Cheap Homes for Rent in Lower West Side Neighborhood of Chicago, IL from $1,300 (25 Rentals)

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

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

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Lower West Side, Chicago, IL Local Guide

Cheapest Available Lower West Side Apartments for Rent

 

The cheapest available apartment rental in the Lower West Side area of Chicago, IL is a 3 Beds unit found at Letterman Chicago priced from $1,075. Roosevelt Square has the second lowest priced unit, which is a Studio apartment currently listed from $1,450. Here are the most affordable Lower West Side apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Letterman ChicagoMac - 3x23BR,2BA$1,075
Roosevelt SquareStudioStudio,1BA$1,450
The OtisC221BR,1BA$2,295

Best Value Apartments for Rent in Lower West Side, IL

As of May 12, 2025 the best value apartment in the Lower West Side area is the $1.60 price per square foot 2 Bedroom Model at 1042 S Oakley Blvd Apartments in the in the Lower West Side neighborhood starting from $3,350. The second greatest value Lower West Side apartment is the 5 Bedroom 3 Baths Model at Luxury Student Housing at Leavitt Place starting at $3,950 with a $2.26 price per square foot in the Lower West Side neighborhood. Here is today’s list of the best values for Lower West Side apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1042 S Oakley Blvd Apartments2 Bedroom2BR,2BA$1.60
Luxury Student Housing at Leavitt Place5 Bedroom 3 Baths5BR,3BA$2.26
2513 S Claremont Ave, Unit 2513 S Claremont2513 S Claremont Ave3BR,5BA$1.33
1338 W Cullerton St3 bd 2 ba3BR,2BA$2.69
2229 W 23rd Pl, Unit 12229 W 23rd Pl3BR,1BA$2.30
1854 W 21st Pl, Unit 41854 W 21st Pl2BR,1BA$2.22
1638 W 18th Pl, Unit 1R1638 W 18th Pl2BR,1.5BA$2.61
2345 W 24th Pl, Unit 3F2345 W 24th Pl2BR,1BA$2.25
Letterman ChicagoCole - 2x12BR,1BA$1.93
2347 W 24th Pl, Unit 2R2347 W 24th Pl2BR,1BA$2.33

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Frequently Asked Questions about Lower West Side

What type of rentals are currently available in Lower West Side?

There are currently 177 Apartments for Rent in Lower West Side, IL with pricing that ranges from $875 to $8,297. There are also 45 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lower West Side ranging from $1,300 to $3,500.

What is the current price range for Rental Homes in Lower West Side?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lower West Side ranges from $1,300 to $3,500 with an average monthly rent of $2,300.

How much are larger Three and Four Bedroom Rentals in Lower West Side?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Lower West Side range from $875 to $8,297, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,995 to $3,500. Four Bedroom Single-Family rentals are also available starting from $3,000 and Four Bedroom Apartments start at $925.

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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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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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.