Cheap Apartments for Rent in the West Loop Neighborhood of Chicago, IL from $1,000 (30 Rentals)

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

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R+D659
Studio to 3 Bedroom Apartments

R+D659

645-659 W Randolph StChicago, IL 60661
Furnished
  • Smoke Free
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111 S Peoria St
Studio to 3 Bedroom Apartments

111 S Peoria St

111 S Peoria StChicago, IL 60607
Furnished
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Luxury condo unit
Studio to 3 Bedroom Apartments

Luxury condo unit

333 N CanalChicago, IL 60606
Corporate Housing
  • Smoke Free
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Avenir
Studio to 2 Bedroom Apartments

Avenir

730 N Milwaukee AveChicago, IL 60642
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1039 Grand Ave
3 Bedroom Apartments

1039 Grand Ave

1039 W Grand AveChicago, IL 60642
  • Utilities Included
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Reside on Green Street
Studio to 2 Bedroom Apartments

Reside on Green Street

500 N Milwaukee AveChicago, IL 60642
  • Utilities Included
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713 Milwaukee
1 to 3 Bedroom Apartments

713 Milwaukee

713 N Milwaukee AveChicago, IL 60642
Showing Results 1-30, Page 1 of 1

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 Elm 551 at Parkside priced from $1,313. 768 W. Jackson has the second lowest priced unit, which is a Studio apartment currently listed from $1,395. Here are the most affordable West Loop apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Elm 551 at ParksideStudioStudio,1BA$1,313
768 W. JacksonStudioStudio,1BA$1,395
Presidential TowersSTUDIO NINEStudio,1BA$1,735
Next ApartmentsS3Studio,1BA$2,062
Hugo River NorthStudioStudio,1BA$2,110
Sage West LoopX04Studio,1BA$2,118
Hubbard PlaceS1Studio,1BA$2,205
Onni Fulton MarketPlan S3Studio,1BA$2,247

Best Value Apartments for Rent in West Loop, IL

As of August 02, 2025 the best value apartment in the West Loop area is the $1.95 price per square foot 613 N Racine Ave Model at 613 N Racine Ave, Unit 1 in the in the West Town neighborhood starting from $4,000. The second greatest value West Loop apartment is the 3BR/2.0BA Model at FultonHub starting at $4,170 with a $2.38 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 ListingModel NameBed/BathPrice Per Sq.Ft.
613 N Racine Ave, Unit 1613 N Racine Ave4BR,2BA$1.95
FultonHub3BR/2.0BA3BR,2BA$2.38
229 S Racine Ave, Unit 1229 S Racine Ave2BR,2BA$2.06
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
731 N Sangamon St, Unit 410731 N Sangamon St2BR,2BA$3.04
520 N May St, Unit 1520 N May St1BR,2BA$2.41
1058 W Chicago Ave, Unit #21058 W Chicago Ave2BR,1BA$2.89
1024 W Fry St, Unit CH11024 W Fry St1BR,1BA$2.57
Elm 551 at ParksideOne Bedroom1BR,1BA$2.67

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
West Loop, Chicago, IL

Ranked #16

Among cities in Illinois for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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.

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 $2,247.

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

The cheapest apartment in West Loop is Elm 551 at Parkside which is listed at $1,725, while the average apartment in West Loop costs $5,761.

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 7 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 $707 which is $5,054 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.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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

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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.