
Homes for Rent in Downtown Chicago Neighborhood of Chicago, IL Under $1,500 (48 Rentals)


535 N Michigan Ave, Unit 2803

1167 N Dearborn St

1140 N La Salle Dr

725 N Ada St

1503 W 19th St

1164 N Dearborn St

1140 N La Salle Dr

1164 N Dearborn St

1167 N Dearborn St
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.

1167 N Dearborn St

1167 N Dearborn St

2122 S Hoyne Ave

2122 S Hoyne Ave

2122 S Hoyne Ave

Private bedroom in 4 bed/2 bath Home

2122 S Hoyne Ave
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.

2122 S Hoyne Ave

Private bedroom in 4 bed/2 bath Home

2122 S Hoyne Ave

Private bedroom in 4 bed/2.5 bath Home

Private bedroom in 3 bed/1 bath Home

Private bedroom in 3 bed/2 bath Home

Private bedroom in 5 bed/3 bath Home

Private bedroom in 4 bed/2 bath Home

1458 W Cortez St

Private bedroom in 5 bed/3 bath Home
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.

Private bedroom in 5 bed/3 bath Home

Private bedroom in 4 bed/2 bath Home

Private bedroom in 3 bed/1 bath Home

2122 S Hoyne Ave

Private bedroom in 4 bed/1 bath Home

Private bedroom in 3 bed/1 bath Home

Private bedroom in 4 bed/2 bath Home

2122 S Hoyne Ave

Private bedroom in 4 bed/2 bath Home

Private bedroom in 3 bed/2 bath Home

Private bedroom in 4 bed/1 bath Home

Private bedroom in 4 bed/1 bath Home
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

Private bedroom in 3 bed/2 bath Home

460 W 28th Pl

253 E Delaware Pl

1140 N La Salle Dr

1100 N La Salle Dr

2005 W Race Ave

1164 N Dearborn St

1533 W 17th St

2021 S Ruble St
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 | $3,580 | $1,395 | $10,000+ |
Downtown Chicago 3 Bedroom Homes for Rent | $5,166 | $1,600 | $10,000+ |
Downtown Chicago 4 Bedroom Homes for Rent | $6,943 | $2,700 | $10,000+ |
Downtown Chicago 5 Bedroom Homes for Rent | $11,660 | $3,400 | $10,000+ |
Downtown Chicago 6 Bedroom Homes for Rent | $20,000 | $10,000 | $10,000+ |
Browse Homes for Rent in this Neighborhood
There are currently 48 rentals with your search options within a 2 mile radius of the Downtown Chicago Neighborhood of Chicago, IL.
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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
What type of rentals are currently available in Downtown Chicago?
There are currently 2296 Apartments for Rent in Downtown Chicago, IL with pricing that ranges from $875 to $77,776. There are also 1494 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Chicago ranging from $1,200 to $32,500.
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 $1,200 to $32,500 with an average monthly rent of $7,420.
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 $875 to $38,481, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,600 to $32,500. Four Bedroom Single-Family rentals are also available starting from $2,700 and Four Bedroom Apartments start at $875.
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.