Cheap Apartments for Rent in the Downtown Chicago Neighborhood of Chicago, IL from $400 (133 Rentals) Page 2 of 3

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Search the lowest-cost Apartments available for rent right now in the Downtown Chicago area of Chicago.

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30 East Roosevelt
$1,750 - $2,100
Total Monthly Price

Total Monthly Price

Base Rent
$1,690 - $2,040
Required Monthly Fees
$60
Total Monthly Price
$1,750 - $2,100
1 to 2 Bedroom Apartments Available Now

30 East Roosevelt

30 E Roosevelt RdChicago, IL 60605
Affordability
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2626 S Throop St, Unit 1
$1,750
Total Monthly Price

Total Monthly Price

Base Rent
$1,750
Total Monthly Price
$1,750
2 Bedroom Apartment Available Apr 13

2626 S Throop St, Unit 1

2626 S Throop StChicago, IL 60608
Affordability
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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.

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1529 W 18th St, Unit 2R
$1,800
Total Monthly Price

Total Monthly Price

Base Rent
$1,800
Total Monthly Price
$1,800
4 Bedroom Apartment Available Now

1529 W 18th St, Unit 2R

1529 W 18th StChicago, IL 60608
Affordability
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1914 W 21st Plz, Unit 1
$1,800
Total Monthly Price

Total Monthly Price

Base Rent
$1,800
Total Monthly Price
$1,800
2 Bedroom Apartment Available Jun 1

1914 W 21st Plz, Unit 1

1914 W 21st PlzChicago, IL 60608
Cost Per Sq.Ft.
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Presidential Towers
$1,800 - $5,621
Total Monthly Price

Total Monthly Price

Base Rent
$1,795 - $5,616
Required Monthly Fees
Varies
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Presidential Towers

555 W Madison StChicago, IL 60661
Student Housing
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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.

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25 W Hubbard St
1 to 2 Bedroom Apartments

25 W Hubbard St

25 W Hubbard StChicago, IL 60654
  • Utilities Included
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1523 W Chicago Ave
Studio to 2 Bedroom Apartments

1523 W Chicago Ave

1523 W Chicago AveChicago, IL 60642
  • Utilities Included
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525 S. Dearborn St.
Studio to 2 Bedroom Apartments

525 S. Dearborn St.

525-537 S Dearborn StChicago, IL 60605
  • Utilities Included

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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1809 S Carpenter St
Studio Apartments

1809 S Carpenter St

1809 S Carpenter StChicago, IL 60608
  • Utilities Included
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1810 S Throop St
1 to 2 Bedroom Apartments

1810 S Throop St

1810 S Throop StChicago, IL 60608
  • Utilities Included
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McCormick CoLiving
1 to 4 Bedroom Apartments

McCormick CoLiving

2401 S State StChicago, IL 60616
Corporate Housing
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Maple
1 Bedroom Apartments

Maple

150 W Maple StChicago, IL 60610
Senior Living
  • Utilities Included
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Bridgeport
1 to 3 Bedroom Apartments

Bridgeport

2800 S Union AveChicago, IL 60616
Student Housing
  • Utilities Included
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211 E. Ohio St.
Studio to 2 Bedroom Apartments

211 E. Ohio St.

205-215 E Ohio StChicago, IL 60611
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1337 W Huron
1 to 3 Bedroom Apartments

1337 W Huron

1337 W HuronChicago, IL 60642
  • Utilities Included
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1912 S Throop St
Studio to 2 Bedroom Apartments

1912 S Throop St

1912 S Throop StChicago, IL 60608
Corporate Housing
  • Utilities Included
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Elm 551 at Parkside
Studio to 3 Bedroom Apartments

Elm 551 at Parkside

551 W Elm StChicago, IL 60610
  • Utilities Included
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1206-1208 W Lexington St
2 to 3 Bedroom Apartments

1206-1208 W Lexington St

1206-1208 W Lexington StChicago, IL 60607
  • Utilities Included
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Harris Point Chicago
Studio to 4 Bedroom Apartments

Harris Point Chicago

1404 W Taylor StChicago, IL 60607
Student Housing
  • Utilities Included
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600 N Lake Shore Dr
Studio to 3 Bedroom Apartments

600 N Lake Shore Dr

600 N Lake Shore DrChicago, IL 60611
Furnished
  • Utilities Included
  • Smoke Free
Showing Results 51-100, Page 2 of 3

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 $1,350.

What is the price of a cheap apartment in Downtown Chicago?

The cheapest apartment in Downtown Chicago is Westhaven Park II - C which is listed at $754, while the average apartment in Downtown Chicago costs $32,330.

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 355 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 $557 which is $31,773 cheaper than the average rent for all rentals in Downtown Chicago.

Expert Rental Resources

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.

Helpful Local Expert Guides

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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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Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

Written by: Nicole Harms

With world-class museums lining its streets, Chicago is a place people go to learn. It’s not surprising, therefore, that it’s also home to multiple colleges and universities with national and global reputations.

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Best Neighborhoods to Rent in Near Chicago's Top Employers

Written by: Nicole Harms

Whenever life takes me into the city, I’m always impressed with the sheer amount of industry and commerce that it holds. With all of that commerce comes a wide range of employment options.

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Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago

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From Lake Shore Drive to the O’Hare Airport, the city of Chicago is a study in diversity, resilience, and culture.

Articles, How-To's, and Tips

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.