Cheap Homes for Rent in Library Tower Neighborhood of Chicago, IL from $1,600 (215 Rentals)

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

property at 40 E 9th St

$1,600 - $2,000

Studio To 1 Bedroom Rentals

Available Now

40 E 9th St

ChicagoIL60605

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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property at 871 S Clark St

$1,919

Studio, 1 Bath Rentals

Available Now

871 S Clark St

ChicagoIL60605
property at 117 N Clark St

$1,967

1 Bedroom, 1 Bath Rentals

Available Now

117 N Clark St

ChicagoIL60602
property at 400 E Randolph St

$1,995 - $4,000

Studio To 2 Bedroom Rentals

Available Now

400 E Randolph St

ChicagoIL60601

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

Learn about the best things about living in Chicago from a local in the Insiders Guide to Renting in Chicago. Find your perfect Chicago apartment today!

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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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 $1,455. Presidential Towers has the second lowest priced unit, which is a Studio apartment currently listed from $1,595. Here are the most affordable Library Tower apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
768 W. JacksonStudioStudio,1BA$1,455
Presidential TowersSTUDIO SIXStudio,1BA$1,595
30 East RooseveltER_1x11BR,1BA$1,750
MDA ApartmentsS3N - ModernStudio,1BA$1,790
North Harbor TowerS1 & S2Studio,1BA$1,810
820 Michigan by 3L LivingStudio EastStudio,1BA$1,814
CoevalS1.LStudio,1BA$1,825
Park Michigan - 1212 S Michigan AveStudio 1ba 03Studio,1BA$1,933
AMLI 900ClassicStudio,1BA$1,934
Millennium Park PlazaStudioStudio,1BA$1,975

Best Value Apartments for Rent in Library Tower, IL

As of February 04, 2026 the best value apartment in the Library Tower area is the $2.50 price per square foot 839 W 14th Pl Model at 839 W 14th Pl, Unit 1 in the in the Printer's Row neighborhood starting from $5,000. The second greatest value Library Tower apartment is the 1464 S MICHIGAN Model at 1464 S MICHIGAN, Unit 1507 starting at $2,750 with a $1.96 price per square foot in the Near South Side 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.
839 W 14th Pl, Unit 1839 W 14th Pl3BR,2.5BA$2.50
1464 S MICHIGAN, Unit 15071464 S MICHIGAN2BR,2BA$1.96
821 W Van Buren St, Unit 2821 W Van Buren St2BR,1BA$2.18
195 N Harbor Dr, Unit 4604195 N Harbor Dr2BR,2BA$3.02
333 E Wacker Dr, Unit 17333 E Wacker Dr2BR,2BA$2.83
731 Plymouth by 3L Living2 Bedroom East2BR,1BA$2.17
680 S Federal St, Unit Apt 808680 S Federal St1BR,1BA$2.25
777 South StateTwo Bedroom One Bathroom2BR,1BA$2.72
Student | The Flats East West3x23BR,2BA$1.23
Fisher Building ApartmentsA41BR,1BA$2.88

Frequently Asked Questions about Library Tower

What type of rentals are currently available in Library Tower?

There are currently 291 Apartments for Rent in Library Tower, IL with pricing that ranges from $1,359 to $32,022. There are also 539 Single Family Homes for rent, Condos, and Townhome rentals currently available in Library Tower ranging from $1,750 to $23,000.

What is the current price range for Rental Homes in Library Tower?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Library Tower ranges from $1,750 to $23,000 with an average monthly rent of $5,386.

How much are larger Three and Four Bedroom Rentals in Library Tower?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Library Tower range from $1,359 to $32,022, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,361 to $23,000. Four Bedroom Single-Family rentals are also available starting from $8,250 and Four Bedroom Apartments start at $1,359.

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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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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Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

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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.

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Best Neighborhoods to Rent in Near Chicago's Top Employers

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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.

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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

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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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.