Cheap Apartments for Rent in the Downtown Chicago Neighborhood of Chicago, IL from $600 (122 Rentals) Page 3 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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1413 W Taylor St
3 Bedroom Apartments

1413 W Taylor St

1413 W Taylor StChicago, IL 60607
  • Utilities Included
  • Smoke Free
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Wicker Park Lofts
Studio to 3 Bedroom Apartments

Wicker Park Lofts

1515-1519 W Haddon AveChicago, IL 60642
  • Utilities Included
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Atrium at Old Town Park
Studio to 2 Bedroom Apartments

Atrium at Old Town Park

303 W Division StChicago, IL 60610
  • Utilities Included
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1249 N Greenview Ave
2 Bedroom Apartments

1249 N Greenview Ave

1249 N Greenview AveChicago, IL 60642
  • Utilities Included
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MDA Apartments
Studio to 2 Bedroom Apartments

MDA Apartments

63 E Lake StChicago, IL 60601
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204 W Hill Street
Studio to 3 Bedroom Apartments

204 W Hill Street

204 W Hill StChicago, IL 60610

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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East Village Lofts
Studio to 2 Bedroom Apartments

East Village Lofts

1100 N Ashland AveChicago, IL 60622
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1100 N Dearborn
Studio to 2 Bedroom Apartments

1100 N Dearborn

1100 N Dearborn StChicago, IL 60610
  • Utilities Included
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1845 W Superior St
Studio to 3 Bedroom Apartments

1845 W Superior St

1845 W Superior StChicago, IL 60622
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Vesta Lofts Apartments
Studio to 3 Bedroom Apartments

Vesta Lofts Apartments

125 E 21st StChicago, IL 60616
  • Utilities Included
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Lexington 90
1 to 2 Bedroom Apartments

Lexington 90

1409 W Lexington StChicago, IL 60607
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1507 W Taylor St
2 Bedroom Apartments

1507 W Taylor St

1507 W Taylor StChicago, IL 60607
  • Utilities Included
  • Smoke Free
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1625 W Superior St
1 to 2 Bedroom Apartments

1625 W Superior St

1625 W Superior StChicago, IL 60622
  • Utilities Included
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1449-1453 W Flournoy St
Studio to 3 Bedroom Apartments

1449-1453 W Flournoy St

1449-1453 W Flournoy StChicago, IL 60607
Student Housing
  • Utilities Included
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1436 W Erie
Studio to 2 Bedroom Apartments

1436 W Erie

1436 W Erie StChicago, IL 60642
  • 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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Warren Apartments
Studio to 1 Bedroom Apartments

Warren Apartments

1533 W Warren AveChicago, IL 60607
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10 West Elm
Studio to 1 Bedroom Apartments

10 West Elm

10 W Elm StChicago, IL 60610
  • Utilities Included

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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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

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

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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.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

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.