neighborhood in Chicago, IL
When looking for cheap apartments in Chicago Loop, Apartment Finder is your deal-hunting partner. Whether you’re looking for a studio, a one-bedroom, or a two-bedroom apartment, you want the best place at the right price. We have a great selection of budget-friendly apartments for rent, and we’ll show you which apartments offer the best value when compared to other apartments in Chicago Loop.
Finding a rental that fits your budget without compromising on quality can seem like a challenge, but Apartment Finder makes it easy to discover cheap apartments with all the features you want. To find an apartment you can afford, try looking in less popular neighborhoods outside of the city center. Timing is everything when searching for rentals that are affordable, so look at different times of the day, different days of the week and (if you can wait) certain months like December through March. When you find an apartment with a great price, don’t hesitate! Cheap apartments tend to go very quickly.
Affordability doens't have to equal sacrifice. While it’s important to be flexible, you might not have to give up as much as you think. You can find a cheap apartment for rent, complete with must-have amenities such as paid utilities and an in-unit washer and dryer. Click on any of these properties to see photos and floor plans, read reviews, check out the rent calculator, and learn more about the neighborhood with information on nearby parks, shopping malls, and transit stops. With 161 cheap apartments available in Chicago Loop, Apartment Finder is the place to find your next rental.
Top Budget-Friendly Neighborhoods in Chicago
(For 1 bedroom apartments)- Neighborhoods Average Sq Ft Average Rent
- Burnside 572 Sq Ft $965/mo
- Marquette Park 639 Sq Ft $965/mo
- Calumet Heights 587 Sq Ft $971/mo
- Far South Chicago 640 Sq Ft $988/mo
- Grand Crossing 593 Sq Ft $997/mo
- Avalon Park 602 Sq Ft $999/mo
- Greater Grand Crossing 623 Sq Ft $1,000/mo
- Roseland 564 Sq Ft $1,014/mo
- Gresham 631 Sq Ft $1,030/mo
- Chatham 628 Sq Ft $1,048/mo
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About Our Deals
Apartment Finder utilizes the industry's largest and most complete database of real-time rents and availabilities to help you find an amazing deal on your next rental.
Price Drop
Apartment communities change their rental rates often - sometimes multiple times a day. We track the changes and keep you up to date when a rental rate decreases.
Best Value
"Best value" units are located in buildings rated three stars or higher. We label apartment rentals that are priced significantly less than similar high-quality units nearby.
Rent Specials
Apartment communities regularly advertise deals for new residents. Whether it's a move-in special or a free tv, we locate the rentals that offer a little something extra when you sign your lease.
Note: Based on community-supplied data and independent market research. Subject to change without notice.