Cheap Homes for Rent in West Loop Neighborhood of Chicago, IL from $1,800 (140 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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property at 506 N Green St

506 N Green St

ChicagoIL60642

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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Navigating the Rental Market: Tips for First-Time Renters

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Chicago's Best Affordable Neighborhoods

Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms

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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 4 Beds unit found at Letterman Chicago priced from $1,060. 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
Letterman ChicagoPayton - 4x24BR,2BA$1,060
Elm 551 at ParksideStudioStudio,1BA$1,313
768 W. JacksonStudioStudio,1BA$1,415
Larrabee Place at Parkside of Old Town1 Bedroom1BR,1BA$1,629
Presidential TowersSTUDIO NINEStudio,1BA$1,655
River West Lofts#117Studio,1BA$1,950
K2 ApartmentsUnit 13Studio,1BA$2,072
Hubbard PlaceS1Studio,1BA$2,105
Hugo River NorthStudioStudio,1BA$2,110

Best Value Apartments for Rent in West Loop, IL

As of June 24, 2025 the best value apartment in the West Loop area is the $1.93 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 $3,950. The second greatest value West Loop apartment is the 229 S Racine Ave Model at 229 S Racine Ave, Unit 1 starting at $3,295 with a $2.06 price per square foot in the West Loop 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$1.93
229 S Racine Ave, Unit 1229 S Racine Ave2BR,2BA$2.06
520 N May St, Unit 1520 N May St1BR,2BA$2.41
731 N Sangamon St, Unit 410731 N Sangamon St2BR,2BA$3.04
Terrace 459Two Bed/Two Bath2BR,2BA$1.96
1241 W Jackson Blvd, Unit 21241 W Jackson Blvd2BR,2BA$3.10
Letterman ChicagoBetty - 3x23BR,2BA$1.33
TRIO ApartmentsOne Bedroom 2A21BR,1.5BA$2.85
Larrabee Place at Parkside of Old Town1 Bedroom1BR,1BA$2.28
Elm 551 at ParksideOne Bedroom1BR,1BA$2.67

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Frequently Asked Questions about West Loop

What type of rentals are currently available in West Loop?

There are currently 376 Apartments for Rent in West Loop, IL with pricing that ranges from $1,040 to $77,776. There are also 484 Single Family Homes for rent, Condos, and Townhome rentals currently available in West Loop ranging from $1,800 to $20,000.

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 $1,800 to $20,000 with an average monthly rent of $7,893.

How much are larger Three and Four Bedroom Rentals in West Loop?

For those who are looking for larger living arrangements, Three Bedroom Apartments in West Loop range from $1,075 to $38,481, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,100 to $20,000. Four Bedroom Single-Family rentals are also available starting from $4,350 and Four Bedroom Apartments start at $1,040.

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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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.

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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.

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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.