Cheap Apartments for Rent in the River West Neighborhood of Chicago, IL from $700 (94 Rentals)

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Search the lowest-cost Apartments available for rent right now in the River West 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

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property at 188 N Wells St

188 N Wells St

ChicagoIL60606
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River West, Chicago, IL Local Guide

Cheapest Available River West Apartments for Rent

 

The cheapest available apartment rental in the River West area of Chicago, IL is a Studio unit found at Affinity of North Avenue priced from $1,193. 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 River West apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Affinity of North Avenue0x1TCrnStudio,1BA$1,193
Elm 551 at ParksideStudioStudio,1BA$1,313
1100 North LasalleStudioStudio,1BA$1,390
1555 N Mohawk St1-Bedroom1BR,1BA$1,400
1162 - 1168 N La Salle Blvd1 Bed 1 Bath1BR,1BA$1,478
Atrium at Old Town ParkStudio BStudio,1BA$1,540
SoNu DigsSX1.3Studio,1BA$1,575

Best Value Apartments for Rent in River West, IL

As of April 07, 2025 the best value apartment in the River West 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 River West 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 River West 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
858 N Paulina St, Unit 1858 N Paulina St2BR,2BA$1.83
1224 W Augusta Blvd, Unit 11224 W Augusta Blvd2BR,1BA$1.88
1224 W Augusta Blvd, Unit #11224 W Augusta Blvd2BR,1BA$1.88
44 N Paulina St, Unit 382S44 N Paulina St2BR,2BA$1.80
1514 N Elston Ave, Unit J06P1514 N Elston Ave2BR,2BA$1.45
1514 N Elston Ave, Unit 21514 N Elston Ave2BR,2BA$1.45
1112 N Marshfield Ave, Unit M02B1112 N Marshfield Ave2BR,1BA$1.80
544 N Hermitage Ave, Unit #1544 N Hermitage Ave2BR,1BA$1.90

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Pet Friendly Lifestyle
River West, Chicago, IL

Ranked #7

Among neighborhoods in Chicago, IL for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

This website compares millions of points of data to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, and customized analysis for Chicago, Illinois. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including searching for the best amenities, and the best proximity to parks and outdoor amenities, transit availability, pet-friendly communities, apartment communities for the kids, in addition to floorplans, availablity, and pricing. These search options are in the site filters at the top of this page.

Getting Around the River West Neighborhood in Chicago, IL

Walk Score®

93 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

94 / 100

Biker's Paradise

Daily errands can be accomplished on a bike

Transit Score®

75 / 100

Excellent Transit

Transit is convenient for most trips

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap River West Apartments

What is a cheap apartment in River West?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in River West is under $1,575.

What is the price of a cheap apartment in River West?

The cheapest apartment in River West is 1555 N Mohawk St which is listed at $1,400, while the average apartment in River West costs $5,138.

What types of apartments are the cheapest in River West?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 70 regular apartments in River West that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in River West?

Cheap apartments in River West have an average cost of $526 which is $4,612 cheaper than the average rent for all rentals in River West.

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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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.

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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.

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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.