Cheap Homes for Rent in River West Neighborhood of Chicago, IL from $1,500 (185 Rentals)

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Search the lowest-cost Homes 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 506 N Green St

506 N Green 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 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
1162 - 1168 N La Salle Blvd1 Bed 1 Bath1BR,1BA$1,478
SoNu DigsSX1.4Studio,1BA$1,500
Atrium at Old Town ParkStudio BStudio,1BA$1,540
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 April 15, 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 1349 N Noble St Model at 1349 N Noble St, Unit 3 starting at $4,150 with a $1.98 price per square foot in the Noble Square 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
1349 N Noble St, Unit 31349 N Noble St3BR,2.5BA$1.98
613 N Racine Ave, Unit 1613 N Racine Ave4BR,2BA$1.93
858 N Paulina St, Unit 1858 N Paulina St2BR,2BA$1.83
1465 W Cortez St, Unit 21465 W Cortez St3BR,2BA$2.11
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 21514 N Elston Ave2BR,2BA$1.45
1112 N Marshfield Ave, Unit M02B1112 N Marshfield Ave2BR,1BA$1.80

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Frequently Asked Questions about River West

What type of rentals are currently available in River West?

There are currently 978 Apartments for Rent in River West, IL with pricing that ranges from $775 to $77,776. There are also 596 Single Family Homes for rent, Condos, and Townhome rentals currently available in River West ranging from $1,550 to $15,000.

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 $1,550 to $15,000 with an average monthly rent of $5,639.

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 $900 to $38,481, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,625 to $10,500. Four Bedroom Single-Family rentals are also available starting from $3,300 and Four Bedroom Apartments start at $950.

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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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.