
Apartments for Rent in the Downtown Chicago Neighborhood of Chicago, IL Under $1,200 (25 Rentals)


Dwight Lofts

626 on the Park

Prairie CoLiving

The Buckingham Student Living

Letterman Chicago
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Violet Coliving

Sable Coliving

Total Monthly Price
2973 S Lyman St, Unit 2

1624 S Throop St

1810 S Throop St

1809 S Carpenter St
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Common Damen

Westhaven Park II - C

356 W Superior St

McCormick CoLiving

525 S. Dearborn St.

The Nelson
Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible
Looking for a rental near Chicago? These five cities offer excellent options! From small-town charm to excellent business options, you can't go wrong!

Hilliard Towers Family II

Student | Infinite Chicago

Hilliard Towers Family One

Roosevelt Place Senior Apartments

1523 W Chicago Ave

25 W Hubbard St
Chicago Relocation 101: Mastering Utilities, Registration, and the CTA
Moving to Chicago? This essential relocation guide offers a complete checklist for new residents, covering finding the right neighborhood, setting up utilities (ComEd, People’s Gas), and mastering high-rise moving logistics and vehicle registration.

West Haven Park II - B
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 | $2,468 | $1,263 | $9,922 |
| Downtown Chicago 1 Bedroom Apartments | $3,000 | $900 | $9,987 |
| Downtown Chicago 2 Bedroom Apartments | $4,246 | $970 | $10,000+ |
| Downtown Chicago 3 Bedroom Apartments | $5,831 | $989 | $10,000+ |
| Downtown Chicago 4 Bedroom Apartments | $2,684 | $924 | $10,000+ |
| Downtown Chicago 5 Bedroom Apartments | $6,821 | $3,200 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 25 rentals with your search options within a 2 mile radius of the Downtown Chicago Neighborhood of Chicago, IL.
See all Apartments in ChicagoExplore Chicago
Downtown Chicago, Chicago, IL Local Guide
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A Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Chicago, IL metro area for affordable living. Find your perfect Chicago Student apartment, condo, or rental home today at ApartmentHomeliving.com
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick 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.
Best Local Schools in Downtown Chicago, Chicago, IL
South Loop Elementary School
Jones College Prep High School
School data provided by Great Schools
Frequently Asked Questions about Downtown Chicago
How much are Studio apartments in Downtown Chicago?
There are currently 819 Studio Apartments in Downtown Chicago with rent ranges from $1,263 to $9,922 with an average price of $2,468.
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 $900 to $9,987 with an average monthly rent of $3,000.
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 $970 to $18,797. Today's average rental price for Two Bedrooms here is $4,246.
How expensive are Downtown Chicago Three Bedroom Apartments?
There are currently 609 Three Bedroom Apartments listings available in Downtown Chicago on ApartmentHomeLiving.com. The pricing ranges from $989 to $38,481 - averaging $5,831 for the location.
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

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.

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.

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.

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

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.

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.

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.

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.