Cheap Homes for Rent in West Loop Neighborhood of Chicago, IL from $1,700 (127 Rentals)

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

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.

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

Learn about the best things about living in Chicago from a local in the Insiders Guide to Renting in Chicago. Find your perfect Chicago apartment today!

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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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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 $1,425. 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$1,425
Presidential TowersSTUDIO SIXStudio,1BA$1,590
AltaWest 09 & 10Studio,1BA$1,962
Seven 10 West412 (RELET)Studio,1BA$2,015
Inspire West Townx07 Studio - 1 BathStudio,1BA$2,030
The JaxJ1 Studio, TerraceStudio,1BA$2,058
Luxe on MadisonS1Studio,1BA$2,087
Arkadia West LoopStudio-09Studio,1BA$2,135

Best Value Apartments for Rent in West Loop, IL

As of December 08, 2025 the best value apartment in the West Loop area is the $1.85 price per square foot 724 N Willard Ct Model at 724 N Willard Ct, Unit 2 in the in the West Town neighborhood starting from $3,895. The second greatest value West Loop apartment is the 1008 W Lake St Model at 1008 W Lake St, Unit 2 starting at $5,600 with a $2.67 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.
724 N Willard Ct, Unit 2724 N Willard Ct3BR,2.5BA$1.85
1008 W Lake St, Unit 21008 W Lake St1BR,1.5BA$2.67
724 N Willard Ct, Unit G05C724 N Willard Ct3BR,2.5BA$1.85
FultonHub3BR/2.0BA3BR,2BA$2.48
229 S Racine Ave, Unit 1229 S Racine Ave2BR,2BA$2.06
229 S Racine Ave, Unit 1229 S Racine Ave3BR,2BA$1.75
942 N Elston Ave, Unit 2R942 N Elston Ave2BR,2BA$1.84
110 N Peoria St, Unit A01C110 N Peoria St1BR,1BA$2.18
942 N Elston Ave, Unit 2R942 N Elston Ave2BR,2BA$2.14
452 N Racine Ave, Unit 1236-3n452 N Racine Ave1BR,1.5BA$2.55

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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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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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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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 #18

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 376 Apartments for Rent in West Loop, IL with pricing that ranges from $1,040 to $77,776. There are also 414 Single Family Homes for rent, Condos, and Townhome rentals currently available in West Loop ranging from $1,799 to $16,000.

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 $1,799 to $16,000 with an average monthly rent of $4,306.

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 $1,085 to $38,481, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,695 to $16,000. Four Bedroom Single-Family rentals are also available starting from $4,000 and Four Bedroom Apartments start at $1,040.

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

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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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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.

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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.

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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

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.