Cheap 1 Bedroom Apartments for Rent in the South Loop Neighborhood of Chicago, IL from $1,150 (98 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
$2,129 - $3,515

Total Monthly Price

Base Rent$2,054 - $5,635

Total Monthly PriceVaries
1 Bedroom Apartments Available Oct 1

Coeval

51 E 14th StChicago, IL 60605
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
property at 500 S Clinton St
$2,150

Total Monthly Price

Base Rent$2,150

Total Monthly Price$2,150
1 Bedroom, 1 Bath Condo for Rent
Available Now
Affordability

500 S Clinton St, Unit 745

500 S Clinton St
ChicagoIL60607
property at 701 S Wells St
$2,200

Total Monthly Price

Base Rent$2,200

Total Monthly Price$2,200
1 Bedroom, 1 Bath Condo for Rent
Available Oct 1
Affordability

701 S Wells St, Unit 803

701 S Wells St
ChicagoIL60607

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.

property at 1307 S Wabash Ave
$2,200

Total Monthly Price

Base Rent$2,200

Total Monthly Price$2,200
1 Bedroom, 1 Bath Condo for Rent
Available Now
Affordability

1307 S Wabash Ave, Unit 305

1307 S Wabash Ave
ChicagoIL60605
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1401 S. State
$2,271 - $9,852

Total Monthly Price

Base Rent$2,277 - $24,461

Total Monthly PriceVaries
1 Bedroom Apartments Available Now

1401 S. State

1401 S State StChicago, IL 60605
Furnished
  • Verified
  • Customer Reviewed
  • 3D Tour
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Neveseno
$2,284 - $3,384

Total Monthly Price

Base Rent$2,284 - $8,740

Total Monthly PriceVaries
1 Bedroom Apartments Available Now

Neveseno

1717 S Michigan AveChicago, IL 60616
Corporate Housing
  • 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!

property at 700 S Clark St
$2,300

Total Monthly Price

Base Rent$2,300

Total Monthly Price$2,300
1 Bedroom, 1 Bath Condo for Rent
Available Now
Affordability

700 S Clark St, Unit 13D

700 S Clark St
ChicagoIL60605
  • Smoke Free
property at 701 S Wells St
$2,300

Total Monthly Price

Base Rent$2,300

Total Monthly Price$2,300
1 Bedroom, 1 Bath Condo for Rent
Available Oct 1
Affordability

701 S Wells St, Unit 803

701 S Wells St
ChicagoIL60607
property at 1111 S Wabash Ave
$2,300

Total Monthly Price

Base Rent$2,300

Total Monthly Price$2,300
1 Bedroom, 1 Bath Condo for Rent
Available Now
Affordability

1111 S Wabash Ave, Unit 23D

1111 S Wabash Ave
ChicagoIL60605
  • Smoke Free
property at 2110 S Wabash Ave
$2,310

Total Monthly Price

Base Rent$2,310 - $4,495

Total Monthly Price$2,310 - $4,495
1 Bedroom Condos for Rent
Available Now
Affordability

2110 S Wabash Ave

ChicagoIL60616
  • Smoke Free
property at 1717 S Prairie Ave
$2,350

Total Monthly Price

Base Rent$2,350

Total Monthly Price$2,350
1 Bedroom, 1 Bath Condo for Rent
Available Now
Affordability

1717 S Prairie Ave, Unit 1307

1717 S Prairie Ave
ChicagoIL60616

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.

property at 1305 S Michigan Ave
$2,395

Total Monthly Price

Base Rent$2,395 - $2,995

Total Monthly Price$2,395 - $2,995
1 Bedroom Condos for Rent
Available Now
Affordability

1305 S Michigan Ave

ChicagoIL60605
property at 1400 S Michigan Ave
$2,400

Total Monthly Price

Base Rent$2,400

Total Monthly Price$2,400
1 Bedroom, 1 Bath Condo for Rent
Available Now
Affordability

1400 S Michigan Ave, Unit 1807

1400 S Michigan Ave
ChicagoIL60605
property at 1111 S Wabash Ave
$2,400

Total Monthly Price

Base Rent$2,400

Total Monthly Price$2,400
1 Bedroom, 1 Bath Condo for Rent
Available Now
Affordability

1111 S Wabash Ave, Unit 1605

1111 S Wabash Ave
ChicagoIL60605
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Imprint
$2,446 - $2,690

Total Monthly Price

Base Rent$2,044 - $11,106

Total Monthly PriceVaries
1 Bedroom Apartments Available Now

Imprint

717 S Clark StChicago, IL 60605
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
property at 611 S Wells St
$2,450

Total Monthly Price

Base Rent$2,450

Total Monthly Price$2,450
1 Bedroom, 1 Bath Condo for Rent
Available Now
Affordability

611 S Wells St, Unit 1609

611 S Wells St
ChicagoIL60607
  • Smoke Free

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.

Frequently Asked Questions about Cheap South Loop Apartments

What is a cheap apartment in South Loop?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in South Loop is under $2,116.

What is the price of a cheap apartment in South Loop?

The cheapest apartment in South Loop is Prairie CoLiving which is listed at $1,150, while the average apartment in South Loop costs $2,780.

What types of apartments are the cheapest in South 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 101 regular apartments in South 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 South Loop?

Cheap apartments in South Loop have an average cost of $688 which is $2,092 cheaper than the average rent for all rentals in South 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

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

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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.

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

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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.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

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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.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

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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.

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

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