Apartments for Rent in the Downtown Chicago Neighborhood of Chicago, IL Under $1,200 (28 Rentals)

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Violet Coliving
1 Bedroom Apartments

Violet Coliving

2104 W 21st PlChicago, IL 60608
Furnished
  • Utilities Included
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10 West Elm
Studio Apartments

10 West Elm

10 W Elm StChicago, IL 60610
  • Utilities Included

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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Tailor Lofts
Studio to 4 Bedroom Apartments

Tailor Lofts

315 S Peoria StChicago, IL 60607
Student Housing
  • Utilities Included
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Buckingham
Studio to 4 Bedroom Apartments

Buckingham

59 E Van Buren StChicago, IL 60605
Student Housing
  • Utilities Included
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1810 S Throop St
1 Bedroom Apartments

1810 S Throop St

1810 S Throop StChicago, IL 60608
  • Utilities Included
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1809 S Carpenter St
Studio Apartments

1809 S Carpenter St

1809 S Carpenter StChicago, IL 60608
  • Utilities Included
  • Smoke Free
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525 S. Dearborn St.
Studio to 2 Bedroom Apartments

525 S. Dearborn St.

525-537 S Dearborn StChicago, IL 60605
  • Utilities Included
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The Nelson
Studio to 2 Bedroom Apartments

The Nelson

710 W 14th StChicago, IL 60607

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Dwight Building
2 to 4 Bedroom Apartments

Dwight Building

642 S Clark StChicago, IL 60605
Student Housing
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2048 W Chicago Ave
Studio Apartments

2048 W Chicago Ave

2048 W Chicago AveChicago, IL 60622
Furnished
  • Utilities Included
  • Smoke Free
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25 W Hubbard St
1 Bedroom Apartments

25 W Hubbard St

25 W Hubbard StChicago, IL 60654
  • 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

Downtown Chicago, Chicago, IL Local Guide

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Frequently Asked Questions about Downtown Chicago

How much are Studio apartments in Downtown Chicago?

There are currently 349 Studio Apartments in Downtown Chicago with rent ranges from $800 to $19,192 with an average price of $2,714.

What is the current price range for One Bedroom Downtown Chicago Apartments for rent?

Today's rental pricing for One Bedroom Apartments in Downtown Chicago ranges from $985 to $20,000 with an average monthly rent of $3,349.

What does renting a Two Bedroom Apartment in Downtown Chicago cost?

The monthly rent prices of Two Bedroom Apartments currently available in Downtown Chicago range from $1,350 to $23,941. Today's average rental price for Two Bedrooms here is $4,696.

How expensive are Downtown Chicago Three Bedroom Apartments?

There are currently 526 Three Bedroom Apartments listings available in Downtown Chicago on ApartmentHomeLiving.com. The pricing ranges from $875 to $38,481 - averaging $6,180 for the location.

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.

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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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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.

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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.