
Cheap Apartments for Rent in the Downtown Chicago Neighborhood of Chicago, IL from $660 (122 Rentals) Page 3 of 3
Search the lowest-cost Apartments available for rent right now in the Downtown Chicago area of Chicago.


500 W 32nd St

1758 W. 21st Pl. / 2115 S. Wood St.

Atrium at Old Town Park

The Oliver on LaSalle

1737 W Erie St

East Village Lofts
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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204 W Hill Street

1100 N Dearborn

Lexington 90

915 S Aberdeen St

1845 W Superior St

1507 W Taylor St

504 W 32nd St
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1625 W Superior St

1707-1709 S Racine Ave

244 E. Pearson

1449-1453 W Flournoy St

10 West Elm

1833 W 21st street

Warren Apartments
The Art of the Rental Viewing: What to look for during a property tour
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1436 W Erie
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+ |
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.
See all Apartments in ChicagoExplore Chicago
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

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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.

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Articles, How-To's, and Tips

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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
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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.

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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.