Cheap 1 Bedroom Apartments for Rent in the West Loop Neighborhood of Chicago, IL from $1,628 (17 Rentals)

Larrabee Place at Parkside of Old Town

Elm 551 at Parkside

Presidential Towers

705 N Milwaukee Ave, Unit 1R

1119 W Grand Ave, Unit 2R

650 W Wayman St, Unit 106C

650 W Wayman St, Unit 106C
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
West Loop, Chicago, IL Local Guide

How much does it cost to rent an apartment in West Loop?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
West Loop Studio Apartments | $2,936 | $1,295 | $8,147 |
West Loop 1 Bedroom Apartments | $3,526 | $1,628 | $10,000+ |
West Loop 2 Bedroom Apartments | $5,360 | $1,808 | $10,000+ |
West Loop 3 Bedroom Apartments | $9,556 | $3,295 | $10,000+ |
West Loop 4 Bedroom Apartments | $30,397 | $3,950 | $10,000+ |
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West Loop, Chicago, IL Local Guide
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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.
Getting Around the West Loop Neighborhood in Chicago, IL
Walk Score®
95 / 100
Walker’s Paradise
Daily errands do not require a car
Bike Score®
91 / 100
Biker's Paradise
Daily errands can be accomplished on a bike
Transit Score®
85 / 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 West Loop Apartments
What is a cheap apartment in West Loop?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in West Loop is under $2,095.
What is the price of a cheap apartment in West Loop?
The cheapest apartment in West Loop is Larrabee Place at Parkside of Old Town which is listed at $1,629, while the average apartment in West Loop costs $23,744.
What types of apartments are the cheapest in West Loop?
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 26 regular apartments in West Loop 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 West Loop?
Cheap apartments in West Loop have an average cost of $137 which is $23,607 cheaper than the average rent for all rentals in West Loop.
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.

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.

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.

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.

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.