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Apartments in The Loop Under $5,000

227 apartments available in The Loop under $5,000. Median rent $2,789. Live prices updated every few hours from the property's own leasing systems.

About The Loop: Central business district, but increasingly residential since 2015. Live above the Art Institute or in a converted office tower with the river out one window and Millennium Park out the other. Quiet evenings and weekends after the office crowd leaves.
227
Available
15
Buildings
$2,789
Median rent
$1,950
Cheapest

Available now (30 of 227)

Top buildings for this search

Frequently asked

What's the cheapest in The Loop under $5,000 right now?

330 South Wells #0702 at $1,950/month, 427 square feet. Located at 330 S Wells St.

How many apartments are available in The Loop under $5,000?

227 apartments are currently listed across 15 buildings in The Loop under $5,000. Median rent is $2,789.

Which buildings in The Loop offer apartments?

Top buildings by current inventory: OneEleven, Lake & Wells, Linea, One Six Six, Century Tower.

Is $5,000 a realistic budget for in The Loop?

Yes. The median rent at this size in The Loop is $2,789, so a $5,000 ceiling sits $2,211 above the median and gives you 227 options.

Compare The Loop to nearby neighborhoods

More in The Loop

Updated July 27, 2026 at 12:46 AM CDT. Prices, availability, and amenities are pulled from each property's own leasing system and refreshed every few hours. No paid placement.