Cheap Apartments for Rent in the West Loop Neighborhood of Chicago, IL from $1,230 (233 Rentals)

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

property at 1220 W Carroll Ave

$1,925 - $4,115

Total Monthly Price

Total Monthly Price

Base Rent
$1,925 - $4,115
Total Monthly Price
$1,925 - $4,115

Studio To 2 Bedroom Condos for Rent

Available Now

1220 W Carroll Ave

ChicagoIL60607
property at 641 W Grand Ave

$1,960

Total Monthly Price

Total Monthly Price

Base Rent
$1,960
Total Monthly Price
$1,960

Studio, 1 Bath Condo for Rent

Available Now

641 W Grand Ave, Unit S

641 W Grand Ave
ChicagoIL60654

The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago

Chicago may cost more than the national average, but with the right neighborhood, a smart transit strategy, and a few local insider tips, living well in the Windy City is more achievable than you might think. Our local expert breaks down everything from rent and groceries to transportation and healthcare so you can plan your move with confidence.

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Rent According to Income: A Look at Income-Restricted Rentals

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property at 1043 W Madison St

$2,100

Total Monthly Price

Total Monthly Price

Base Rent
$2,100
Total Monthly Price
$2,100

Studio, 1 Bath Condo for Rent

Available Now

1043 W Madison St, Unit 27R

1043 W Madison St
ChicagoIL60607

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!

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One Six Six
$2,121 - $3,744
Total Monthly Price

Total Monthly Price

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$2,121 - $3,744
Total Monthly Price
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Studio to 3 Bedroom Apartments Available Now

One Six Six

166 N Aberdeen StChicago, IL 60607
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Chicago Relocation 101: Mastering Utilities, Registration, and the CTA

Moving to Chicago? This essential relocation guide offers a complete checklist for new residents, covering finding the right neighborhood, setting up utilities (ComEd, People’s Gas), and mastering high-rise moving logistics and vehicle registration.

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property at 1201 W Adams St

$2,160 - $4,450

Total Monthly Price

Total Monthly Price

Base Rent
$2,160 - $4,450
Total Monthly Price
$2,160 - $4,450

Studio To 2 Bedroom Condos for Rent

Available Aug 29

1201 W Adams St

ChicagoIL60607
property at 660 W Grand Ave

$2,195

Total Monthly Price

Total Monthly Price

Base Rent
$2,195
Total Monthly Price
$2,195

1 Bedroom, 1 Bath Condo for Rent

Available Sep 1

660 W Grand Ave, Unit 2W

660 W Grand Ave
ChicagoIL60654

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Showing Results 1-50, Page 1 of 5

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 Studio unit found at 768 W. Jackson priced from $1,635. Presidential Towers has the second lowest priced unit, which is a Studio apartment currently listed from $1,991. Here are the most affordable West Loop apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
768 W. JacksonStudioStudio,1BA$1,635
Presidential TowersSTUDIO SEVENStudio,1BA$1,991
Gateway West LoopE1Studio,1BA$2,038
K2 ApartmentsUnit 07Studio,1BA$2,052
CoppiaS1Studio,1BA$2,077
AltaWest 09 & 10Studio,1BA$2,189
The Avra West LoopA101BR,1BA$2,195
Aberdeen Crossing06 Tier1BR,1BA$2,245
Arthur on AberdeenS1Studio,1BA$2,287

Best Value Apartments for Rent in West Loop, IL

As of August 22, 2026 the best value apartment in the West Loop area is the $2.27 price per square foot 1020 N Crosby St Model at 1020 N Crosby St, Unit J08P in the in the Parc Chesnut neighborhood starting from $5,000. The second greatest value West Loop apartment is the 613 N Racine Ave Model at 613 N Racine Ave, Unit 1 starting at $4,000 with a $1.95 price per square foot in the West Town 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.
1020 N Crosby St, Unit J08P1020 N Crosby St2BR,2.5BA$2.27
613 N Racine Ave, Unit 1613 N Racine Ave4BR,2BA$1.95
FultonHub3BR/2.0BA3BR,2BA$2.57
519 N May St, Unit Apt. 4 - Coach House519 N May St2BR,2.5BA$2.13
Reside on JacksonB222BR,2BA$3.38
Mondial River WestA3 - 1 Bed1BR,1BA$3.66
Tailor Lofts Student LivingWashington2BR,2BA$2.00
Aberdeen East1 Bedroom (14)1BR,1BA$3.56
900 W Washington Blvd, Unit 32E900 W Washington Blvd1BR,1BA$3.57
Presidential TowersSTUDIO SEVENStudio ,1BA$3.49

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.

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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

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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

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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.

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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.

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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 $2,287.

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

The cheapest apartment in West Loop is Presidential Towers which is listed at $1,993, while the average apartment in West Loop costs $3,046.

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 79 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 $602 which is $2,444 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.

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