Cheap Homes for Rent in West Loop Neighborhood of Chicago, IL from $1,700 (106 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Read Article
property at 1101 W Jackson Blvd

$2,180 - $2,800

Total Monthly Price

Total Monthly Price

Base Rent
$2,180 - $2,800
Total Monthly Price
$2,180 - $2,800

Studio To 1 Bedroom Condos for Rent

Available Now

1101 W Jackson Blvd

ChicagoIL60607
property at 360 W Illinois St

$2,200

Total Monthly Price

Total Monthly Price

Base Rent
$2,200
Total Monthly Price
$2,200

1 Bedroom, 1 Bath Condo for Rent

Available Now

360 W Illinois St

ChicagoIL60654

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.

Read Article
property at 125 S Green St

$2,250 - $4,400

Studio To 2 Bedroom Condos for Rent

Available Now

125 S Green St

ChicagoIL60607
property at 1224 W Van Buren St

$2,250 - $5,103

Total Monthly Price

Total Monthly Price

Base Rent
$2,250 - $5,103
Total Monthly Price
$2,250 - $5,103

Studio To 2 Bedroom Condos for Rent

Available Now

1224 W Van Buren St

ChicagoIL60607

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.

Read Article
property at 833 W Grand Ave

$2,315 - $3,535

Total Monthly Price

Total Monthly Price

Base Rent
$2,315 - $3,535
Total Monthly Price
$2,315 - $3,535

1 To 2 Bedroom Condos for Rent

Available Jun 1

833 W Grand Ave

ChicagoIL60642
property at 842 W Grand Ave

$2,315 - $3,545

Total Monthly Price

Total Monthly Price

Base Rent
$2,315 - $3,545
Total Monthly Price
$2,315 - $3,545

1 To 2 Bedroom Condos for Rent

Available Jun 1

842 W Grand Ave

ChicagoIL60642

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.

Read Article
property at 827 N Milwaukee Ave

$2,376 - $3,757

Total Monthly Price

Total Monthly Price

Base Rent
$2,376 - $3,757
Total Monthly Price
$2,376 - $3,757

1 To 3 Bedroom Condos for Rent

Available Now

827 N Milwaukee Ave

ChicagoIL60642

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!

Read Article
Showing Results 1-50, Page 1 of 3

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 $1,425. Presidential Towers has the second lowest priced unit, which is a Studio apartment currently listed from $1,738. Here are the most affordable West Loop apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
768 W. JacksonStudioStudio,1BA$1,425
Presidential TowersSTUDIO SIXStudio,1BA$1,738
The Elizabeth Chicago12 - Studio/1bathStudio,1BA$2,075
Reside on Green StreetS6 - 504Studio,1BA$2,096
K2 ApartmentsUnit 07Studio,1BA$2,122
Seven 10 West213 (RELET)Studio,1BA$2,175
Aberdeen CrossingTier 03 - StudioStudio,1BA$2,192
The JaxJ1 Studio, TerraceStudio,1BA$2,195
AltaEast 03Studio,1BA$2,225

Best Value Apartments for Rent in West Loop, IL

As of April 24, 2026 the best value apartment in the West Loop area is the $1.80 price per square foot 1224 W Augusta Blvd Model at 1224 W Augusta Blvd, Unit 4 in the in the West Loop neighborhood starting from $4,495. The second greatest value West Loop apartment is the 1002 W Lake St Model at 1002 W Lake St, Unit 2 starting at $6,900 with a $3.14 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.
1224 W Augusta Blvd, Unit 41224 W Augusta Blvd2BR,2BA$1.80
1002 W Lake St, Unit 21002 W Lake St4BR,2BA$3.14
1008 W Lake St, Unit 21008 W Lake St1BR,1.5BA$2.67
24 S Morgan ApartmentsB32BR,2BA$3.31
636 W Oak St, Unit A02C636 W Oak St2BR,1BA$3.18
Verdant Apartments2BR/2.0BA2BR,2BA$3.19
Hugo River North1B/1B1BR,1BA$2.92
1201 W Adams St, Unit 8071201 W Adams St1BR,1BA$3.00
900 W Washington Blvd, Unit 32E900 W Washington Blvd1BR,1BA$3.14
Letterman ChicagoUnit 3081BR,1BA$3.19

Frequently Asked Questions about West Loop

What type of rentals are currently available in West Loop?

There are currently 358 Apartments for Rent in West Loop, IL with pricing that ranges from $1,179 to $48,409. There are also 380 Single Family Homes for rent, Condos, and Townhome rentals currently available in West Loop ranging from $1,799 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 $1,799 to $20,000 with an average monthly rent of $7,330.

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 $3,999 to $38,481, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,695 to $7,500. Four Bedroom Single-Family rentals are also available starting from $9,500 and Four Bedroom Apartments start at $1,179.

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

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago article

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.

decorative image for Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago article

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.

decorative image for Best Neighborhoods to Rent in Near Chicago's Top Employers article

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.

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

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

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.