
Cheap Homes for Rent in Downtown Chicago Neighborhood of Chicago, IL from $700 (102 Rentals) Page 2 of 3
Search the lowest-cost Homes available for rent right now in the Downtown Chicago area of Chicago.


601 E 32nd St

61 W Erie St

1398 S Wabash Ave

2002 W 21st Pl

899 S Plymouth Ct

339 S Dearborn St

61 W Erie St

188 N Wells St

401 E Ontario St, Unit 2811
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.

125 S Jefferson St

63 W Elm St

1255 S State St, Unit 15B

1400 S Michigan Ave, Unit 27G

1122 N Clark St, Unit 1122

1226 N Dearborn St, Unit 33C

152 W Superior St, Unit 4R

2702 S Union Ave

2949 S Emerald Ave

1332 W 18th St
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

940 W 31st Pl

2842 S Union Ave

1200 S Michigan Ave

161 W Randolph St

60 E Randolph St

1912 W Harrison St

1431 W Flournoy St

512 N McClurg Ct

330 W Grand Ave, Unit 1505

47 E Lake St

1212 S Michigan Ave

30 E Roosevelt Rd

1000 S Michigan Ave

750 N Rush St

535 N Michigan Ave, Unit 2507

2126 W 24th St

53 E Chestnut St

1169 N Dearborn St

1111 W 14th Pl, Unit 321

188 W Randolph St

1164 N Dearborn St

33 E Pearson St

111 E Chestnut St, Unit 23b

19 E Chestnut St

1043 W Madison St, Unit 27R

925 W Randolph St, Unit 2F

42 E Superior St, Unit 9F

2107 W Coulter St

1232 N Dearborn St

2009 W 21st Pl
Downtown Chicago, Chicago, IL Local Guide

How much does it cost to rent a home in Downtown Chicago?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Chicago 2 Bedroom Homes for Rent | $3,646 | $1,250 | $10,000+ |
| Downtown Chicago 3 Bedroom Homes for Rent | $4,720 | $780 | $10,000+ |
| Downtown Chicago 4 Bedroom Homes for Rent | $7,158 | $860 | $10,000+ |
| Downtown Chicago 5 Bedroom Homes for Rent | $4,681 | $880 | $8,500 |
| Downtown Chicago 6 Bedroom Homes for Rent | $40,000 | $10,000 | $10,000+ |
Browse Homes for Rent in this Neighborhood
There are currently 102 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 Downtown Chicago
What type of rentals are currently available in Downtown Chicago?
There are currently 2194 Apartments for Rent in Downtown Chicago, IL with pricing that ranges from $450 to $77,776. There are also 1685 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Chicago ranging from $780 to $55,000.
What is the current price range for Rental Homes in Downtown Chicago?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Chicago ranges from $780 to $55,000 with an average monthly rent of $9,248.
How much are larger Three and Four Bedroom Rentals in Downtown Chicago?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Chicago range from $800 to $38,481, while Three Bedroom Homes, Condos, and Townhomes for rent range from $780 to $16,000. Four Bedroom Single-Family rentals are also available starting from $860 and Four Bedroom Apartments start at $1,040.
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

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.