Cheap Homes for Rent in River West Neighborhood of Chicago, IL from $1,400 (150 Rentals)

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Search the lowest-cost Homes available for rent right now in the River West 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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property at 1022 W Fry St

1022 W Fry St

ChicagoIL60642

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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 920 N Wells priced from $1,065. 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
920 N WellsC05Studio,1BA$1,065
Elm 551 at ParksideStudioStudio,1BA$1,313
1162 - 1168 N La Salle Blvd1 Bed 1 Bath1BR,1BA$1,375
1100 North LasalleStudioStudio,1BA$1,390
1555 N Mohawk St1-Bedroom1BR,1BA$1,400
SoNu DigsSX1.6Studio,1BA$1,445
1522 N La Salle DrStudioStudio,1BA$1,600
Larrabee Place at Parkside of Old Town1 Bedroom1BR,1BA$1,629

Best Value Apartments for Rent in River West, IL

As of May 16, 2025 the best value apartment in the River West area is the $1.93 price per square foot 613 N Racine Ave Model at 613 N Racine Ave, Unit 1 in the in the West Town neighborhood starting from $3,950. The second greatest value River West apartment is the 1059 W Fry St Model at 1059 W Fry St, Unit 1 starting at $3,300 with a $1.65 price per square foot in the Parc Chesnut 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.
613 N Racine Ave, Unit 1613 N Racine Ave4BR,2BA$1.93
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
1059 W Fry St, Unit 11059 W Fry St4BR,3BA$1.65
858 N Paulina St, Unit 1858 N Paulina St2BR,2BA$1.83
858 N Paulina St, Unit 1858 N Paulina St2BR,2BA$1.83
Terrace 459Two Bed/Two Bath2BR,2BA$1.96
1218 W Augusta Blvd, Unit Ground Floor1218 W Augusta Blvd2BR,1BA$1.16
PostUnit 8093BR,2BA$1.43

Quick Rent Budget Calculator

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Frequently Asked Questions about River West

What type of rentals are currently available in River West?

There are currently 980 Apartments for Rent in River West, IL with pricing that ranges from $925 to $77,776. There are also 641 Single Family Homes for rent, Condos, and Townhome rentals currently available in River West ranging from $1,410 to $24,900.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in River West ranges from $1,410 to $24,900 with an average monthly rent of $6,236.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in River West range from $925 to $38,481, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,400 to $10,764. Four Bedroom Single-Family rentals are also available starting from $3,895 and Four Bedroom Apartments start at $1,050.

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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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.