
Cheap Homes for Rent in the Old Town Neighborhood of Chicago, IL from $2,100 (15 Rentals)
Search the lowest-cost Homes available for rent right now in the Old Town area of Chicago.


1540 N La Salle Dr, Unit 607

322 W Evergreen Ave, Unit 1

1255 N Sandburg Terrace, Unit 2105

1235 N La Salle Dr
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1255 N Sandburg Ter, Unit 2105

1220 N La Salle Dr, Unit G2

1213 N Wells St, Unit 1

1560 N Sandburg Terrace

1561 N Wells St
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1188 N Clark St

1421 Halsted N St, Unit 4s

1480 N Dayton St

1460 N Sandburg Terrace
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Old Town, Chicago, IL Local Guide

How much does it cost to rent a home in Old Town?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Old Town 2 Bedroom Homes for Rent | $3,930 | $2,550 | $5,000 |
| Old Town 3 Bedroom Homes for Rent | $5,740 | $5,200 | $6,280 |
Browse Homes for Rent in this Neighborhood
There are currently 15 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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1162 - 1168 N La Salle Blvd | 1168 N. LaSalle Dr. | 1BR,1BA | $1,590 |
| 1522 N La Salle Dr | Studio | Studio,1BA | $1,600 |
| 1225 Old Town | Convertible | Studio,1BA | $2,419 |
| Cobbler Square Lofts | DS1L | Studio,1BA | $2,465 |
| The Archer | 1BR/1.0BA | 1BR,1BA | $2,475 |
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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1531 N Wells St | 1531 N Wells St. | 4BR,2BA | $2.84 |
| Flannery Apartments | 3 Beds, 2.5 Baths | 3BR,2.5BA | $2.09 |
| 407 W North Ave, Unit 5E | 407 W North Ave | 3BR,2BA | $2.40 |
| 1332 N Cleveland Ave, Unit 1 | 1332 N Cleveland Ave | 3BR,2BA | $2.88 |
| 1610 N Larrabee St, Unit 1 | 1610 N Larrabee St | 3BR,2.5BA | $3.86 |
| 1502 N Hudson Ave, Unit 3 | 1502 N Hudson Ave | 2BR,1BA | $3.01 |
| 1214 N La Salle Dr | 1214 N La Salle Dr | 2BR,2BA | $3.94 |
| Than Tower | Large 1 Bedroom with Balcony | 1BR,1BA | $3.54 |
| The Archer | 1BR/1.0BA | 1BR,1BA | $3.27 |
| 1162 - 1168 N La Salle Blvd | 1168 N. LaSalle Dr. | 1BR,1BA | $2.77 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
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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.
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 #48
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Frequently Asked Questions about Old Town
What type of rentals are currently available in Old Town?
There are currently 160 Apartments for Rent in Old Town, IL with pricing that ranges from $1,590 to $23,973. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Old Town ranging from $2,100 to $6,280.
What is the current price range for Rental Homes in Old Town?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Old Town ranges from $2,100 to $6,280 with an average monthly rent of $3,408.
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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