Cheap Apartments for Rent in the Old Town Neighborhood of Chicago, IL from $700 (43 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
$1,250
Total Monthly Price

Total Monthly Price

Base Rent
$1,250

Total Monthly Price
$1,250
Studio Apartment Available Apr 15

245 W North Ave, Unit 108

245 W North AveChicago, IL 60610
Affordability
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1214 N La Salle Dr
$2,195 - $3,795
Total Monthly Price

Total Monthly Price

Base Rent
$2,195 - $3,795

Total Monthly Price
$2,195 - $3,795
Studio to 2 Bedroom Apartment Available Now

1214 N La Salle Dr

1214 N La Salle DrChicago, IL 60610
Affordability
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1223 N La Salle Dr
$2,195 - $3,895
Total Monthly Price

Total Monthly Price

Base Rent
$2,195 - $3,895

Total Monthly Price
$2,195 - $3,895
Studio to 2 Bedroom Apartment Available Now

1223 N La Salle Dr

1223 N La Salle DrChicago, IL 60610
Affordability

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

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.

property at 1235 N La Salle Dr

$2,195 - $3,895

Total Monthly Price

Total Monthly Price

Base Rent
$2,195 - $3,895

Total Monthly Price
$2,195 - $3,895

Studio To 2 Bedroom Condos for Rent

Available Now

1235 N La Salle Dr

ChicagoIL60610
property at 1455 N Sandburg Ter

$2,300

Total Monthly Price

Total Monthly Price

Base Rent
$2,300

Total Monthly Price
$2,300

1 Bedroom, 1 Bath Condo for Rent

Available Now

1455 N Sandburg Ter

ChicagoIL60610
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1225 Old Town
Rent Specials
$2,395 - $6,754
Total Monthly Price

Total Monthly Price

Base Rent
$2,170 - $6,529
Required Monthly Fees
Varies

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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  • Customer Reviewed
  • 3D Tour

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

property at 70 W Burton Pl

$2,400

Total Monthly Price

Total Monthly Price

Base Rent
$2,400

Total Monthly Price
$2,400

1 Bedroom, 1 Bath Condo for Rent

Available Now

70 W Burton Pl, Unit 807f

70 W Burton Pl
ChicagoIL60610
property at 1540 N La Salle Dr

$2,600

Total Monthly Price

Total Monthly Price

Base Rent
$2,600

Total Monthly Price
$2,600

1 Bedroom, 1 Bath Condo for Rent

Available Now

1540 N La Salle Dr, Unit 1804

1540 N La Salle Dr
ChicagoIL60610

Chicago Relocation 101: Mastering Utilities, Registration, and the CTA

Moving to Chicago? This essential relocation guide offers a complete checklist for new residents, covering finding the right neighborhood, setting up utilities (ComEd, People’s Gas), and mastering high-rise moving logistics and vehicle registration.

property at 218 W Division St

$2,650

Total Monthly Price

Total Monthly Price

Base Rent
$2,650

Total Monthly Price
$2,650

1 Bedroom, 1 Bath Condo for Rent

Available May 15

218 W Division St, Unit 401

218 W Division St
ChicagoIL60610
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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

Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago

Learn about the best things about living in Chicago from a local in the Insiders Guide to Renting in Chicago. Find your perfect Chicago apartment today!

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Sedgwick Apartments
2 to 3 Bedroom Apartments

Sedgwick Apartments

414 W Goethe StChicago, IL 60610
  • Utilities Included
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1555 N Mohawk St
1 to 2 Bedroom Apartments

1555 N Mohawk St

1555 N Mohawk StChicago, IL 60610
  • Utilities Included
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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

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.

property at 70 W Burton Pl

$2,400 - $2,550

1 Bedroom Rentals

Available Now

70 W Burton Pl

ChicagoIL60610

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 $2,280. 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$2,280
Than Tower1 Bedroom1BR,1BA$2,450
1553 N Wells St1b/1b1BR,1BA$2,600
The SinclairStudio-S1Studio,1BA$2,639
Cobbler Square LoftsCS2LStudio,1BA$2,698
Arco Old Town1BR/1.0BA1BR,1BA$2,800

Best Value Apartments for Rent in Old Town, IL

As of April 06, 2026 the best value apartment in the Old Town area is the $2.63 price per square foot 1518 N Sedgwick St Model at 1518 N Sedgwick St, Unit 4B in the in the Parc Chesnut neighborhood starting from $5,250. 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.
1518 N Sedgwick St, Unit 4B1518 N Sedgwick St3BR,2BA$2.63
1332 N Cleveland Ave, Unit 11332 N Cleveland Ave3BR,3BA$2.59
1221 N. LaSalle LoftsStoreFrontStudio ,2BA$2.00
1308 N La Salle Dr, Unit #4J1308 N La Salle Dr2BR,2BA$3.45
1254 N La Salle Dr, Unit f51254 N La Salle Dr2BR,2BA$3.36
1214 N La Salle Dr, Unit F51214 N La Salle Dr2BR,2BA$3.72
1214 N La Salle Dr, Unit J51214 N La Salle Dr2BR,2BA$3.54
1212 N La Salle Dr, Unit 51212 N La Salle Dr2BR,2BA$3.80
Cobbler Square LoftsFS8Studio ,1BA$3.63
Than Tower1 Bedroom1BR,1BA$3.70

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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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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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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Pet Friendly Lifestyle
Old Town, Chicago, IL

Ranked #47

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 $3,600 at 1522 N La Salle Dr.

What is the most affordable Old Town Three Bedroom Apartment?

The best deal on a cheap Old Town Three Bedroom Apartment rental is at 1225 Old Town and starts from $6,081.

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

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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago

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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.

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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.

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Best Neighborhoods to Rent in Near Chicago's Top Employers

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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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

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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.