Cheap Apartments for Rent in the River West Neighborhood of Chicago, IL from $700 (111 Rentals)

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

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Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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property at 111 W Maple St

111 W Maple St

ChicagoIL60610

Chicago's Best Affordable Neighborhoods

Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms

River West, Chicago, IL Local Guide

Cheapest Available River West Apartments for Rent

 

The cheapest available apartment rental in the River West area of Chicago, IL is a 1 Bed unit found at Maple priced from $1,230. Post Chicago Apartments has the second lowest priced unit, which is a 4 Beds apartment currently listed from $1,234. Here are the most affordable River West apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Maple1 Bedroom 1 Bathroom1BR,1BA$1,230
Post Chicago Apartments4 Bed 3 Bath4BR,3BA$1,234
Elm 551 at ParksideStudioStudio,1BA$1,313
1162 - 1168 N La Salle Blvd1 Bed 1 Bath1BR,1BA$1,375
1100 North LasalleStudioStudio,1BA$1,390
SoNu DigsSX1.6Studio,1BA$1,445
871 N FranklinB022BR,2BA$1,525
Atrium at Old Town ParkStudio AStudio,1BA$1,540

Best Value Apartments for Rent in River West, IL

As of June 20, 2025 the best value apartment in the River West area is the $0.40 price per square foot 1244 W Huron St Model at 1244 W Huron St, Unit # 01 in the in the West Town neighborhood starting from $3,995. The second greatest value River West apartment is the 1349 N Noble St Model at 1349 N Noble St, Unit 3 starting at $4,150 with a $1.98 price per square foot in the Noble Square neighborhood. Here is today’s list of the best values for River West apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1244 W Huron St, Unit # 011244 W Huron St3BR,2BA$0.40
1349 N Noble St, Unit 31349 N Noble St3BR,2.5BA$1.98
613 N Racine Ave, Unit 1613 N Racine Ave4BR,2BA$1.93
858 N Paulina St, Unit 1858 N Paulina St2BR,2BA$1.83
1221 N. LaSalle LoftsStoreFrontStudio ,2BA$2.00
1445 W Cortez St, Unit J08P1445 W Cortez St3BR,2BA$1.89
Post Chicago Apartments4 Bed 3 Bath4BR,3BA$0.96
Terrace 459Two Bed/Two Bath2BR,2BA$1.96
Affinity of North Avenue2bdmktrn2BR,2BA$2.02
1342 W Huron St, Unit 2F1342 W Huron St1BR,1BA$1.53

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Pet Friendly Lifestyle
River West, Chicago, IL

Ranked #4

Among neighborhoods in Chicago, IL for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

This website compares millions of points of data to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, and customized analysis for Chicago, Illinois. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including searching for the best amenities, and the best proximity to parks and outdoor amenities, transit availability, pet-friendly communities, apartment communities for the kids, in addition to floorplans, availablity, and pricing. These search options are in the site filters at the top of this page.

Getting Around the River West Neighborhood in Chicago, IL

Walk Score®

93 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

94 / 100

Biker's Paradise

Daily errands can be accomplished on a bike

Transit Score®

75 / 100

Excellent Transit

Transit is convenient for most trips

Frequently Asked Questions about Cheap River West Apartments

What is a cheap apartment in River West?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in River West is under $1,540.

What is the price of a cheap apartment in River West?

The cheapest apartment in River West is Maple which is listed at $1,230, while the average apartment in River West costs $5,100.

What types of apartments are the cheapest in River West?

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 53 regular apartments in River West 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 River West?

Cheap apartments in River West have an average cost of $1,198 which is $3,902 cheaper than the average rent for all rentals in River West.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.