Cheap Homes for Rent in River West Neighborhood of Chicago, IL from $700 (47 Rentals)

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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

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

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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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 Atrium at Old Town Park priced from $1,308. Maple has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,313. Here are the most affordable River West apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Atrium at Old Town Park1 Bedroom1BR,1BA$1,308
Maple1 Bedroom 1 Bathroom1BR,1BA$1,313
Elm 551 at ParksideStudioStudio,1BA$1,313
Post Chicago Apartments4 Bed 3 Bath4BR,3BA$1,354
1100 North LasalleStudioStudio,1BA$1,390
1522 N La Salle DrStudioStudio,1BA$1,600
The Oliver on LaSalleStudio + DenStudio,1BA$1,700
1000 N. LaSalleStudioStudio,1BA$1,823

Best Value Apartments for Rent in River West, IL

As of July 30, 2025 the best value apartment in the River West area is the $1.77 price per square foot 1465 W Cortez St Model at 1465 W Cortez St, Unit 1n in the in the Noble Square neighborhood starting from $3,895. 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.
1465 W Cortez St, Unit 1n1465 W Cortez St4BR,3BA$1.77
1349 N Noble St, Unit 31349 N Noble St3BR,2.5BA$1.98
613 N Racine Ave, Unit 1613 N Racine Ave4BR,2BA$1.95
858 N Paulina St, Unit 1858 N Paulina St2BR,2BA$1.83
1221 N. LaSalle LoftsStoreFrontStudio ,2BA$2.00
1465 W Cortez St, Unit 2N1465 W Cortez St3BR,2BA$2.11
521 N Racine Ave, Unit 1521 N Racine Ave2BR,2BA$2.14
The 808 ClevelandPrivate Bedroom in Shared 4 Bed 3 Bath4BR,3BA$1.08
1407 W Erie St, Unit A05C1407 W Erie St3BR,1BA$2.13
Post Chicago Apartments3 Bed 2 Bath3BR,2BA$1.43

Quick Rent Budget Calculator

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Frequently Asked Questions about River West

What type of rentals are currently available in River West?

There are currently 939 Apartments for Rent in River West, IL with pricing that ranges from $1,195 to $77,776. There are also 702 Single Family Homes for rent, Condos, and Townhome rentals currently available in River West ranging from $780 to $22,000.

What is the current price range for Rental Homes in River West?

Today's rental pricing for Homes for Rent, Condos and Townhomes in River West ranges from $780 to $22,000 with an average monthly rent of $7,590.

How much are larger Three and Four Bedroom Rentals in River West?

For those who are looking for larger living arrangements, Three Bedroom Apartments in River West range from $1,500 to $38,481, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $15,000. Four Bedroom Single-Family rentals are also available starting from $3,900 and Four Bedroom Apartments start at $1,354.

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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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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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.