Cheap Apartments for Rent in South Loop
-
Exceptional Value
-
1 BED, 1 BATH$9001407 S Halsted St Unit Phoenix-A
1407 S Halsted St, Chicago, IL 60607 -
4 BEDS, 2.5 BATHS$9301928 S Young Park Way Unit B
1928 S Young Park Way, Chicago, IL 60616 -
STUDIO$1,799+2 BEDS$999+3 BEDS$999+
Student | The Flats East West
829 S Wabash Ave, Chicago, IL 60605 -
Price Drop. $285 Off|STUDIO$1,147+1 BED$1,394+2 BEDS$1,634+3 BEDS$2,871+
Prairie Shores
2937 South King Dr, Chicago, IL 60616 -
STUDIO$2,622+1 BED$2,699+2 BEDS$1,405+3 BEDS$1,200+The Buckingham
59 E Van Buren St, Chicago, IL 60605 -
Total Monthly Price Total Monthly Price New2 BEDS, 1 BATH$1,200Base Rent$1,200Required Monthly FeesNoneTotal Monthly Price$1,2001708 S Clinton St Unit #2
1708 S Clinton St, Chicago, IL 60616 -
-
-
STUDIO$2,166+2 BEDS$3,575+3 BEDS$1,696+4 BEDS$1,466+
Straits Row
633 S La Salle St, Chicago, IL 60605 -
1 BED$1,481+2 BEDS$1,759+3 BEDS$1,750+4 BEDS$2,068+Eden Commons
2701 S Indiana Ave, Chicago, IL 60616 -
Total Monthly Price Total Monthly Price New1 BED, 1 BATH$1,600Base Rent$1,600Required Monthly FeesNoneTotal Monthly Price$1,600241 W 23rd St Unit Second Floor
241 W 23rd St, Chicago, IL 60616 -
STUDIO$1,625+1 BED$1,959+2 BEDS$2,299+
820 Michigan by 3L Living
820 S Michigan Ave, Chicago, IL 60605 -
STUDIO$2,299+1 BED$2,599+2 BEDS$3,498+3 BEDS$5,997+
626 on the Park
626 S Wabash Ave, Chicago, IL 60605 -
Total Monthly Price Total Monthly Price New2 BEDS$1,958+3 BEDS$2,020+4 BEDS$1,730+Base Rent$1,730 - $2,060Utilities & EssentialsVariesTotal Monthly Price$1,730 - $2,06030 East
30 E Balbo Ave, Chicago, IL 60605 -
-
Total Monthly Price Total Monthly Price NewSTUDIO, 1 BATH$1,800Base Rent$1,800Required Monthly FeesNoneTotal Monthly Price$1,8001255 S State St Unit 15B
1255 S State St, Chicago, IL 60605 -
STUDIO, 1 BATH$1,8001620 S Michigan Ave Unit 813
1620 S Michigan Ave, Chicago, IL 60616 -
Total Monthly Price Total Monthly Price NewSTUDIO$1,946+1 BED$2,481+2 BEDS$3,265+Base Rent$1,816 - $4,830Required Monthly Fees$130 - $240Utilities & EssentialsVariesTotal Monthly Price$1,946 - $5,070
Imprint
717 S Clark St, Chicago, IL 60605 -
Total Monthly Price Total Monthly Price NewSTUDIO$1,955+1 BED$2,207+2 BEDS$3,348+Base Rent$1,825 - $5,451Required Monthly Fees$130 - $185Utilities & EssentialsVariesTotal Monthly Price$1,955 - $5,636
Coeval
51 E 14th St, Chicago, IL 60605 -
STUDIO$1,832+1 BED$2,427+2 BEDS$4,255+3 BEDS$5,701+1407 on Michigan
1407 S Michigan Ave, Chicago, IL 60605 -
STUDIO$1,839+1 BED$1,980+2 BEDS$2,833+Park Michigan - 1212 S Michigan Ave
1212 S Michigan Ave, Chicago, IL 60605 -
1 BED, 1 BATH$1,85030 E Roosevelt Rd
30 E Roosevelt Rd, Chicago, IL 60605 -
Price Drop. $620 Off|STUDIO$1,894+1 BED$2,099+2 BEDS$2,579+
Astoria Tower
8 E 9th St, Chicago, IL 60605 -
-
STUDIO$1,916+1 BED$2,714+3 BEDS$6,127+The Grand Central
221 W Harrison St, Chicago, IL 60607 -
1 BED, 1 BATH$1,92030 E Roosevelt Rd Unit PL FL8-ID804
30 E Roosevelt Rd, Chicago, IL 60605 -
STUDIO, 1 BATH$1,9301000 S Michigan Ave Unit SI FL25-ID1349
1000 S Michigan Ave, Chicago, IL 60605 -
Exceptional Value|STUDIO$2,005+1 BED$1,935+2 BEDS$2,460+3 BEDS$3,350+
Fisher Building Apartments
343 S Dearborn St, Chicago, IL 60604 -
-
-
STUDIO$1,949+1 BED$2,346+2 BEDS$3,075+ELEVEN THIRTY
1130 S Michigan Ave, Chicago, IL 60605 -
1 BED$1,959+2 BEDS$2,199+3 BEDS$3,199+
731 Plymouth by 3L Living
731 S Plymouth Ct, Chicago, IL 60605 -
1 BED, 1 BATH$1,9601212 S Michigan Ave Unit SI FL17-ID1080
1212 S Michigan Ave, Chicago, IL 60605 -
-
-
1 BED, 1 BATH$1,970
1212 S Michigan Ave Unit SI FL25-ID1082
1212 S Michigan Ave, Chicago, IL 60605 -
1 BED, 1 BATH$1,975899 S Plymouth Ct Unit 1907
899 S Plymouth Ct, Chicago, IL 60605 -
-
STUDIO$1,993+1 BED$2,182+2 BEDS$3,077+
Eleven40
1140 So Wabash Ave, Chicago, IL 60605 -
Total Monthly Price Total Monthly Price New2 BEDS, 1 BATH$2,000Base Rent$2,000Required Monthly FeesNoneTotal Monthly Price$2,0001845 S Michigan Ave Unit 01204
1845 S Michigan Ave, Chicago, IL 60616 -
Total Monthly Price Total Monthly Price New1 BED, 1 BATH$2,000+2 BEDS, 1 BATH$3,100+3 BEDS, 1 BATH$4,500+Base Rent$2,000 - $4,500Required Monthly FeesNoneTotal Monthly Price$2,000 - $4,5001322 S Wabash Ave
1322 S Wabash Ave, Chicago, IL 60605
Chicago at a Glance
Cheap Apartments in South Loop Neighborhood in Chicago, IL
When looking for cheap apartments in South 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 South 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 336 cheap apartments available in South 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
- Marynook 590 Sq Ft $959/mo
- Calumet Heights 597 Sq Ft $969/mo
- Burnside 650 Sq Ft $985/mo
- Avalon Park 600 Sq Ft $998/mo
- Grand Crossing 581 Sq Ft $1,002/mo
- Dauphin Park 681 Sq Ft $1,009/mo
- Auburn Highlands 610 Sq Ft $1,010/mo
- East Chatham 613 Sq Ft $1,017/mo
- Far South Chicago 612 Sq Ft $1,023/mo
- Greater Grand Crossing 635 Sq Ft $1,023/mo
Education
Data provided by GreatSchools.org 2025 © 2025. All rights reserved.
Select Bedrooms
Specialty Housing
Choose by Amenities
Submitting Request
Thank You
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.