
Cheap 1 Bedroom Apartments for Rent in the Chicago Loop Neighborhood of Chicago, IL from $1,749 (128 Rentals) Page 2 of 3


Arrive Streeterville

131 S Clinton St, Unit 603

474 N Lake Shore Dr, Unit 5603

Total Monthly Price
215 W Lake St, Unit SI FL7-ID1331

Total Monthly Price
215 W Lake St, Unit SI FL12-ID1343

Total Monthly Price
460 W Chicago Ave, Unit SI FL15-ID1351

296 N Canal St

883 S Clark St

222 N Columbus Dr, Unit 2806
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River City Apartments

1111 S Wabash Ave, Unit 1605

Total Monthly Price
545 N Dearborn St, Unit 2201B

70 W Huron St, Unit 1805

630 N Franklin St, Unit 717

630 N Franklin St, Unit 717

The Bush Temple

345 N La Salle Dr, Unit 1805

Total Monthly Price
750 N. Rush

41 W Polk St
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Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Axis Apartments and Lofts

67 W Chicago Ave, Unit 205

Shoreham and Tides

222 W Randolph St

332 N Canal St

225 W Huron St, Unit 625

910 S Michigan Ave, Unit 708

142 W Superior St

Marina City

659 N Wells St
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The Ardus

197 E Illinois St

279 N Canal St

212 W Washington St, Unit 1403

Flair Tower Apartments

West77 Apartments

326 E Wacker Dr

10 E Ontario St, Unit 1303

30 E Huron St, Unit 3108

674 N Orleans St, Unit 2
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

674 N Wells St, Unit 1104

621 S Plymouth Ct, Unit 307

Total Monthly Price
750 N Rush St, Unit SI FL11-ID165

25 W Hubbard St

211 E. Ohio St.

180 W. Adams

200 N. Dearborn St.

Luxury condo unit

600 N Lake Shore Dr

55 E Erie St
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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!
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 | $2,575 | $1,430 | $4,872 |
Chicago Loop 1 Bedroom Apartments | $3,126 | $1,749 | $8,960 |
| Chicago Loop 2 Bedroom Apartments | $4,685 | $970 | $10,000+ |
| Chicago Loop 3 Bedroom Apartments | $6,390 | $999 | $10,000+ |
| Chicago Loop 4 Bedroom Apartments | $2,818 | $970 | $10,000+ |
Explore 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 $2,079.
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 $1,959, while the average apartment in Chicago Loop costs $5,998.
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 94 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 $656 which is $5,342 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

A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago
Written by: Nicole Harms
I’m Nicole, your ApartmentHomeLiving.com Local Expert for Chicago, IL. As a resident of the Chicago area for over 20 years, I’ve learned which neighborhoods are great and which are best avoided.

Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
Written by: Nicole Harms
With world-class museums lining its streets, Chicago is a place people go to learn. It’s not surprising, therefore, that it’s also home to multiple colleges and universities with national and global reputations.

Best Neighborhoods to Rent in Near Chicago's Top Employers
Written by: Nicole Harms
Whenever life takes me into the city, I’m always impressed with the sheer amount of industry and commerce that it holds. With all of that commerce comes a wide range of employment options.

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 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.

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.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.