Cheap Apartments for Rent in Chicago Loop
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Exceptional ValueSTUDIO$1,899+1 BED$2,149+2 BEDS$899+3 BEDS$849+
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Price Drop. $376 OffSTUDIO$2,622+1 BED$2,699+2 BEDS$1,359+3 BEDS$989+The Buckingham Student Living
59 E Van Buren St, Chicago, IL 60605 -
Total Monthly Price Total Monthly Price New1 BED, 1 BATH$1,500Base Rent$1,500Required Monthly FeesNoneTotal Monthly Price$1,500188 N Wells St Unit SI FL2-ID1232
188 N Wells St, Chicago, IL 60606 -
Exceptional Value|STUDIO$1,685+1 BED$2,085+2 BEDS$2,970+
63 E Lake
63 E Lake St, Chicago, IL 60601 -
Exceptional ValueSTUDIO$1,795+1 BED$1,995+Pittsfield Apartments
55 E Washington St, Chicago, IL 60602 -
Total Monthly Price Total Monthly Price NewSTUDIO, 1 BATH$1,810Base Rent$1,810Required Monthly FeesNoneTotal Monthly Price$1,810188 N Wells St Unit SI FL3-ID1236
188 N Wells St, Chicago, IL 60606 -
Total Monthly Price Total Monthly Price New1 BED, 1 BATH$1,830Base Rent$1,830Required Monthly FeesNoneTotal Monthly Price$1,830188 N Wells St Unit SI FL2-ID1234
188 N Wells St, Chicago, IL 60606 -
STUDIO, 1 BATH$1,850300 N State St Unit 3602
300 N State St, Chicago, IL 60654 -
Exceptional Value
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STUDIO, 1 BATH$1,900300 N State St Unit 2125
300 N State St, Chicago, IL 60654 -
Exceptional Value|1 BED$1,935+2 BEDS$2,730+3 BEDS$3,350+
Fisher Building Apartments
343 S Dearborn St, Chicago, IL 60604 -
Exceptional ValueSTUDIO$1,950+1 BED$2,265+330 S. Wells St
330 S Wells St, Chicago, IL 60606 -
Good ValueSTUDIO$1,995+1 BED$2,220+2 BEDS$5,530+
Randolph Tower City Apartments
188 W Randolph St, Chicago, IL 60601 -
1 BED, 1 BATH$2,000200 N Dearborn St Unit 1503
200 N Dearborn St, Chicago, IL 60601 -
Total Monthly Price Total Monthly Price NewSTUDIO, 1 BATH$2,000Base Rent$2,000 - $2,100Required Monthly FeesNoneTotal Monthly Price$2,000 - $2,100130 N Garland Ct
130 N Garland Ct, Chicago, IL 60602 -
STUDIO, 1 BATH$2,000300 N State St Unit 4702
300 N State St, Chicago, IL 60654 -
1 BED$2,062+3 BEDS$5,175+215 W Washington
212-220 W Washington St, Chicago, IL 60606 -
Good Value -
Good Value|STUDIO$2,089+1 BED$2,400+2 BEDS$3,166+
Century Tower
182 W Lake St, Chicago, IL 60601 -
STUDIO$2,098+1 BED$2,637+2 BEDS$3,712+3 BEDS$5,257+
The Grand Central
221 W Harrison St, Chicago, IL 60607 -
Total Monthly Price Total Monthly Price New1 BED, 1 BATH$2,100Base Rent$2,100Required Monthly FeesNoneTotal Monthly Price$2,100200 N Dearborn St Unit 2405
200 N Dearborn St, Chicago, IL 60601 -
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$2,100200 N Dearborn St Unit 04503
200 N Dearborn St, Chicago, IL 60601 -
Total Monthly Price Total Monthly Price NewSTUDIO, 1 BATH$2,100Base Rent$2,100Required Monthly FeesNoneTotal Monthly Price$2,100180 W Lake St Unit 1606
180 W Lake St, Chicago, IL 60601 -
STUDIO, 1 BATH$2,100176 N Wells St
176 N Wells St, Chicago, IL 60606 -
Good ValueSTUDIO$2,125+1 BED$2,295+320 N. Michigan
320 N Michigan Ave, Chicago, IL 60601 -
Good ValueTotal Monthly Price Total Monthly Price NewSTUDIO$2,317+1 BED$2,773+2 BEDS$4,695+Base Rent$2,147 - $4,574Required Monthly Fees$170 - $195Utilities & EssentialsVariesTotal Monthly Price$2,317 - $4,769
Lake and Wells
210 N Wells St, Chicago, IL 60606 -
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 1139
20 N State St, Chicago, IL 60602 -
Total Monthly Price Total Monthly Price New1 BED, 1 BATH$2,200+2 BEDS, 1 BATH$3,100+Base Rent$2,200 - $3,100Required Monthly FeesNoneTotal Monthly Price$2,200 - $3,100
235 W Van Buren St
235 W Van Buren St, Chicago, IL 60607 -
1 BED, 1 BATH$2,200431 S Dearborn St
431 S Dearborn St, Chicago, IL 60605 -
1 BED, 1 BATH$2,200310 S Michigan Ave Unit 1512
310 S Michigan Ave, Chicago, IL 60604 -
1 BED, 1 BATH$2,2255 N Wabash Ave Unit 905
5 N Wabash Ave, Chicago, IL 60602 -
STUDIO$2,226+1 BED$2,613+2 BEDS$4,113+215 West Apartments
215 W Washington St, Chicago, IL 60606 -
1 BED, 1 BATH$2,24528 E Adams St
28 E Adams St, Chicago, IL 60603 -
1 BED, 1 BATH$2,250310 S Michigan Ave Unit 1611
310 S Michigan Ave, Chicago, IL 60604 -
STUDIO$2,280+1 BED$2,515+2 BEDS$4,055+
Wacker Place
65 E Wacker Pl, Chicago, IL 60601 -
1 BED, 1 BATH$2,295200 N Dearborn St
200 N Dearborn St, Chicago, IL 60601 -
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Total Monthly Price Total Monthly Price New1 BED, 1 BATH$2,350Base Rent$2,350Required Monthly FeesNoneTotal Monthly Price$2,350300 N State St Unit 3910
300 N State St, Chicago, IL 60654 -
|STUDIO$2,352+1 BED$2,833+2 BEDS$4,099+
Marquee at Block 37
25 W Randolph St, Chicago, IL 60601
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 177 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
- West Auburn 551 Sq Ft $907/mo
- Marynook 629 Sq Ft $944/mo
- Calumet Heights 651 Sq Ft $958/mo
- Far South Chicago 584 Sq Ft $962/mo
- Burnside 596 Sq Ft $967/mo
- Englefield 668 Sq Ft $980/mo
- Dauphin Park 519 Sq Ft $984/mo
- Avalon Park 611 Sq Ft $997/mo
- Roseland 561 Sq Ft $1,001/mo
- Greater Grand Crossing 631 Sq Ft $1,011/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.