Cheap Homes for Rent in River West Neighborhood of Chicago, IL from $1,400 (126 Rentals)

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

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

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

Read Article

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

Read Article
property at 510 W Erie St

510 W Erie St

ChicagoIL60654
Showing Results 1-50, Page 1 of 3

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 Atrium at Old Town Park priced from $1,141. Affinity of North Avenue has the second lowest priced unit, which is a Studio apartment currently listed from $1,193. Here are the most affordable River West apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Atrium at Old Town ParkStudio AStudio,1BA$1,141
Affinity of North Avenue0x1TCrnStudio,1BA$1,193
Maple1 Bedroom 1 Bathroom1BR,1BA$1,230
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 DigsSX1.4Studio,1BA$1,500
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 30, 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
The 808 ClevelandPrivate Bedroom in Shared 4 Bed 3 Bath4BR,3BA$1.10
1112 N Marshfield Ave, Unit M02B1112 N Marshfield Ave2BR,1BA$1.80
1248 N Greenview Ave, Unit M00B1248 N Greenview Ave1BR,1BA$2.13
1555 N Mohawk St1-Bedroom1BR,1BA$2.15

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 River West

What type of rentals are currently available in River West?

There are currently 975 Apartments for Rent in River West, IL with pricing that ranges from $775 to $77,776. There are also 608 Single Family Homes for rent, Condos, and Townhome rentals currently available in River West ranging from $1,410 to $14,000.

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 $1,410 to $14,000 with an average monthly rent of $6,322.

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 $2,550 to $10,764. Four Bedroom Single-Family rentals are also available starting from $4,200 and Four Bedroom Apartments start at $1,025.

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 Rise of Digital Nomads: Remote Work Tips for Apartment Renters article

Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

decorative image for Know Your Rights - How Discrimination Laws Impact Landlords and Tenants article

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.