
Cheap 1 Bedroom Apartments for Rent in the The Loop Neighborhood of Chicago, IL from $1,835 (55 Rentals)


Columbus Plaza

200 N Dearborn St, Unit 1503

200 N Dearborn St, Unit 1503

320 N. Michigan

200 N Dearborn St, Unit 04503

North Harbor Tower

Millennium Park Plaza

Total Monthly Price
188 N Wells St, Unit SI FL3-ID1240

Pittsfield Apartments
Genius Ideas and Studio Layout Tips That Maximize Every Square Inch
Transform your studio apartment layout and maximize storage. Get proven ideas from a 20-year property expert to make any small space stylish and functional.

235 W Van Buren St

300 N State St, Unit 04330

20 N State St, Unit 1139

168 W Randolph St

75 N Dearborn St

Century Tower

431 S Dearborn St, Unit 909

5 N Wabash Ave

450 E Waterside Dr, Unit 407

Total Monthly Price
188 N Wells St, Unit SI FL3-ID1239
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Create a productive work-from-home apartment setup, even in a small space or studio. Discover layout ideas, desk solutions, and organization tips that actually work.

400 E Randolph St, Unit 2402

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

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

360 N Canal St

222 N Columbus Dr, Unit 2806

Marina City

330 E Wacker Dr

Shoreham and Tides

375 E Wacker Dr, Unit 385 East Wacker
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

319 E Wacker Dr

212 W Washington St, Unit 1403

198 W Randolph St

83 E Wacker Pl

200 N Dearborn St

79 E Lake St

201 N West Shore Dr, Unit 806A

222 W Randolph St

Total Monthly Price
Lake and Wells

Total Monthly Price
225 N Columbus Dr, Unit SI FL23-ID1197
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

420 E Waterside Dr

201 N Westshore Dr

180 W. Adams

200 N. Dearborn St.

215 W Washington

Randolph Tower City Apartments

212 W Washington St

208 W Washington St

28 E Adams St
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
The Loop, Chicago, IL Local Guide

How much does it cost to rent an apartment in The Loop?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| The Loop Studio Apartments | $2,501 | $1,595 | $3,536 |
The Loop 1 Bedroom Apartments | $3,161 | $1,835 | $10,000+ |
| The Loop 2 Bedroom Apartments | $4,682 | $1,790 | $10,000+ |
| The Loop 3 Bedroom Apartments | $3,865 | $999 | $10,000+ |
| The Loop 4 Bedroom Apartments | $2,504 | $999 | $10,000+ |
Explore Chicago
Frequently Asked Questions about Cheap The Loop Apartments
What is a cheap apartment in The Loop?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in The Loop is under $2,372.
What is the price of a cheap apartment in The Loop?
The cheapest apartment in The Loop is 320 N. Michigan which is listed at $2,095, while the average apartment in The Loop costs $4,336.
What types of apartments are the cheapest in The 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 65 regular apartments in The 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 The Loop?
Cheap apartments in The Loop have an average cost of $845 which is $3,491 cheaper than the average rent for all rentals in The 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

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.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

