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from $1,313Studio to 2 Bedroom Apartments Available Now
Elm 551 at Parkside
551 W Elm StChicago, IL 60610
Cheap Apartments for Rent in the West Loop Neighborhood of Chicago, IL from $1,000 (24 Rentals)
Search the lowest-cost Apartments available for rent right now in the West Loop area of Chicago.
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from $1,6291 to 2 Bedroom Apartments Available Now
Larrabee Place at Parkside of Old Town
545 W Division StChicago, IL 60610
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Rent Specials
from $1,630Studio to 2 Bedroom Apartments Available Now
Presidential Towers
555 W Madison StChicago, IL 60661
830 N Milwaukee Ave
ChicagoIL60642
330 N Jefferson St
ChicagoIL60661
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from $1,9301 Bedroom Apartments Available Jan 15, 2026
740 N Aberdeen St
740 N Aberdeen StChicago, IL 60642
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.
620 W Kinzie St
ChicagoIL60654
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from $1,950Studio to 1 Bedroom Apartments Available Jun 10
River West Lofts
925 W Huron StChicago, IL 60642
353 N Clinton St
ChicagoIL60661
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from $1,985Studio to 2 Bedroom Apartments Available Now
Seven 10 West
710 W Grand AveChicago, IL 60654
330 N Clinton St
ChicagoIL60661
1043 W Van Buren St
ChicagoIL60607
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.
197 N Aberdeen St
ChicagoIL60607
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from $2,0001 Bedroom Apartment Available Jun 15
1119 W Grand Ave, Unit 2R
1119 W Grand AveChicago, IL 60642
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from $2,000Studio to 3 Bedroom Apartments Available Now
One Six Six
166 N Aberdeen StChicago, IL 60607
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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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Showing Results 1-24, Page 1 of 1
West Loop, Chicago, IL Local Guide
Overview by By Andrew Jameson (Own work) [CC BY-SA 3.0 (http:/ is licensed under Internal
How much does it cost to rent an apartment in West Loop?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| West Loop Studio Apartments | $2,984 | $1,313 | $10,000+ |
| West Loop 1 Bedroom Apartments | $3,695 | $1,710 | $10,000+ |
| West Loop 2 Bedroom Apartments | $5,435 | $1,470 | $10,000+ |
| West Loop 3 Bedroom Apartments | $8,735 | $1,075 | $10,000+ |
| West Loop 4 Bedroom Apartments | $10,849 | $1,109 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 24 rentals with your search options within a 2 mile radius of the West Loop Neighborhood of Chicago, IL.
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West Loop, Chicago, IL Local Guide
- Nearby Chicago neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available West Loop Apartments for Rent
The cheapest available apartment rental in the West Loop area of Chicago, IL is a 3 Beds unit found at Letterman Chicago priced from $1,075. Elm 551 at Parkside has the second lowest priced unit, which is a Studio apartment currently listed from $1,313. Here are the most affordable West Loop apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Letterman Chicago | Mac - 3x2 | 3BR,2BA | $1,075 |
| Elm 551 at Parkside | Studio | Studio,1BA | $1,313 |
| 768 W. Jackson | Studio | Studio,1BA | $1,395 |
| Larrabee Place at Parkside of Old Town | 1 Bedroom | 1BR,1BA | $1,629 |
| Presidential Towers | STUDIO SIX | Studio,1BA | $1,630 |
Best Value Apartments for Rent in West Loop, IL
As of June 06, 2025 the best value apartment in the West Loop area is the $2.20 price per square foot B5 Model at 945 W Fulton Market Apartments in the in the Printer's Row neighborhood starting from $4,770. The second greatest value West Loop apartment is the 650 N Morgan St Model at 650 N Morgan St starting at $5,200 with a $2.43 price per square foot in the Parc Chesnut neighborhood. Here is today’s list of the best values for West Loop apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 945 W Fulton Market Apartments | B5 | 2BR,2BA | $2.20 |
| 650 N Morgan St | 650 N Morgan St | 4BR,2BA | $2.43 |
| 613 N Racine Ave, Unit 1 | 613 N Racine Ave | 4BR,2BA | $1.93 |
| 229 S Racine Ave, Unit 1 | 229 S Racine Ave | 2BR,2BA | $2.06 |
| 520 N May St, Unit 1 | 520 N May St | 1BR,2BA | $2.41 |
| Terrace 459 | Two Bed/Two Bath | 2BR,2BA | $1.96 |
| Letterman Chicago | Betty - 3x2 | 3BR,2BA | $1.26 |
| TRIO Apartments | One Bedroom 2A2 | 1BR,1.5BA | $3.00 |
| Larrabee Place at Parkside of Old Town | 1 Bedroom | 1BR,1BA | $2.28 |
| Elm 551 at Parkside | One Bedroom | 1BR,1BA | $2.67 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleWest Loop, Chicago, IL
Ranked #15
Among neighborhoods in Chicago, IL for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Lifestyle Ratings
ApartmentHomeLiving brings you Lifestyle Ratings of neighborhoods, metropolitan areas, and rental properties across Illinois, including Chicago. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including filtering automatically for convenient access to the outdoors, luxury housing options, pet-friendly features, family-friendly amenities, proximity to transit, and much more. These search options are in the site filters at the top of this page.
Getting Around the West Loop Neighborhood in Chicago, IL
Walk Score®
95 / 100
Walker’s Paradise
Daily errands do not require a car
Bike Score®
91 / 100
Biker's Paradise
Daily errands can be accomplished on a bike
Transit Score®
85 / 100
Excellent Transit
Transit is convenient for most trips
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap West Loop Apartments
What is a cheap apartment in West Loop?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in West Loop is under $2,179.
What is the price of a cheap apartment in West Loop?
The cheapest apartment in West Loop is Larrabee Place at Parkside of Old Town which is listed at $1,629, while the average apartment in West Loop costs $29,990.
What types of apartments are the cheapest in West Loop?
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 11 regular apartments in West Loop 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 West Loop?
Cheap apartments in West Loop have an average cost of $301 which is $29,689 cheaper than the average rent for all rentals in West Loop.
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.
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.
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.
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.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.