Luxury 1 bedroom apartments have sprung up in River North, Lakeshore East, West Loop, Loop, and Streeterville neighborhoods. This reflects a trend of new developments near downtown that cater to renters who value proximity to work more than bulk square footage. This accounts for some higher-than-average rent for one-bedroom apartments surrounding the Chicago Loop.
River North tops the list of most expensive neighborhoods in Chicago to rent one-bedroom apartments, with an average monthly rent of $2,600. The West Loop was second among the most costly Chicago neighborhoods for one-bedroom apartments, clocking in at $2,450 monthly average rent. And rounding out the top 3 most expensive neighborhoods for a one-bedroom for rent in Chicago was Old Town, where rent was $2,200 on average.
Traditionally affordable neighborhoods on Chicago's west, southwest, and far north sides have seen rising rents for one-bedroom apartments in recent years. These are neighborhoods like Pilsen, Lakeview, and Uptown. Many remain close to the citywide median rent for a one-bedroom apartment.
Domu's recent analysis of 1 bedroom apartments, the most affordable neighborhoods include the far north side neighborhoods of Rogers Park and West Ridge. Still, Lincoln Square and Bronzeville average around $1,100 per month for a one-bedroom apartment.
Explore one-bedroom apartments in Chicago neighborhoods or browse one-bedroom apartments around the Chicago suburbs.