
Cheap Apartments for Rent in the Downtown Chicago Neighborhood of Chicago, IL from $600 (122 Rentals) Page 2 of 3
Search the lowest-cost Apartments available for rent right now in the Downtown Chicago area of Chicago.


Park Michigan - 1212 S Michigan Ave

Total Monthly Price
1000 N. LaSalle

1532 W 18th Pl

3136 S Prairie Ave

Total Monthly Price
1500 W Thomas St, Unit BF

Axis Apartments and Lofts

Total Monthly Price
55 W. Chestnut

6748 N Ashland Ave

Total Monthly Price
260 E Chestnut St, Unit 2306
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Total Monthly Price
2914 S Wells St, Unit 2

Total Monthly Price
2058 W 19th St, Unit 2

1929 W 21st Pl, Unit B

2058 W 19th St, Unit 2

West Haven Park II - B

25 W Hubbard St

Westhaven Park II - C

1523 W Chicago Ave

Roosevelt Place Senior Apartments

Hilliard Towers Family One
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Hilliard Towers Family II

525 S. Dearborn St.

1809 S Carpenter St

1810 S Throop St

McCormick CoLiving

Hilliard Towers Senior Apartments One

Hilliard Towers Senior Apartments

Maple

Bridgeport

211 E. Ohio St.
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1251 S Michigan - Senior Living

1204 W Lexington St

1337 W Huron

1912 S Throop St

Elm 551 at Parkside

1417 W Cullerton St

1206-1208 W Lexington St

1162 - 1168 N La Salle Blvd

1065 N. Hermitage Ave.

Harris Point Chicago
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Luxury condo unit

R+D659

55 E Erie St

600 N Lake Shore Dr

1603 S Wood St

1234 N Cleaver

1363 W. Walton

707 W 28th St

The Oliver on LaSalle

35 E Division St
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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 | $2,468 | $1,263 | $9,922 |
| Downtown Chicago 1 Bedroom Apartments | $3,000 | $900 | $9,987 |
| Downtown Chicago 2 Bedroom Apartments | $4,246 | $970 | $10,000+ |
| Downtown Chicago 3 Bedroom Apartments | $5,831 | $989 | $10,000+ |
| Downtown Chicago 4 Bedroom Apartments | $2,684 | $924 | $10,000+ |
| Downtown Chicago 5 Bedroom Apartments | $6,821 | $3,200 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 122 rentals with your search options within a 2 mile radius of the Downtown Chicago Neighborhood of Chicago, IL.
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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 $1,375.
What is the price of a cheap apartment in Downtown Chicago?
The cheapest apartment in Downtown Chicago is West Haven Park II - B which is listed at $660, while the average apartment in Downtown Chicago costs $15,215.
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 139 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 $458 which is $14,757 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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Articles, How-To's, and Tips

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Pet-Friendly Renting: Everything You Need to Know Before You Move
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For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.