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$1,754 - $6,951Studio to 2 Bedroom Apartments Available Now
Presidential Towers
555 W Madison StChicago, IL 60661
Cheap Apartments for Rent in the Downtown Chicago Neighborhood of Chicago, IL from $660 (122 Rentals) Page 2 of 3
Search the lowest-cost Apartments available for rent right now in the Downtown Chicago area of Chicago.
1849 W 17th St
ChicagoIL60608
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Rent Specials
$1,779 - $2,785Studio to 1 Bedroom Apartments Available Now
The Duncan
1515 W Monroe StChicago, IL 60607
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Rent Specials
$1,789 - $3,323
Total Monthly Price
Studio to 2 Bedroom Apartments Available Sep 1Total Monthly Price
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$1,789 - $3,323
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55 W. Chestnut
55 W Chestnut StChicago, IL 60610
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$1,800Studio Apartments Available Oct 7
40 East Oak
40 E Oak StChicago, IL 60611
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1 to 4 Bedroom Apartments
West Haven Park II - B
1949 W Lake StChicago, IL 60612
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1 to 2 Bedroom Apartments
25 W Hubbard St
25 W Hubbard StChicago, IL 60654
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1 to 4 Bedroom Apartments
Westhaven Park II - C
1910 W Maypole AveChicago, IL 60612
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Studio to 2 Bedroom Apartments
1523 W Chicago Ave
1523 W Chicago AveChicago, IL 60642
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1 to 2 Bedroom Apartments
Roosevelt Place Senior Apartments
1401-1431 W Roosevelt RdChicago, IL 60608
Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago
Learn about the best things about living in Chicago from a local in the Insiders Guide to Renting in Chicago. Find your perfect Chicago apartment today!
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1 to 3 Bedroom Apartments
Hilliard Towers Family One
2031 S Clark StChicago, IL 60616
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Studio to 2 Bedroom Apartments
618 S Racine Ave
618 S Racine AveChicago, IL 60607
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Studio to 3 Bedroom Apartments
Luxe on Chicago
1838 W Chicago AveChicago, IL 60622
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1 to 3 Bedroom Apartments
Hilliard Towers Family II
2030 S State StChicago, IL 60616
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Studio to 2 Bedroom Apartments
525 S. Dearborn St.
525-537 S Dearborn StChicago, IL 60605
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Studio Apartments
1809 S Carpenter St
1809 S Carpenter StChicago, IL 60608
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1 to 2 Bedroom Apartments
1810 S Throop St
1810 S Throop StChicago, IL 60608
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1 to 4 Bedroom Apartments
McCormick CoLiving
2401 S State StChicago, IL 60616
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1 to 3 Bedroom Apartments
Hilliard Towers Senior Apartments
30 W Cermak RdChicago, IL 60616
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1 to 3 Bedroom Apartments
Hilliard Towers Senior Apartments One
2111 S Clark StChicago, IL 60616
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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1 Bedroom Apartments
Maple
150 W Maple StChicago, IL 60610
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1 to 3 Bedroom Apartments
Bridgeport
2800 S Union AveChicago, IL 60616
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Studio to 2 Bedroom Apartments
211 E. Ohio St.
205-215 E Ohio StChicago, IL 60611
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Studio to 1 Bedroom Apartments
1251 S Michigan - Senior Living
1251 S Michigan AveChicago, IL 60605
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1 to 3 Bedroom Apartments
1337 W Huron
1337 W HuronChicago, IL 60642
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2 to 3 Bedroom Apartments
1204 W Lexington St
1204 W Lexington StChicago, IL 60607
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Studio to 2 Bedroom Apartments
1912 S Throop St
1912 S Throop StChicago, IL 60608
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Studio to 3 Bedroom Apartments
Elm 551 at Parkside
551 W Elm StChicago, IL 60610
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1 Bedroom Apartments
2049 W Coulter St
2049 W Coulter StChicago, IL 60608
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2 to 3 Bedroom Apartments
1206-1208 W Lexington St
1206-1208 W Lexington StChicago, IL 60607
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
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1 to 3 Bedroom Apartments
1417 W Cullerton St
1417 W Cullerton StChicago, IL 60608
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Studio to 3 Bedroom Apartments
1065 N. Hermitage Ave.
1065 N Hermitage AveChicago, IL 60622
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1 to 2 Bedroom Apartments
1243 W 32nd St
1243 W 32nd StChicago, IL 60608
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Studio to 1 Bedroom Apartments
561 W 18th St
561 W 18th StChicago, IL 60616
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Studio to 4 Bedroom Apartments
Harris Point Chicago
1404 W Taylor StChicago, IL 60607
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Studio to 4 Bedroom Apartments
R+D659
645-659 W Randolph StChicago, IL 60661
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Studio to 3 Bedroom Apartments
Luxury condo unit
333 N CanalChicago, IL 60606
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Studio to 3 Bedroom Apartments
55 E Erie St
55 E Erie StChicago, IL 60611
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Studio to 3 Bedroom Apartments
600 N Lake Shore Dr
600 N Lake Shore DrChicago, IL 60611
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1 Bedroom Apartments
1363 W. Walton
1363 W Walton StChicago, IL 60642
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
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1 to 3 Bedroom Apartments
1603 S Wood St
1603 S Wood StChicago, IL 60608
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2 Bedroom Apartments
1234 N Cleaver
1234 N CleaverChicago, IL 60642
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2 Bedroom Apartments
707 W 28th St
707 W 28th StChicago, IL 60616
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1 to 2 Bedroom Apartments
1322 W 18th Pl
1322 W 18th PlChicago, IL 60608
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2 Bedroom Apartments
6 Units in Pilsen - Beautifully Rehabbed
1941 W 21st PlChicago, IL 60608
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3 Bedroom Apartments
1413 W Taylor St
1413 W Taylor StChicago, IL 60607
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1 to 2 Bedroom Apartments
544 Oak at Parkside of Old Town
544 W Oak StChicago, IL 60610
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Studio to 3 Bedroom Apartments
Wicker Park Lofts
1515-1519 W Haddon AveChicago, IL 60642
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1 to 2 Bedroom Apartments
Larrabee Place at Parkside of Old Town
545 W Division StChicago, IL 60610
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2 Bedroom Apartments
1249 N Greenview Ave
1249 N Greenview AveChicago, IL 60642
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
Showing Results 51-100, Page 2 of 3
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 | $2,494 | $946 | $7,201 |
| Downtown Chicago 1 Bedroom Apartments | $3,015 | $1,150 | $9,072 |
| Downtown Chicago 2 Bedroom Apartments | $4,293 | $1,000 | $10,000+ |
| Downtown Chicago 3 Bedroom Apartments | $6,496 | $1,411 | $10,000+ |
| Downtown Chicago 4 Bedroom Apartments | $4,450 | $1,025 | $10,000+ |
| Downtown Chicago 5 Bedroom Apartments | $5,507 | $3,300 | $10,000+ |
| Downtown Chicago 6 Bedroom Apartments | $18,368 | $4,200 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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 $1,230.
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 $2,957.
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 174 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 $372 which is $2,585 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
The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago
Written by: Nicole Harms
When choosing a place to live, there are many things you must consider. Your employer, your shopping preferences, and even schools are all important to think about. Yet cost of living is also important to know and plan for.
Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible
Written by: Nicole Harms
I’m Nicole, you’re ApartmentHomeLiving.com Local Expert for Chicago. There’s no denying I love the Windy City. Yet there’s also no denying that rental homes in Chicago can be pricy, small, and hard to find.
Chicago Relocation 101: Mastering Utilities, Registration, and the CTA
Written by: Nicole Harms
Moving to a new city is always an exciting time, especially one as vibrant and diverse as Chicago. With world-class museums, a breathtaking lakefront, and numerous employment opportunities, there’s much to love about this city.
Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago
Written by: Nicole Harms
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.