Cheap 1 Bedroom Apartments for Rent in the Old Town Neighborhood of Chicago, IL from $1,910 (11 Rentals)
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Old Town, Chicago, IL Local Guide

How much does it cost to rent an apartment in Old Town?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Old Town Studio Apartments | $2,614 | $1,195 | $3,890 |
Old Town 1 Bedroom Apartments | $3,060 | $1,910 | $5,443 |
Old Town 2 Bedroom Apartments | $4,036 | $2,500 | $7,672 |
Old Town 3 Bedroom Apartments | $7,688 | $2,700 | $10,000+ |
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Old Town, Chicago, IL Local Guide
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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.
Pet Friendly LifestyleOld Town, Chicago, IL
Ranked #44
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Getting Around the Old Town Neighborhood in Chicago, IL
Walk Score®
97 / 100
Walker’s Paradise
Daily errands do not require a car
Bike Score®
91 / 100
Biker's Paradise
Daily errands can be accomplished on a bike
Transit Score®
80 / 100
Excellent Transit
Transit is convenient for most trips
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Old Town Apartments
What is a cheap apartment in Old Town?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Old Town is under $2,500.
What is the price of a cheap apartment in Old Town?
The cheapest apartment in Old Town is The Archer which is listed at $2,221, while the average apartment in Old Town costs $6,621.
What types of apartments are the cheapest in Old Town?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 2 regular apartments in Old Town that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Old Town?
Cheap apartments in Old Town have an average cost of $150 which is $6,471 cheaper than the average rent for all rentals in Old Town.
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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