
Cheap Apartments for Rent in the Old Town Neighborhood of Chicago, IL from $700 (43 Rentals)
Search the lowest-cost Apartments available for rent right now in the Old Town area of Chicago.


Total Monthly Price
245 W North Ave, Unit 211

1522 N La Salle Dr

ONE Old Town Park

Total Monthly Price
1214 N La Salle Dr

Total Monthly Price
1223 N La Salle Dr

Total Monthly Price
1214 N La Salle Dr

1220 N LaSalle
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.

1220 N La Salle Dr

1235 N La Salle Dr

The Evergreen Lofts

1560 N Sandburg Ter, Unit 3709

1455 N Sandburg Ter

70 W Burton Pl

Total Monthly Price
1225 Old Town

Cobbler Square Lofts
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.

70 W Burton Pl, Unit 807f

511 W Division St, Unit 603

Than Tower

1168 N Wells St

1255 N Sandburg Ter, Unit 2309

1540 N La Salle Dr, Unit 1804

1553 N Wells St

The Archer
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.

206 W Division St

1325 N Wells Apartments

218 W Division St, Unit 401

300 division

1450 N Halsted St

North Town Village

1162 - 1168 N La Salle Blvd

Montauk
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!

Sedgwick Apartments

Larrabee Place at Parkside of Old Town

1544-50 N. LaSalle Blvd.

1555 N Mohawk St

1250 Lasalle

1501-1503 N Sedgwick St

Terrace 459

Windsor North + Vine
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.

70 W Burton Pl

NEW - Arthurs of Old Town Apartments

1560 N Sandburg Terrace
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 | $2,760 | $1,250 | $4,062 |
| Old Town 1 Bedroom Apartments | $3,366 | $2,450 | $6,483 |
| Old Town 2 Bedroom Apartments | $4,446 | $3,010 | $8,963 |
| Old Town 3 Bedroom Apartments | $7,561 | $4,150 | $10,000+ |
| Old Town 4 Bedroom Apartments | $5,400 | $5,400 | $5,400 |
Browse Apartments in this Neighborhood
There are currently 43 rentals with your search options within a 2 mile radius of the Old Town Neighborhood of Chicago, IL.
See all Apartments in ChicagoExplore Chicago
Old Town, Chicago, IL Local Guide
- Nearby Chicago neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1522 N La Salle Dr | Studio | Studio,1BA | $1,600 |
| Windsor North + Vine | S1 | Studio,1BA | $2,280 |
| Than Tower | 1 Bedroom | 1BR,1BA | $2,450 |
| 1553 N Wells St | 1b/1b | 1BR,1BA | $2,600 |
| The Sinclair | Studio-S1 | Studio,1BA | $2,639 |
| Cobbler Square Lofts | CS2L | Studio,1BA | $2,698 |
| Arco Old Town | 1BR/1.0BA | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1518 N Sedgwick St, Unit 4B | 1518 N Sedgwick St | 3BR,2BA | $2.63 |
| 1332 N Cleveland Ave, Unit 1 | 1332 N Cleveland Ave | 3BR,3BA | $2.59 |
| 1221 N. LaSalle Lofts | StoreFront | Studio ,2BA | $2.00 |
| 1308 N La Salle Dr, Unit #4J | 1308 N La Salle Dr | 2BR,2BA | $3.45 |
| 1254 N La Salle Dr, Unit f5 | 1254 N La Salle Dr | 2BR,2BA | $3.36 |
| 1214 N La Salle Dr, Unit F5 | 1214 N La Salle Dr | 2BR,2BA | $3.72 |
| 1214 N La Salle Dr, Unit J5 | 1214 N La Salle Dr | 2BR,2BA | $3.54 |
| 1212 N La Salle Dr, Unit 5 | 1212 N La Salle Dr | 2BR,2BA | $3.80 |
| Cobbler Square Lofts | FS8 | Studio ,1BA | $3.63 |
| Than Tower | 1 Bedroom | 1BR,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.
Read ArticleDon'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.
Read ArticleBest 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
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
Read ArticleA 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
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 #47
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
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

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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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.