Cheap Apartments for Rent in the Library Tower Neighborhood of Chicago, IL from $900 (67 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Library Tower area of Chicago.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago

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Library Tower, Chicago, IL Local Guide

Cheapest Available Library Tower Apartments for Rent

 

The cheapest available apartment rental in the Library Tower area of Chicago, IL is a Studio unit found at 768 W. Jackson priced from $1,425. Pittsfield Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,495. Here are the most affordable Library Tower apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
768 W. JacksonStudioStudio,1BA$1,425
Pittsfield ApartmentsStudio - Style HStudio,1BA$1,495
Presidential TowersSTUDIO NINEStudio,1BA$1,575
Park Michigan - 1212 S Michigan AveStudio 1ba 07Studio,1BA$1,722
30 East RooseveltER_1x11BR,1BA$1,750
777 South StateConvertible StudioStudio,1BA$1,755
Eleven40S1Studio,1BA$1,784
Century TowerStudio 06Studio,1BA$1,785
1407 on MichiganS5Studio,1BA$1,858

Best Value Apartments for Rent in Library Tower, IL

As of December 06, 2025 the best value apartment in the Library Tower area is the $2.52 price per square foot 187 N Westshore Dr Model at 187 N Westshore Dr in the in the Magnificent Mile neighborhood starting from $4,500. The second greatest value Library Tower apartment is the 821 W Van Buren St Model at 821 W Van Buren St, Unit 2 starting at $3,184 with a $2.27 price per square foot in the Printer's Row neighborhood. Here is today’s list of the best values for Library Tower apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
187 N Westshore Dr187 N Westshore Dr3BR,2.5BA$2.52
821 W Van Buren St, Unit 2821 W Van Buren St2BR,1BA$2.27
Columbus Plaza2 Bedroom2BR,2BA$2.60
Wells Place Apartments2 Bed 2 Bath B12BR,2BA$2.71
731 Plymouth by 3L Living2 Bedroom West2BR,1BA$2.18
680 S Federal St, Unit Apt 808680 S Federal St1BR,1BA$2.25
50 W Randolph St, Unit 90550 W Randolph St1BR,1BA$2.64
Millennium Park Plaza1 Bedroom/ 1 Bathroom1BR,1BA$2.73
The Regal Apartments1 Bedroom Loft Floor Plan A11BR,1BA$2.83
150 N Dearborn St, Unit 107150 N Dearborn St1BR,1BA$2.83

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Best Neighborhoods to Rent in Near Chicago's Top Employers: A Guide for Renters

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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A Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Chicago, IL metro area for affordable living. Find your perfect Chicago Student apartment, condo, or rental home today at ApartmentHomeliving.com

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Library Tower, Chicago, IL

Ranked #16

Among cities in Illinois for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

Our team of engineers and researchers works hard to bring you comprehensive Lifestyle Ratings of rentals in cities across the United States, including Chicago. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including searching for the best amenities, and the best proximity to parks and outdoor amenities, kid and pet-friendly communities, availability of transit options, and other valuable search options. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Library Tower Apartments

What is a cheap apartment in Library Tower?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Library Tower is under $1,858.

What is the price of a cheap apartment in Library Tower?

The cheapest apartment in Library Tower is 30 East Roosevelt which is listed at $1,750, while the average apartment in Library Tower costs $31,572.

What types of apartments are the cheapest in Library Tower?

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 56 regular apartments in Library Tower 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 Library Tower?

Cheap apartments in Library Tower have an average cost of $171 which is $31,401 cheaper than the average rent for all rentals in Library Tower.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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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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.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!