Cheap Homes for Rent in West Loop Neighborhood of Chicago, IL from $1,700 (120 Rentals)

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

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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 $1,595. 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$1,595
Presidential TowersSTUDIO FIVEStudio,1BA$1,675
The JaxJ1 Studio, TerraceStudio,1BA$1,998
Seven 10 West412 (RELET)Studio,1BA$2,015
Gateway West LoopE1Studio,1BA$2,024
CoppiaS1Studio,1BA$2,048
Inspire West Townx07 Studio - 1 BathStudio,1BA$2,130
Next ApartmentsS3Studio,1BA$2,141

Best Value Apartments for Rent in West Loop, IL

As of October 23, 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 724 N Willard Ct Model at 724 N Willard Ct, Unit M01H starting at $4,100 with a $1.95 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.
724 N Willard Ct, Unit 2724 N Willard Ct3BR,2.5BA$1.85
724 N Willard Ct, Unit M01H724 N Willard Ct3BR,2.5BA$1.95
724 N Willard Ct, Unit J03W724 N Willard Ct3BR,2.5BA$1.85
724 N Willard Ct, Unit J09P724 N Willard Ct3BR,2.5BA$1.85
724 N Willard Ct, Unit 2724 N Willard Ct3BR,2.5BA$1.85
724 N Willard Ct, Unit R5724 N Willard Ct3BR,2.5BA$1.85
229 S Racine Ave, Unit 1229 S Racine Ave2BR,2BA$2.06
821 W Van Buren St, Unit 2821 W Van Buren St2BR,1BA$2.27
1222 W Hubbard St, Unit 1222-1F1222 W Hubbard St2BR,2BA$2.24
110 N Peoria St, Unit A01C110 N Peoria St1BR,1BA$2.18

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Pet Friendly Lifestyle
West Loop, Chicago, IL

Ranked #16

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 394 Apartments for Rent in West Loop, IL with pricing that ranges from $1,040 to $77,776. There are also 455 Single Family Homes for rent, Condos, and Townhome rentals currently available in West Loop ranging from $1,750 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 $1,750 to $20,000 with an average monthly rent of $6,713.

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 $2,995 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.

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.

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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.