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


Letterman Chicago

Addams Coliving

Dearborn Plaza

Tailor Lofts
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

356 W Superior St

Student | The Flats East West

1722 S Ashland Ave, Unit 3r

264 W 26th St

618 S Racine Ave
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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.
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.

Roosevelt Place Senior Apartments
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 | $2,779 | $750 | $10,000+ |
Downtown Chicago 1 Bedroom Apartments | $3,397 | $1,100 | $10,000+ |
Downtown Chicago 2 Bedroom Apartments | $4,652 | $1,450 | $10,000+ |
Downtown Chicago 3 Bedroom Apartments | $6,630 | $1,400 | $10,000+ |
Downtown Chicago 4 Bedroom Apartments | $2,570 | $1,040 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 28 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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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.
Frequently Asked Questions about Downtown Chicago
How much are Studio apartments in Downtown Chicago?
There are currently 336 Studio Apartments in Downtown Chicago with rent ranges from $750 to $20,000 with an average price of $2,779.
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 $1,100 to $20,000 with an average monthly rent of $3,397.
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 $1,450 to $29,893. Today's average rental price for Two Bedrooms here is $4,652.
How expensive are Downtown Chicago Three Bedroom Apartments?
There are currently 513 Three Bedroom Apartments listings available in Downtown Chicago on ApartmentHomeLiving.com. The pricing ranges from $1,400 to $38,481 - averaging $6,630 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.

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 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.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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.