Cheap Homes for Rent in West Loop Neighborhood of Chicago, IL from $1,700 (109 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

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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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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 $1,455. 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$1,455
Presidential TowersSTUDIO FIVEStudio,1BA$1,600
Reside on Green StreetS4 - 505Studio,1BA$1,928
The JaxJ1 Studio, TerraceStudio,1BA$2,021
AltaWest 04Studio,1BA$2,051
The 808 ClevelandStudio 1 BathStudio,1BA$2,092
JeffJack ApartmentsStudio 08Studio,1BA$2,184
Hubbard PlaceS1Studio,1BA$2,195

Best Value Apartments for Rent in West Loop, IL

As of January 23, 2026 the best value apartment in the West Loop area is the $2.67 price per square foot 1002 W Lake St Model at 1002 W Lake St, Unit 2 in the in the Parc Chesnut neighborhood starting from $6,000. The second greatest value West Loop apartment is the 1002 W Lake St Model at 1002 W Lake St, Unit 2 starting at $6,000 with a $2.86 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.
1002 W Lake St, Unit 21002 W Lake St4BR,2BA$2.67
1002 W Lake St, Unit 21002 W Lake St4BR,2BA$2.86
1002 W Lake St, Unit 21002 W Lake St4BR,2BA$2.86
1008 W Lake St, Unit 21008 W Lake St1BR,1.5BA$2.67
613 N Racine Ave, Unit 1613 N Racine Ave4BR,2BA$1.95
229 S Racine Ave, Unit 1229 S Racine Ave2BR,2BA$2.06
821 W Van Buren St, Unit 2821 W Van Buren St2BR,1BA$2.09
River West Lofts#1031BR,1BA$2.19
110 N Peoria St, Unit A01C110 N Peoria St1BR,1BA$2.18
Elm 551 at ParksideOne Bedroom1BR,1BA$2.67

Frequently Asked Questions about West Loop

What type of rentals are currently available in West Loop?

There are currently 365 Apartments for Rent in West Loop, IL with pricing that ranges from $1,040 to $77,776. There are also 397 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 $4,548.

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 $1,065 to $38,481, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,695 to $10,668. Four Bedroom Single-Family rentals are also available starting from $4,900 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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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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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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.