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Cheap Apartments for Rent in South Loop, Chicago, IL

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  • Apartments Under $100 Apartments Under $1,000 Apartments Under $1,100 Apartments Under $1,300 Apartments Under $1,500 Apartments Under $1,600

  • Apartments Under $100

  • Only 1 unit left
    Studio $75
    1 bd $1,000
    2 bd $1,200
    Base rent
    Verified Listing

    7754 -56 S Throop St

    3.0 (2)
    1306-1310 W 78Th St, Chciago, IL 60620
    Apply online • Hardwood Floors

  • Apartments Under $1,000

  • Rent specials 23 units available
    Studio $984+
    1 bd $1,229+
    2 bd $1,684+
    Base rent
    Verified Listing

    Prairie Shores

    2937 S. King Drive, Chicago, IL 60616
    Apply online • Pet friendly • Fitness center

  • Apartments Under $1,100

  • Only 1 unit left
    1 bd $1,000
    2 bd $1,175
    3 bd $1,300
    Base rent
    Verified Listing

    7636 South Peoria Street

    7636-38 South Peoria Street, Chicago, IL 60620
    Apply online

  • Apartments Under $1,300

  • New Units Available
    Studio $1,215+
    1 bd $2,024+
    2 bd $3,256+
    Total monthly cost
    Verified Listing

    Presidential Towers

    555 West Madison, Chicago, IL 60661
    Apply online • Pet friendly • Parking

  • Apartments Under $1,500

  • Rent specials Only 1 unit left
    Studio $1,489+
    Base rent
    Verified Listing

    Gramercy Row Apartments

    3.5 (13)
    660 - 678 N. Dearborn St., Chicago, IL 60654
    Apply online • Pet friendly • Parking

  • Apartments Under $1,600

  • Only 2 units left
    2 bd $1,595+
    3 bd $2,100
    Base rent
    Verified Listing

    2213 W 23rd PL Chicago, IL 60608

    4.5 (1)
    2213 W 23Rd PL, CHICAGO, IL 60608
    Apply online • Pet friendly
  • Studio $1,605
    1 bd $2,059
    Base rent
    Verified Listing

    The Rosie

    1461 S Blue Island Ave, Chicago, IL 60608
    Pet friendly • Fitness center
  • Rent specials New Units Available
    Studio $1,835+
    1 bd $2,315+
    2 bd $3,895+
    Base rent
    Verified Listing

    Axis Apartments And Lofts

    441 E. Erie St., Chicago, IL 60611
    Apply online • Pet friendly • Fitness center
  • Rent specials New Units Available
    Studio $1,845+
    1 bd $2,183+
    2 bd $2,807+
    Base rent
    Verified Listing

    Park Michigan - 1212 S Michigan

    4.0 (60)
    1212 S Michigan Ave, Chicago, IL 60605
    Apply online • Pet friendly • Parking
  • New Units Available
    2 bd $1,845
    Base rent
    Verified Listing

    529 Michigan

    4.0 (6)
    529-35 Michigan, Evanston, IL 606202
    Apply online • Cat friendly • Dishwasher

  • More Rentals Near South Loop, Chicago, IL

  • Rent specials New Units Available
    Studio $1,875+
    1 bd $2,245+
    2 bd $3,299+
    Total monthly cost
    Verified Listing

    River North Park

    4.0 (8)
    320 W Illinois St, Chicago, IL 60654
    Apply online • Pet friendly • Laundry Facilities
  • Only 1 unit left
    2 bd $1,875
    Base rent
    Verified Listing

    2256 W. 21st St.

    2256 W. 21St St., Chicago, IL 60608
    Apply online
  • Rent specials New Units Available
    Studio $1,990+
    1 bd $2,090+
    2 bd $2,785+
    Base rent
    Verified Listing

    777 South State

    4.0 (43)
    2 East 8Th St., Chicago, IL 60605
    Apply online • Pet friendly • Parking
  • Rent specials New Units Available
    Studio $2,007+
    1 bd $2,399+
    2 bd $3,985+
    Base rent
    Verified Listing

    Eleven40

    4.5 (15)
    1140 S Wabash Ave, Chicago, IL 60605
    Apply online • Pet friendly • Parking
  • Rent specials
    1 bd $2,054
    Total monthly cost
    Verified Listing

    Uncommon

    3.5 (5)
    2101 S Wabash Ave, Chicago, IL 60616
    Apply online • Pet friendly • Fitness center
  • Rent specials New Units Available
    Studio $2,119+
    1 bd $2,234+
    2 bd $3,072+
    Base rent
    Verified Listing

    Scio At The Medical District

    4.5 (40)
    901 South Ashland Avenue, Chicago, IL 60607
    Apply online • Pet friendly • Parking
  • Rent specials New Units Available
    Studio $2,483+
    1 bd $2,798+
    2 bd $4,743+
    Base rent
    Verified Listing

    868 N. Wells

    4.5 (7)
    868 N. Wells Street, Chicago, IL 60610
    Apply online • Pet friendly • Fitness center
  • Only 1 unit left
    2 bd $4,295
    Base rent
    Verified Listing

    10-12 W. Chestnut

    4.0 (1)
    10 W Chestnut St, Chicago, IL 60610
    Apply online • Cat friendly • Dishwasher
  • Ask for pricing
    Verified Listing

    2008 S. Wabash Ave

    2008 S Wabash Ave, Chicago, IL 60616
    Cat friendly • Parking • In unit laundry
  • Ask for pricing
    Verified Listing

    Pittsfield Apartments

    4.0 (97)
    55 East Washington St, Chicago, IL 60602
    Pet friendly • Hardwood Floors • Laundry Facilities
  • Ask for pricing
    Verified Listing

    Oakwood Shores 1A

    3.5 (24)
    3859 South Vincennes Avenue, Chicago, IL 60653
    Pet friendly • Parking • Dishwasher
  • New Units Available
    Ask for pricing
    Verified Listing

    Oakwood Shores 2A

    3.0 (34)
    3859 South Vincennes Avenue, Chicago, IL 60653
    Pet friendly • Parking • In unit laundry
  • Ask for pricing
    Verified Listing

    Oakwood Shores 1B

    3.5 (31)
    3859 South Vincennes Avenue, Chicago, IL 60653
    Pet friendly • Parking • In unit laundry
  • 5-20-nhood
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Frequently asked questions

What is the price of a cheap apartment in South Loop, Chicago, IL?

The price range of a cheap apartment is between $1,990 and $5,561.

How many cheap rentals are available in South Loop, Chicago, IL on RentCafe?

There are 26 cheap rentals available on RentCafe. Prices and availability in South Loop, Chicago, IL were last updated on 13 Oct 2026.

What is the average size of a cheap apartment in South Loop, Chicago, IL?

The average South Loop, Chicago, IL cheap apartment size is 525 sq. ft.

What are the advantages of renting a cheap apartment in South Loop, Chicago, IL?

Cheap apartments in South Loop, Chicago, IL are usually less expensive, smaller, and easier to maintain. They also come with lower utility costs.

What are the downsides of renting a cheap apartment in South Loop, Chicago, IL?

A cheap apartment in South Loop, Chicago, IL offers little storage space and fewer amenities compared to other apartments.

Looking for a cheap apartment for rent in South Loop, Chicago, IL? With RentCafe, finding an affordable apartment in South Loop has never been easier. We feature 82 low-priced rentals directly from property managers, with rents lower than the South Loop, Chicago, IL average, which is currently $2,787. On RentCafe, South Loop rents go as low as $984/mo.