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Chicago neighborhoods to explore for apartments?

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In my continuing series of interviews in hopefully fun cities, I'm writing to ask if people have any leads or tips that a young professional who might be moving to Chicago should explore? If I get the position, I'd be working at Northwestern Medical Center, right off of Michigan Avenue. I know that this area, the Loop, etc. are all rather fashionable, but this also means that it may be out of my price range (ideally 1000 to 1200 a month for a small studio). Are there other neighborhoods I should explore while I'm visiting that are convenient to here from the El but might be more affordable?

Thanks!

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