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from $1,3752 Bedroom Apartment Available Now
2721 S Crowell St, Unit 1R
2721 S Crowell StChicago, IL 60608
Cheap 2 Bedroom Apartments for Rent in the Downtown Chicago Neighborhood of Chicago, IL from $1,375 (48 Rentals)
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from $1,4952 Bedroom Apartment Available Aug 9
3201 S Morgan St, Unit 3R
3201 S Morgan StChicago, IL 60608
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1824 W 22nd Pl
ChicagoIL60608
1529 W Cortez St
ChicagoIL60642
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from $1,7002 Bedroom Apartment Available Now
2974 S Loomis St, Unit 1st Floor (front building)
2974 S Loomis StChicago, IL 60608
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from $1,7002 Bedroom Apartment Available Jun 1
2030 W 21st St, Unit #1R
2030 W 21st StChicago, IL 60608
2031 W 23rd St
ChicagoIL60608
1013 N Hermitage Ave
ChicagoIL60622
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
1838 W 21st Pl
ChicagoIL60608
1611 S Wood St
ChicagoIL60608
1929 W 21st Pl
ChicagoIL60608
2100 W Cullerton St
ChicagoIL60608
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2031 W 23rd St
ChicagoIL60608
1022 W Fry St
ChicagoIL60642
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from $1,8002 Bedroom Apartments Contact Us For Availability
Bishop Street Lofts
1822-1834 S Bishop StChicago, IL 60608
1008 W 18th St
ChicagoIL60608
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from $1,6292 Bedroom Apartments Available Now
Larrabee Place at Parkside of Old Town
545 W Division StChicago, IL 60610
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
2031 W 23rd St
ChicagoIL60608
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from $1,8502 Bedroom Apartment Available Now
1409 W Erie St, Unit M03B
1409 W Erie StChicago, IL 60642
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from $1,8752 Bedroom Apartment Available Jul 1
1741 W Chicago Ave, Unit 1R
1741 W Chicago AveChicago, IL 60622
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from $1,8952 Bedroom Apartment Contact Us For Availability
806 N Bishop St, Unit 3B
806 N Bishop StChicago, IL 60642
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from $1,9002 Bedroom Apartment Available Jun 1
2042 W Cullerton St, Unit Coach house
2042 W Cullerton StChicago, IL 60608
1539 W 19th St
ChicagoIL60608
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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.
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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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Showing Results 1-48, Page 1 of 1
Downtown Chicago, Chicago, IL Local Guide
How much does it cost to rent an apartment in Downtown Chicago?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Chicago Studio Apartments | $2,733 | $1,089 | $8,249 |
| Downtown Chicago 1 Bedroom Apartments | $3,474 | $985 | $10,000+ |
Downtown Chicago 2 Bedroom Apartments | $4,659 | $1,375 | $10,000+ |
| Downtown Chicago 3 Bedroom Apartments | $6,397 | $875 | $10,000+ |
| Downtown Chicago 4 Bedroom Apartments | $3,301 | $850 | $10,000+ |
Explore Chicago
Downtown Chicago, Chicago, IL Local Guide
- Nearby Chicago neighborhoods
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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.
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Frequently Asked Questions about Cheap Downtown Chicago Apartments
What is a cheap apartment in Downtown Chicago?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Chicago is under $1,313.
What is the price of a cheap apartment in Downtown Chicago?
The cheapest apartment in Downtown Chicago is 707 W 28th St which is listed at $1,500, while the average apartment in Downtown Chicago costs $5,394.
What types of apartments are the cheapest in Downtown Chicago?
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 184 regular apartments in Downtown Chicago 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 Downtown Chicago?
Cheap apartments in Downtown Chicago have an average cost of $318 which is $5,076 cheaper than the average rent for all rentals in Downtown Chicago.
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.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.