Cheap Apartments for Rent in the West Loop Neighborhood of Chicago, IL from $1,200 (37 Rentals)

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Search the lowest-cost Apartments available for rent right now in the West Loop 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 730 W Couch Pl

730 W Couch Pl

ChicagoIL60661
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Luxury condo unit
Studio to 3 Bedroom Apartments

Luxury condo unit

333 N CanalChicago, IL 60606
Corporate Housing
  • Smoke Free
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111 S Peoria St
Studio to 3 Bedroom Apartments

111 S Peoria St

111 S Peoria StChicago, IL 60607
Furnished
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R+D659
Studio to 3 Bedroom Apartments

R+D659

645-659 W Randolph StChicago, IL 60661
Furnished
  • Smoke Free
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730 N Milwaukee Ave
Studio to 2 Bedroom Apartments

730 N Milwaukee Ave

730 N Milwaukee AveChicago, IL 60642
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1039 Grand Ave
3 Bedroom Apartments

1039 Grand Ave

1039 W Grand AveChicago, IL 60642
  • Utilities Included
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1057 W Grand
1 to 2 Bedroom Apartments

1057 W Grand

1057 W Grand AveChicago, IL 60642
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729 N Sangamon St
1 Bedroom Apartments

729 N Sangamon St

729 N Sangamon StChicago, IL 60642
  • Utilities Included
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Lake Street Lofts
1 to 2 Bedroom Apartments

Lake Street Lofts

910 W Lake StChicago, IL 60607
  • Utilities Included
Showing Results 1-37, Page 1 of 1

West Loop, Chicago, IL Local Guide

Cheapest Available West Loop Apartments for Rent

 

The cheapest available apartment rental in the West Loop area of Chicago, IL is a Studio unit found at 768 W. Jackson priced from $1,295. 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 West Loop apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
768 W. JacksonStudioStudio,1BA$1,295
Elm 551 at ParksideStudioStudio,1BA$1,313
Presidential TowersSTUDIO SIXStudio,1BA$1,545
Larrabee Place at Parkside of Old Town1 Bedroom1BR,1BA$1,629
Nevele22 - 1122 W ChicagoS11Studio,1BA$1,925
Gateway West LoopE1Studio,1BA$1,938
Xavier0x1 07Studio,1BA$2,075
Verdant Apartments1BR/1.0BA1BR,1BA$2,095

Best Value Apartments for Rent in West Loop, IL

As of April 12, 2025 the best value apartment in the West Loop 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 West Loop 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 West Loop 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
229 S Racine Ave, Unit 1229 S Racine Ave2BR,2BA$1.87
229 S Racine Ave, Unit 1229 S Racine Ave2BR,2BA$1.87
229 S Racine Ave, Unit 1229 S Racine Ave2BR,2BA$2.06
1224 W Augusta Blvd, Unit 11224 W Augusta Blvd2BR,1BA$1.88
1224 W Augusta Blvd, Unit #11224 W Augusta Blvd2BR,1BA$1.88
933 W Van Buren St, Unit 933933 W Van Buren St2BR,2BA$2.44
1160 W Grand Ave1160 W Grand Ave2BR,1BA$2.32
Larrabee Place at Parkside of Old Town1 Bedroom1BR,1BA$2.28

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Pet Friendly Lifestyle
West Loop, Chicago, IL

Ranked #16

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

ApartmentHomeLiving brings you Lifestyle Ratings of neighborhoods, metropolitan areas, and rental properties across Illinois, including Chicago. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including filtering automatically for convenient access to the outdoors, luxury housing options, pet-friendly features, family-friendly amenities, proximity to transit, and much more. These search options are in the site filters at the top of this page.

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 $135 which is $23,609 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.

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.