Cheap Homes for Rent in West Loop Neighborhood of Chicago, IL from $1,500 (137 Rentals)

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Search the lowest-cost Homes 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 315 N May St

315 N May St

ChicagoIL60607
property at 313 N Canal St

313 N Canal St

ChicagoIL60606
property at 650 W Wayman St

650 W Wayman St

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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
Verdant Apartments0BR/1.0BAStudio,1BA$1,507
Presidential TowersSTUDIO SIXStudio,1BA$1,560
Larrabee Place at Parkside of Old Town1 Bedroom1BR,1BA$1,629
Hugo River NorthStudioStudio,1BA$1,824
Gateway West LoopE1Studio,1BA$1,898

Best Value Apartments for Rent in West Loop, IL

As of March 23, 2025 the best value apartment in the West Loop area is the $1.41 price per square foot 730 N Willard Ct Model at 730 N Willard Ct, Unit M04B in the in the West Town neighborhood starting from $3,100. 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.
730 N Willard Ct, Unit M04B730 N Willard Ct3BR,2.5BA$1.41
613 N Racine Ave, Unit 1613 N Racine Ave4BR,2BA$1.93
17 N Elizabeth St, Unit 2R17 N Elizabeth St1BR,1BA$2.19
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 ONE1224 W Augusta Blvd2BR,1BA$1.88
650 W Wayman St, Unit 106C650 W Wayman St1BR,1BA$2.17
737 N May St, Unit 2R737 N May St2BR,1BA$2.00
715 N Willard Ct, Unit 1715 N Willard Ct2BR,1BA$2.08

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Frequently Asked Questions about West Loop

What type of rentals are currently available in West Loop?

There are currently 429 Apartments for Rent in West Loop, IL with pricing that ranges from $1,295 to $77,776. There are also 447 Single Family Homes for rent, Condos, and Townhome rentals currently available in West Loop ranging from $1,529 to $35,000.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in West Loop ranges from $1,529 to $35,000 with an average monthly rent of $6,156.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in West Loop range from $3,100 to $38,481, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,900 to $8,000. Four Bedroom Single-Family rentals are also available starting from $3,195 and Four Bedroom Apartments start at $3,950.

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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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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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.