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Cheap Apartments for Rent in the Downtown Chicago Neighborhood of Chicago, IL from $700 (193 Rentals) Page 4 of 4
Search the lowest-cost Apartments available for rent right now in the Downtown Chicago area of Chicago.
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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 | $2,362 | $1,089 | $10,000+ |
| Downtown Chicago 1 Bedroom Apartments | $2,866 | $1,000 | $7,500 |
| Downtown Chicago 2 Bedroom Apartments | $4,160 | $1,200 | $10,000+ |
| Downtown Chicago 3 Bedroom Apartments | $6,563 | $1,075 | $10,000+ |
| Downtown Chicago 4 Bedroom Apartments | $3,559 | $1,040 | $10,000+ |
| Downtown Chicago 5 Bedroom Apartments | $10,681 | $2,950 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 193 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 $1,308.
What is the price of a cheap apartment in Downtown Chicago?
The cheapest apartment in Downtown Chicago is 2423 S State which is listed at $1,122, while the average apartment in Downtown Chicago costs $29,228.
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 140 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 $1,032 which is $28,196 cheaper than the average rent for all rentals in Downtown Chicago.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
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.
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.