Cheap Apartments for Rent in the West Loop Neighborhood of Chicago, IL from $1,100 (185 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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.

property at 360 W Illinois St

$2,200

Total Monthly Price

Total Monthly Price

Base Rent
$2,200

Total Monthly Price
$2,200

1 Bedroom, 1 Bath Condo for Rent

Available Now

360 W Illinois St

ChicagoIL60654
property at 1201 W Adams St

$2,200 - $4,550

Total Monthly Price

Total Monthly Price

Base Rent
$2,200 - $4,550

Total Monthly Price
$2,200 - $4,550

Studio To 2 Bedroom Condos for Rent

Available Now

1201 W Adams St

ChicagoIL60607
property at 125 S Green St

$2,250 - $4,400

Total Monthly Price

Total Monthly Price

Base Rent
$2,250 - $4,400

Total Monthly Price
$2,250 - $4,400

Studio To 2 Bedroom Condos for Rent

Available Now

125 S Green St

ChicagoIL60607

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

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

property at 1224 W Van Buren St

$2,250 - $5,103

Total Monthly Price

Total Monthly Price

Base Rent
$2,250 - $5,103

Total Monthly Price
$2,250 - $5,103

Studio To 2 Bedroom Condos for Rent

Available Now

1224 W Van Buren St

ChicagoIL60607

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.

property at 1043 W Madison St

$2,300

Total Monthly Price

Total Monthly Price

Base Rent
$2,300

Total Monthly Price
$2,300

Studio, 1 Bath Condo for Rent

Available Now

1043 W Madison St, Unit 27R, Unit 27R

1043 W Madison St
ChicagoIL60607
property at 950 W Erie St

$2,300

Total Monthly Price

Total Monthly Price

Base Rent
$2,300

Total Monthly Price
$2,300

1 Bedroom, 1 Bath Condo for Rent

Available Jun 1

950 W Erie St, Unit 403, Unit 403

950 W Erie St
ChicagoIL60642
property at 873 N Larrabee St

$2,300

Total Monthly Price

Total Monthly Price

Base Rent
$2,300

Total Monthly Price
$2,300

1 Bedroom, 1 Bath Condo for Rent

Available Now

873 N Larrabee St, Unit #507, Unit #507

873 N Larrabee St
ChicagoIL60610
property at 833 W Grand Ave

$2,315 - $3,535

Total Monthly Price

Total Monthly Price

Base Rent
$2,315 - $3,535

Total Monthly Price
$2,315 - $3,535

1 To 2 Bedroom Condos for Rent

Available Jun 1

833 W Grand Ave

ChicagoIL60642

Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible

Looking for a rental near Chicago? These five cities offer excellent options! From small-town charm to excellent business options, you can't go wrong!

West Loop, Chicago, IL Local Guide

Cheapest Available West Loop Apartments for Rent

 

The cheapest available apartment rental in the West Loop area of Chicago, IL is a 4 Beds unit found at The 808 Cleveland priced from $1,299. 768 W. Jackson has the second lowest priced unit, which is a Studio apartment currently listed from $1,425. Here are the most affordable West Loop apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
The 808 ClevelandD5 | leasing per bedroom4BR,3BA$1,299
768 W. JacksonStudioStudio,1BA$1,425
Presidential TowersSTUDIO SIXStudio,1BA$1,631
Nevele22 - 1122 W ChicagoStudio (ARO, 100%)Studio,1BA$1,949
Aberdeen CrossingTier 03 - StudioStudio,1BA$2,192
Gateway West LoopS1Studio,1BA$2,198
Hugo River North1B/1B1BR,1BA$2,271
Arthur on AberdeenS4Studio,1BA$2,299
180 North JeffersonConvertible: C4 - 07Studio,1BA$2,320
WesterlyStudio-e10aStudio,1BA$2,324

Best Value Apartments for Rent in West Loop, IL

As of May 22, 2026 the best value apartment in the West Loop area is the $1.76 price per square foot 1224 W Augusta Blvd Model at 1224 W Augusta Blvd, Unit 2 in the in the West Loop neighborhood starting from $4,495. The second greatest value West Loop apartment is the C2 Model at 945 W Fulton Market Apartments starting at $4,800 with a $2.12 price per square foot in the Printer's Row neighborhood. Here is today’s list of the best values for West Loop apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1224 W Augusta Blvd, Unit 21224 W Augusta Blvd2BR,2BA$1.76
945 W Fulton Market ApartmentsC23BR,2BA$2.12
Tailor LoftsVanBuren4BR,4BA$0.96
Verdant Apartments3BR/2.0BA3BR,2BA$2.96
Hugo River North1B/1B1BR,1BA$2.72
Reside on JacksonA31BR,1BA$3.38
Aberdeen East1 Bedroom (14)1BR,1BA$3.56
900 W Washington Blvd, Unit 32E900 W Washington Blvd1BR,1BA$3.57
Letterman ChicagoUnit 3081BR,1BA$3.19
Presidential TowersSTUDIO SIXStudio ,1BA$3.46

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.

Read Article
Decorative image

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

A Local Expert's Guide to The 10 Best Chicago Neighborhoods near Major Local Employers. Find your perfect Chicago, IL apartment, condo, or rental home today at ApartmentHomeLiving.com

Read Article
Decorative image

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

Read Article
Decorative image

Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

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.

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 $2,324.

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

The cheapest apartment in West Loop is Presidential Towers which is listed at $2,037, while the average apartment in West Loop costs $6,605.

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 98 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 $607 which is $5,998 cheaper than the average rent for all rentals in West Loop.

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

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago article

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.

decorative image for Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago article

Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

Written by: Nicole Harms

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.

decorative image for Best Neighborhoods to Rent in Near Chicago's Top Employers article

Best Neighborhoods to Rent in Near Chicago's Top Employers

Written by: Nicole Harms

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.

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

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

Written by: Nicole Harms

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.