
Cheap Apartments for Rent in the Old Town Neighborhood of Chicago, IL from $700 (37 Rentals)
Search the lowest-cost Apartments available for rent right now in the Old Town area of Chicago.


1522 N La Salle Dr

ONE Old Town Park

1555 N Mohawk St, Unit 3C

1555 N Mohawk St, Unit 3

1555 N Mohawk St, Unit C4

1555 N Mohawk St, Unit 3C

Than Tower

Cobbler Square Lofts
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Total Monthly Price
1214 N La Salle Dr

Total Monthly Price
322 W Evergreen Ave, Unit 1

1220 N LaSalle

Total Monthly Price
SoNo East

1251 N Clybourn Ave

Total Monthly Price
1225 Old Town

The Archer

1212 N La Salle Dr, Unit 2410

206 W Division St
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1300 N Clark St, Unit 807

The Evergreen Lofts

1255 N Sandburg Ter, Unit 2309

North Town Village

1162 - 1168 N La Salle Blvd

Montauk

Sedgwick Apartments

Larrabee Place at Parkside of Old Town

1544-50 N. LaSalle Blvd.
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1250 Lasalle

1501-1503 N Sedgwick St

Terrace 459

Windsor North + Vine

1560 N Sandburg Terrace

1455 N Sandburg Terrace

157 W Division St

NEW - Arthurs of Old Town Apartments

1553 N Wells St
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1537 N Orleans St
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 | $2,673 | $1,295 | $3,998 |
| Old Town 1 Bedroom Apartments | $3,396 | $1,500 | $7,313 |
| Old Town 2 Bedroom Apartments | $4,323 | $2,850 | $5,683 |
| Old Town 3 Bedroom Apartments | $8,926 | $4,300 | $10,000+ |
| Old Town 4 Bedroom Apartments | $6,600 | $6,400 | $6,800 |
Browse Apartments in this Neighborhood
There are currently 37 rentals with your search options within a 2 mile radius of the Old Town Neighborhood of Chicago, IL.
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Old Town, Chicago, IL Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1522 N La Salle Dr | Studio | Studio,1BA | $1,600 |
| Windsor North + Vine | S1 | Studio,1BA | $2,216 |
| SoNo East | S1 | Studio,1BA | $2,370 |
| The Archer | 1BR/1.0BA | 1BR,1BA | $2,450 |
| Cobbler Square Lofts | DS5 | Studio,1BA | $2,482 |
| ONE Old Town Park | Plan S3 | Studio,1BA | $2,613 |
| The Scott Residences | 03-04 & 09-10 Convertible | Studio,1BA | $2,725 |
| Acclaim on North Avenue | 2 Bedroom 2 Bath Market | 2BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1531 N Wells St | 1531 N Wells St. | 4BR,2BA | $2.84 |
| 1332 N Cleveland Ave, Unit 1 | 1332 N Cleveland Ave | 3BR,3BA | $2.59 |
| Acclaim on North Avenue | 2 Bedroom 2 Bath Market | 2BR,2BA | $2.61 |
| 1214 N La Salle Dr, Unit F2 | 1214 N La Salle Dr | 2BR,2BA | $4.10 |
| 1214 N La Salle Dr, Unit 2 | 1214 N La Salle Dr | 1BR,1.5BA | $3.88 |
| 1214 N La Salle Dr | 1214 N La Salle Dr | 2BR,2BA | $3.94 |
| 322 W Evergreen Ave, Unit 1 | 322 W Evergreen Ave | 1BR,1BA | $2.75 |
| The Archer | 1BR/1.0BA | 1BR,1BA | $3.23 |
| Windsor North + Vine | S1 | Studio ,1BA | $4.29 |
| 1522 N La Salle Dr | Studio | Studio ,1BA | $4.32 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
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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 #51
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 $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.
Helpful Local Expert Guides

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