If you are looking for a place to live in Chicago, you have to consider living inside the “loop.” The loop is referring to several highways that all run around the city in a loop formation. If you plan to live in a Chicago loop apartment, you will have access to public transportation and will have easy access to many city sites and shopping malls. Many people like the convenience of living inside the loop, so that they do not have to have a long commute to work each day. Although it is convenient, loop apartments and condos have very expensive rent.