Studio Apartments For Rent Chicago Loop . Pros of renting a studio apartment. As of june 2022, the average apartment rent in west loop is $1,649 for a studio, $2,372 for one bedroom, $3,434 for two bedrooms, and $4,717 for three bedrooms. River North HighRise Apartments for Rent Luxury Living from www.luxurychicagoapartments.com Studio apartments for rent in loop, chicago, il. Pros of renting a studio apartment. Not only is it cheaper to rent a studio apartment than a one bedroom, but you also save.