
Cheap 1 Bedroom Apartments for Rent in the Chicago Loop Neighborhood of Chicago, IL from $1,233 (190 Rentals)


731 Plymouth by 3L Living

Lake Shore Plaza

750 N Rush St

Total Monthly Price
188 N Wells St, Unit SI FL2-ID1232

Total Monthly Price
420 E Ohio St, Unit SI FL11-ID583

8 W Monroe St, Unit 1206

440 N Wabash Ave, Unit 01707

Fisher Building Apartments

106 W Chicago Ave, Unit 304
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.

820 Michigan by 3L Living

Pittsfield Apartments

200 N Dearborn St, Unit 04503

10 E. Ontario St.

Total Monthly Price
330 S Wells St, Unit SI FL14-ID220

777 South State

The Bush Temple

63 E Lake

Columbus Plaza

30 W Huron St, Unit 02606
Exploring Rental Options: Apartments, Townhomes, and Lofts—Oh My!
Looking for the perfect rental? From apartments and condos to lofts and single family rentals, explore the unique pros and cons of each rental type to help you land in your perfect new place.

Total Monthly Price
1136 N La Salle Dr

300 N State St, Unit 04330

22 N State St, Unit 43c

235 W Van Buren St

20 N State St, Unit 1139

700 S Clark St, Unit 13D

701 S Wells St, Unit 803

701 S Wells St, Unit 803

360 W Illinois St

474 N Lake Shore Dr, Unit 2412
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!

701 S Wells St, Unit 803

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750 N Rush St, Unit SI FL11-ID165

Total Monthly Price
123 N Wacker Dr

Arrive Streeterville

Total Monthly Price
102 W Chicago Ave

Astoria Tower

621 S Plymouth Ct, Unit 307

Century Tower

330 S. Wells St

222 N Columbus Dr, Unit 3504
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.

237 E Wacker Dr

701 S Wells St, Unit 803

663 N State St, Unit 911

1111 S Wabash Ave, Unit 23D

630 N Franklin St, Unit 417

The Regal Apartments

Total Monthly Price
61 W Erie St, Unit SI FL2-ID1397

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330 S Wells St, Unit SI FL13-ID200

Total Monthly Price
700 N La Salle Dr, Unit 1

Total Monthly Price
152 W Huron St
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Looking for the perfect new rental? Learn great ways to spot the perfect apartment for you, identify common red flags, and avoid rental issues and scams with these expert provided actionable tips.
Chicago Loop, Chicago, IL Local Guide

How much does it cost to rent an apartment in Chicago Loop?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Chicago Loop Studio Apartments | $2,588 | $1,260 | $6,987 |
Chicago Loop 1 Bedroom Apartments | $3,062 | $1,233 | $9,999 |
| Chicago Loop 2 Bedroom Apartments | $4,515 | $1,819 | $10,000+ |
| Chicago Loop 3 Bedroom Apartments | $8,211 | $1,024 | $10,000+ |
| Chicago Loop 4 Bedroom Apartments | $5,159 | $1,025 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 190 rentals with your search options within a 1 mile radius of the Chicago Loop Neighborhood of Chicago, IL.
See all Apartments in ChicagoExplore Chicago
Frequently Asked Questions about Cheap Chicago Loop Apartments
What is a cheap apartment in Chicago Loop?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Chicago Loop is under $2,000.
What is the price of a cheap apartment in Chicago Loop?
The cheapest apartment in Chicago Loop is 731 Plymouth by 3L Living which is listed at $1,929, while the average apartment in Chicago Loop costs $2,960.
What types of apartments are the cheapest in Chicago Loop?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 131 regular apartments in Chicago Loop that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Chicago Loop?
Cheap apartments in Chicago Loop have an average cost of $573 which is $2,387 cheaper than the average rent for all rentals in Chicago Loop.
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

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.

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.

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.

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

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.