Cheap 1 Bedroom Apartments for Rent in the South Loop Neighborhood of Chicago, IL from $1,150 (61 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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Coeval
$2,134 - $3,515
Total Monthly Price

Total Monthly Price

Base Rent
$2,059 - $5,628
Total Monthly Price
Varies
1 Bedroom Apartments Available Aug 8

Coeval

51 E 14th StChicago, IL 60605
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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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1401 S. State
$2,168 - $9,026
Total Monthly Price

Total Monthly Price

Base Rent
$2,174 - $10,418
Total Monthly Price
Varies
1 Bedroom Apartments Available Now

1401 S. State

1401 S State StChicago, IL 60605
Furnished
  • Verified
  • Customer Reviewed
  • 3D Tour

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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Neveseno
$2,284 - $3,384
Total Monthly Price

Total Monthly Price

Base Rent
$2,284 - $8,740
Total Monthly Price
Varies
1 Bedroom Apartments Available Sep 5

Neveseno

1717 S Michigan AveChicago, IL 60616
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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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Eastgate Village
1 Bedroom Apartments

Eastgate Village

300 E 26th StChicago, IL 60616
Senior Living
  • Utilities Included
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McCormick CoLiving
1 Bedroom Apartments

McCormick CoLiving

2401 S State StChicago, IL 60616
Corporate Housing
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561 W 18th St
1 Bedroom Apartments

561 W 18th St

561 W 18th StChicago, IL 60616
  • Utilities Included

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 South Loop Apartments

What is the Cheapest Studio apartment in South Loop?

Currently the most affordable Cheap Studio Apartment in South Loop is at Prairie CoLiving listed at $1,150.

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

The lowest price for a Cheap One Bedroom South Loop Apartment is $1,150 at Prairie CoLiving.

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

Today's best deal for a Cheap Two Bedroom Apartment in South Loop is starting from $1,150 at Prairie CoLiving.

What is the most affordable South Loop Three Bedroom Apartment?

The best deal on a cheap South Loop Three Bedroom Apartment rental is at Prairie CoLiving and starts from $1,150.

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.

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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

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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.

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.