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Cheap Apartments for Rent in South Loop, Chicago, IL

Cheap Apartments for Rent in South Loop, Chicago, IL. 137 Rentals Available
137 Rentals Available
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Apartments Under $100 Apartments Under $1,100 Apartments Under $1,200 Apartments Under $1,400 Apartments Under $1,500 Apartments Under $1,600

Apartments Under $100

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

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

Apartments Under $1,100

  • 1 bd $1,000
    2 bd $1,175+
    3 bd $1,300
    Base rent
    Verified Listing

    7636-38 South Peoria Street, Chicago, IL 60620

Apartments Under $1,200

  • Rent specials 63 units available
    Studio $1,198+
    1 bd $1,288+
    2 bd $1,764+
    Base rent
    Verified Listing

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

Apartments Under $1,400

  • 1 bd $1,350+
    Base rent
    Verified Listing

    3.0 (3)
    1843 South Racine Avenue, Chicago, IL 60608
    Pet friendly

Apartments Under $1,500

  • Rent specials New units available
    Studio $1,413+
    1 bd $1,909+
    2 bd $3,249+
    Total monthly cost
    Verified Listing

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

Apartments Under $1,600

  • Ask for pricing
    Verified Listing

    3.0 (3)
    30 E. Roosevelt Rd, Chicago, IL 60605
    Pet friendly • In unit laundry
  • Rent specials Only 1 unit left
    Studio $1,536+
    Base rent
    Verified Listing

    3.5 (12)
    660 - 678 N. Dearborn St., Chicago, IL 60654
    Apply online • Cat friendly • Fitness center
5-20-nhood

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 $1,895 and $5,405.

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

There are 8 cheap rentals available on RentCafe. Prices and availability in South Loop, Chicago, IL were last updated on 28 Jun 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 579 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 137 low-priced rentals directly from property managers, with rents lower than the South Loop, Chicago, IL average, which is currently $2,761. On RentCafe, South Loop rents go as low as $1,000/mo.