Cheap 1 Bedroom Apartments for Rent in the Chicago Loop Neighborhood of Chicago, IL from $1,500 (169 Rentals)

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The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago

Chicago may cost more than the national average, but with the right neighborhood, a smart transit strategy, and a few local insider tips, living well in the Windy City is more achievable than you might think. Our local expert breaks down everything from rent and groceries to transportation and healthcare so you can plan your move with confidence.

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property at 30 W Huron St

$2,200

Total Monthly Price

Total Monthly Price

Base Rent
$2,200
Total Monthly Price
$2,200

1 Bedroom, 1 Bath Condo for Rent

Available Now

30 W Huron St, Unit 02606

30 W Huron St
ChicagoIL60654
property at 235 W Van Buren St

$2,200 - $2,300

Total Monthly Price

Total Monthly Price

Base Rent
$2,200 - $3,100
Total Monthly Price
$2,200 - $3,100

1 Bedroom Condos for Rent

Available Now

235 W Van Buren St

ChicagoIL60607
property at 20 N State St

$2,200

Total Monthly Price

Total Monthly Price

Base Rent
$2,200
Total Monthly Price
$2,200

1 Bedroom, 1 Bath Condo for Rent

Available Now

20 N State St, Unit 1139

20 N State St
ChicagoIL60602

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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440 N Wabash Ave, Unit 4803
$2,200
Total Monthly Price

Total Monthly Price

Base Rent
$2,200
Total Monthly Price
$2,200
1 Bedroom Apartment Available Aug 1

440 N Wabash Ave, Unit 4803

440 N Wabash AveChicago, IL 60611
Affordability
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property at 42 E Superior St

$2,200

Total Monthly Price

Total Monthly Price

Base Rent
$2,200
Total Monthly Price
$2,200

1 Bedroom, 1 Bath Condo for Rent

Available Now

42 E Superior St, Unit 9F

42 E Superior St
ChicagoIL60611
property at 360 W Illinois St

$2,200

Total Monthly Price

Total Monthly Price

Base Rent
$2,200
Total Monthly Price
$2,200

1 Bedroom, 1 Bath Condo for Rent

Available Now

360 W Illinois St

ChicagoIL60654
property at 5 N Wabash Ave

$2,225 - $3,600

1 Bedroom Rentals

Available Now

5 N Wabash Ave

ChicagoIL60602

Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible

Looking for a rental near Chicago? These five cities offer excellent options! From small-town charm to excellent business options, you can't go wrong!

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Chicago Relocation 101: Mastering Utilities, Registration, and the CTA

Moving to Chicago? This essential relocation guide offers a complete checklist for new residents, covering finding the right neighborhood, setting up utilities (ComEd, People’s Gas), and mastering high-rise moving logistics and vehicle registration.

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property at 401 E Ontario St

$2,329

Total Monthly Price

Total Monthly Price

Base Rent
$2,329
Total Monthly Price
$2,329

1 Bedroom, 1 Bath Condo for Rent

Available Now

401 E Ontario St, Unit 3308

401 E Ontario St
ChicagoIL60611
property at 674 N Wells St

$2,350

Total Monthly Price

Total Monthly Price

Base Rent
$2,350
Total Monthly Price
$2,350

1 Bedroom, 1 Bath Condo for Rent

Available Sep 5

674 N Wells St, Unit 1904

674 N Wells St
ChicagoIL60654

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Frequently Asked Questions about Cheap Chicago Loop Apartments

What is the Cheapest Studio apartment in Chicago Loop?

Currently the most affordable Cheap Studio Apartment in Chicago Loop is at 777 South State listed at $2,110.

How much is rent for a Cheap One Bedroom Chicago Loop Apartment?

The lowest price for a Cheap One Bedroom Chicago Loop Apartment is $2,110 at 777 South State.

What is the lowest price for a Cheap Two Bedroom Chicago Loop Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Chicago Loop is starting from $2,110 at 777 South State.

What is the most affordable Chicago Loop Three Bedroom Apartment?

The best deal on a cheap Chicago Loop Three Bedroom Apartment rental is at 777 South State and starts from $2,110.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Helpful Local Expert Guides

decorative image for The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago article

The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago

Written by: Nicole Harms

When choosing a place to live, there are many things you must consider. Your employer, your shopping preferences, and even schools are all important to think about. Yet cost of living is also important to know and plan for.

decorative image for Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible article

Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible

Written by: Nicole Harms

I’m Nicole, you’re ApartmentHomeLiving.com Local Expert for Chicago. There’s no denying I love the Windy City. Yet there’s also no denying that rental homes in Chicago can be pricy, small, and hard to find.

decorative image for Chicago Relocation 101: Mastering Utilities, Registration, and the CTA article

Chicago Relocation 101: Mastering Utilities, Registration, and the CTA

Written by: Nicole Harms

Moving to a new city is always an exciting time, especially one as vibrant and diverse as Chicago. With world-class museums, a breathtaking lakefront, and numerous employment opportunities, there’s much to love about this city.

decorative image for Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago article

Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago

Written by: Nicole Harms

From Lake Shore Drive to the O’Hare Airport, the city of Chicago is a study in diversity, resilience, and culture.

Articles, How-To's, and Tips

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.