Cheap Homes for Rent in West Loop Neighborhood of Chicago, IL from $1,700 (154 Rentals)

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

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.

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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.

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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.

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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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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 $1,295. 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 ListingModel NameBed/BathPriced From
768 W. JacksonStudioStudio,1BA$1,295
Elm 551 at ParksideStudioStudio,1BA$1,313
Presidential TowersSTUDIO SIXStudio,1BA$1,770
River West Lofts#117Studio,1BA$1,950
The JaxJ1 Studio, TerraceStudio,1BA$1,999
Hugo River NorthStudioStudio,1BA$2,110
The Madison at RacinePlan C3Studio,1BA$2,181
Next ApartmentsS3Studio,1BA$2,225
Hubbard PlaceS1Studio,1BA$2,235

Best Value Apartments for Rent in West Loop, IL

As of August 17, 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 $4,486 with a $2.79 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$2.79
229 S Racine Ave, Unit 1229 S Racine Ave2BR,2BA$2.06
521 N Racine Ave, Unit 1521 N Racine Ave2BR,2BA$2.14
650 W Wayman St, Unit 106C650 W Wayman St1BR,1BA$2.17
520 N May St, Unit 1520 N May St1BR,2BA$2.41
731 N Sangamon St, Unit 410731 N Sangamon St2BR,2BA$3.04
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

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.

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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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Frequently Asked Questions about West Loop

What type of rentals are currently available in West Loop?

There are currently 373 Apartments for Rent in West Loop, IL with pricing that ranges from $1,040 to $77,776. There are also 475 Single Family Homes for rent, Condos, and Townhome rentals currently available in West Loop ranging from $1,795 to $22,000.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in West Loop ranges from $1,795 to $22,000 with an average monthly rent of $9,337.

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

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.