Cheap Apartments for Rent in the Old Town Neighborhood of Chicago, IL from $700 (47 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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1254 N Wells St, Unit 202
$1,725
Total Monthly Price

Total Monthly Price

Base Rent
$1,725
Total Monthly Price
$1,725
1 Bedroom Apartment Available Oct 1

1254 N Wells St, Unit 202

1254 N Wells StChicago, IL 60610
Affordability
  • Smoke Free
property at 1546 N Mohawk St

$1,950 - $2,800

1 To 2 Bedroom Rentals

Available Now

1546 N Mohawk St

ChicagoIL60610

The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago

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property at 322 W Evergreen Ave

$2,195

Total Monthly Price

Total Monthly Price

Base Rent
$2,195
Total Monthly Price
$2,195

1 Bedroom, 1 Bath Condo for Rent

Available Sep 1

322 W Evergreen Ave, Unit 1

322 W Evergreen Ave
ChicagoIL60610
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1214 N La Salle Dr
$2,250 - $4,295
Total Monthly Price

Total Monthly Price

Base Rent
$2,250 - $4,295
Total Monthly Price
$2,250 - $4,295
Studio to 2 Bedroom Apartment Available Now

1214 N La Salle Dr

1214 N La Salle DrChicago, IL 60610
Affordability
property at 1235 N La Salle Dr

$2,250 - $3,495

Total Monthly Price

Total Monthly Price

Base Rent
$2,250 - $3,495
Total Monthly Price
$2,250 - $3,495

Studio To 1 Bedroom Condos for Rent

Available Now

1235 N La Salle Dr

ChicagoIL60610

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1225 Old Town
Rent Specials
$2,417 - $6,956
Total Monthly Price

Total Monthly Price

Base Rent
$2,417 - $6,956
Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

1225 Old Town

1225 N Wells StChicago, IL 60610
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
property at 1421 Halsted N St

$2,550

Total Monthly Price

Total Monthly Price

Base Rent
$2,550
Total Monthly Price
$2,550

2 Bedroom, 1 Bath Condo for Rent

Available Sep 1

1421 Halsted N St, Unit 4s

1421 Halsted N St
ChicagoIL60610

Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible

Looking for a rental near Chicago? These five cities offer excellent options! From small-town charm to excellent business options, you can't go wrong!

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SoNo East
$2,723 - $7,936
Total Monthly Price

Total Monthly Price

Base Rent
$2,723 - $7,936
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Oct 21

SoNo East

840 W Blackhawk StChicago, IL 60642
Eco-Friendly
  • Verified
  • Customer Reviewed
  • 3D Tour
property at 1600 N Halsted St

$2,797

Total Monthly Price

Total Monthly Price

Base Rent
$2,797
Total Monthly Price
$2,797

1 Bedroom, 1 Bath Home for Rent

Available Apr 27, 2027

1600 N Halsted St

ChicagoIL60614
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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
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1250 Lasalle
Studio to 2 Bedroom Apartments

1250 Lasalle

1250 N LaSalle StChicago, IL 60610

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.

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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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Terrace 459
1 to 3 Bedroom Apartments

Terrace 459

459 W Division StChicago, IL 60610
  • Utilities Included
property at 1561 N Wells St

$2,100 - $2,400

1 Bedroom Rentals

Available Sep 1

1561 N Wells St

ChicagoIL60610
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1553 N Wells St
1 Bedroom Apartments

1553 N Wells St

1553 N Wells StChicago, IL 60610

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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1221 N. LaSalle Lofts
Studio to 1 Bedroom Apartments

1221 N. LaSalle Lofts

1221 N La Salle DrChicago, IL 60610
  • Utilities Included
Showing Results 1-47, Page 1 of 1

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 1 Bed unit found at 1162 - 1168 N La Salle Blvd priced from $1,590. 1522 N La Salle Dr has the second lowest priced unit, which is a Studio apartment currently listed from $1,600. Here are the most affordable Old Town apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
1162 - 1168 N La Salle Blvd1168 N. LaSalle Dr.1BR,1BA$1,590
1522 N La Salle DrStudioStudio,1BA$1,600
1225 Old TownConvertibleStudio,1BA$2,419
Cobbler Square LoftsDS1LStudio,1BA$2,465
The Archer1BR/1.0BA1BR,1BA$2,475
The SinclairStudio-S1Studio,1BA$2,507
Windsor North + VineS2Studio,1BA$2,541
ONE Old Town ParkPlan S2Studio,1BA$2,753

Best Value Apartments for Rent in Old Town, IL

As of August 20, 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 3 Beds, 2.5 Baths Model at Flannery Apartments starting at $4,600 with a $2.09 price per square foot in the Parc Chesnut 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
Flannery Apartments3 Beds, 2.5 Baths3BR,2.5BA$2.09
407 W North Ave, Unit 5E407 W North Ave3BR,2BA$2.40
1332 N Cleveland Ave, Unit 11332 N Cleveland Ave3BR,2BA$2.88
1610 N Larrabee St, Unit 11610 N Larrabee St3BR,2.5BA$3.86
1502 N Hudson Ave, Unit 31502 N Hudson Ave2BR,1BA$3.01
1214 N La Salle Dr1214 N La Salle Dr2BR,2BA$3.94
Than TowerLarge 1 Bedroom with Balcony1BR,1BA$3.54
The Archer1BR/1.0BA1BR,1BA$3.27
1162 - 1168 N La Salle Blvd1168 N. LaSalle Dr.1BR,1BA$2.77

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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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.

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Pet Friendly Lifestyle
Old Town, Chicago, IL

Ranked #48

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 $1,590 at 1162 - 1168 N La Salle Blvd.

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 Flannery Apartments and starts from $4,600.

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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