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Cheap Apartments for Rent in the Downtown Chicago Neighborhood of Chicago, IL from $700 (217 Rentals)Page 5 of 5
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 | $2,744 | $1,100 | $8,392 |
| Downtown Chicago 1 Bedroom Apartments | $3,447 | $985 | $10,000+ |
| Downtown Chicago 2 Bedroom Apartments | $4,681 | $1,470 | $10,000+ |
| Downtown Chicago 3 Bedroom Apartments | $6,243 | $875 | $10,000+ |
| Downtown Chicago 4 Bedroom Apartments | $3,332 | $850 | $10,000+ |
| Downtown Chicago 5 Bedroom Apartments | $5,738 | $980 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 217 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 $1,313.
What is the price of a cheap apartment in Downtown Chicago?
The cheapest apartment in Downtown Chicago is 1162 - 1168 N La Salle Blvd which is listed at $1,375, while the average apartment in Downtown Chicago costs $5,465.
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 138 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 $313 which is $5,152 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 Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.