Cheap Homes for Rent in Lower West Side Neighborhood of Chicago, IL from $1,200 (12 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Done

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

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

property at 1726 W 21st St

1726 W 21st St

ChicagoIL60608

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 Studio unit found at Roosevelt Square priced from $1,450. The Otis has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,370. Here are the most affordable Lower West Side apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Roosevelt SquareStudioStudio,1BA$1,450
The OtisC221BR,1BA$2,370
Luxury Student Housing at Leavitt Place5 Bedroom 3 Baths5BR,3BA$3,950
1042 S Oakley Blvd Apartments3 Bedroom3BR,2BA$4,075

Best Value Apartments for Rent in Lower West Side, IL

As of April 14, 2025 the best value apartment in the Lower West Side area is the $1.36 price per square foot 3 Bedroom Model at 1042 S Oakley Blvd Apartments in the in the Near West Side neighborhood starting from $4,075. 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 Apartments3 Bedroom3BR,2.5BA$1.36
Luxury Student Housing at Leavitt Place5 Bedroom 3 Baths5BR,3BA$2.26
Roosevelt Square3 Bedroom3BR,2BA$3.13
2163 W Coulter St, Unit 2nd Floor top unit2163 W Coulter St3BR,1BA$2.20
2312 W Cullerton St, Unit GRD2312 W Cullerton St1BR,1BA$1.56
1854 W 21st Pl, Unit 41854 W 21st Pl2BR,1BA$2.22
1638 W 18th Pl, Unit 1R1638 W 18th Pl2BR,1.5BA$2.72
The OtisC221BR,1BA$3.06
Violet ColivingPrivate Room in Shared 4 Bed 2 Bath1BR,1BA$9.95
Sable ColivingPrivate Room in Shared 4 Bed 3 Bath1BR,1BA$11.41

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Lower West Side

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

There are currently 175 Apartments for Rent in Lower West Side, IL with pricing that ranges from $800 to $4,595. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lower West Side ranging from $1,295 to $3,200.

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 $1,295 to $3,200 with an average monthly rent of $1,903.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.