Cheap Homes for Rent in West Loop Neighborhood of Chicago, IL from $1,700 (98 Rentals)

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Cheap Homes in the West Loop area of Chicago.

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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property at 650 W Wayman St

650 W Wayman St

ChicagoIL60661

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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property at 313 N Canal St

313 N Canal St

ChicagoIL60606
Showing Results 1-50, Page 1 of 2

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
Larrabee Place at Parkside of Old Town1 Bedroom1BR,1BA$1,629
Presidential TowersSTUDIO SIXStudio,1BA$1,685
Nevele22 - 1122 W ChicagoS03Studio,1BA$1,945
Seven 10 West613.0Studio,1BA$1,995
Hugo River NorthStudioStudio,1BA$2,105
CatalystConvertibleStudio,1BA$2,143

Best Value Apartments for Rent in West Loop, IL

As of May 04, 2025 the best value apartment in the West Loop area is the $1.47 price per square foot 1039 W Grand Ave Model at 1039 W Grand Ave, Unit 3 in the in the Parc Chesnut neighborhood starting from $3,295. The second greatest value West Loop apartment is the 613 N Racine Ave Model at 613 N Racine Ave, Unit 1 starting at $3,950 with a $1.93 price per square foot in the West Town 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.
1039 W Grand Ave, Unit 31039 W Grand Ave3BR,2BA$1.47
613 N Racine Ave, Unit 1613 N Racine Ave4BR,2BA$1.93
1059 W Fry St, Unit 1F1059 W Fry St4BR,2.5BA$1.65
1059 W Fry St, Unit 11059 W Fry St4BR,2.5BA$1.65
1059 W Fry St, Unit J01P1059 W Fry St4BR,2BA$1.65
1059 W Fry St, Unit G03C1059 W Fry St4BR,2BA$1.65
229 S Racine Ave, Unit 1229 S Racine Ave2BR,2BA$2.06
1059 W Fry St, Unit 11059 W Fry St4BR,2BA$2.13
The 808 ClevelandPrivate Bedroom in Shared 4 Bed 3 Bath4BR,3BA$1.10
1218 W Augusta Blvd, Unit Ground Floor1218 W Augusta Blvd2BR,1BA$1.16

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Frequently Asked Questions about West Loop

What type of rentals are currently available in West Loop?

There are currently 399 Apartments for Rent in West Loop, IL with pricing that ranges from $1,100 to $77,776. There are also 375 Single Family Homes for rent, Condos, and Townhome rentals currently available in West Loop ranging from $1,760 to $27,000.

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 $1,760 to $27,000 with an average monthly rent of $7,604.

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 $3,295 to $38,481, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,000 to $8,000. Four Bedroom Single-Family rentals are also available starting from $3,300 and Four Bedroom Apartments start at $3,300.

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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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.