Cheap Apartments for Rent in the Old Town Neighborhood of Chicago, IL from $700 (37 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Old Town area of Chicago.

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245 W North Ave, Unit 108
$1,295
Total Monthly Price

Total Monthly Price

Base Rent
$1,295

Total Monthly Price
$1,295
Studio Apartment Available Jul 15

245 W North Ave, Unit 108

245 W North AveChicago, IL 60610
Affordability

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

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322 W Evergreen Ave, Unit 1
$2,200
Total Monthly Price

Total Monthly Price

Base Rent
$2,200

Total Monthly Price
$2,200
1 Bedroom Apartment Available Now

322 W Evergreen Ave, Unit 1

322 W Evergreen AveChicago, IL 60610
Affordability
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SoNo East
$2,370 - $4,285
Total Monthly Price

Total Monthly Price

Base Rent
$2,370 - $4,285

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

SoNo East

840 W Blackhawk StChicago, IL 60642
Eco-Friendly
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  • Customer Reviewed
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1225 Old Town
$2,405 - $7,210
Total Monthly Price

Total Monthly Price

Base Rent
$2,405 - $7,210

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

1225 Old Town

1225 N Wells StChicago, IL 60610
Corporate Housing
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property at 1212 N La Salle Dr

$2,500

Total Monthly Price

Total Monthly Price

Base Rent
$2,500

Total Monthly Price
$2,500

1 Bedroom, 1 Bath Condo for Rent

Available Now

1212 N La Salle Dr, Unit 2410

1212 N La Salle Dr
ChicagoIL60610

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Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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North Town Village
1 to 4 Bedroom Apartments

North Town Village

1311 N Halsted StChicago, IL 60642
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Montauk
Studio to 2 Bedroom Apartments

Montauk

1550 N Wieland StChicago, IL 60610
  • Utilities Included
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Sedgwick Apartments
2 to 3 Bedroom Apartments

Sedgwick Apartments

414 W Goethe StChicago, IL 60610
  • Utilities Included

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.

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1250 Lasalle
Studio to 2 Bedroom Apartments

1250 Lasalle

1250 N LaSalle StChicago, IL 60610
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Terrace 459
1 to 3 Bedroom Apartments

Terrace 459

459 W Division StChicago, IL 60610
  • Utilities Included
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Windsor North + Vine
Studio to 3 Bedroom Apartments

Windsor North + Vine

633 W North AveChicago, IL 60610
Corporate Housing
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1553 N Wells St
1 Bedroom Apartments

1553 N Wells St

1553 N Wells StChicago, IL 60610

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Old Town, Chicago, IL Local Guide

Cheapest Available Old Town Apartments for Rent

 

The cheapest available apartment rental in the Old Town area of Chicago, IL is a Studio unit found at 1522 N La Salle Dr priced from $1,600. Windsor North + Vine has the second lowest priced unit, which is a Studio apartment currently listed from $2,216. Here are the most affordable Old Town apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
1522 N La Salle DrStudioStudio,1BA$1,600
Windsor North + VineS1Studio,1BA$2,216
SoNo EastS1Studio,1BA$2,370
The Archer1BR/1.0BA1BR,1BA$2,450
Cobbler Square LoftsDS5Studio,1BA$2,482
ONE Old Town ParkPlan S3Studio,1BA$2,613
The Scott Residences03-04 & 09-10 ConvertibleStudio,1BA$2,725
Acclaim on North Avenue2 Bedroom 2 Bath Market2BR,2BA$2,850

Best Value Apartments for Rent in Old Town, IL

As of July 06, 2026 the best value apartment in the Old Town area is the $2.84 price per square foot 1531 N Wells St. Model at 1531 N Wells St in the in the Parc Chesnut neighborhood starting from $6,400. The second greatest value Old Town apartment is the 1332 N Cleveland Ave Model at 1332 N Cleveland Ave, Unit 1 starting at $4,400 with a $2.59 price per square foot in the Near North Side neighborhood. Here is today’s list of the best values for Old Town apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1531 N Wells St1531 N Wells St.4BR,2BA$2.84
1332 N Cleveland Ave, Unit 11332 N Cleveland Ave3BR,3BA$2.59
Acclaim on North Avenue2 Bedroom 2 Bath Market2BR,2BA$2.61
1214 N La Salle Dr, Unit F21214 N La Salle Dr2BR,2BA$4.10
1214 N La Salle Dr, Unit 21214 N La Salle Dr1BR,1.5BA$3.88
1214 N La Salle Dr1214 N La Salle Dr2BR,2BA$3.94
322 W Evergreen Ave, Unit 1322 W Evergreen Ave1BR,1BA$2.75
The Archer1BR/1.0BA1BR,1BA$3.23
Windsor North + VineS1Studio ,1BA$4.29
1522 N La Salle DrStudioStudio ,1BA$4.32

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Best Neighborhoods to Rent in Near Chicago's Top Employers: A Guide for Renters

A Local Expert's Guide to The 10 Best Chicago Neighborhoods near Major Local Employers. Find your perfect Chicago, IL apartment, condo, or rental home today at ApartmentHomeLiving.com

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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

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Real 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.

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Pet Friendly Lifestyle
Old Town, Chicago, IL

Ranked #51

Among cities in Illinois for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Frequently Asked Questions about Cheap Old Town Apartments

What is the Cheapest Studio apartment in Old Town?

Currently the most affordable Cheap Studio Apartment in Old Town is at 1522 N La Salle Dr listed at $1,600.

How much is rent for a Cheap One Bedroom Old Town Apartment?

The lowest price for a Cheap One Bedroom Old Town Apartment is $2,300 at 1522 N La Salle Dr.

What is the lowest price for a Cheap Two Bedroom Old Town Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Old Town is starting from $2,850 at Acclaim on North Avenue.

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.

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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.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

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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.