Cheap Apartments for Rent in the River North Neighborhood of Chicago, IL from $1,200 (51 Rentals)

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Search the lowest-cost Apartments available for rent right now in the River North area of Chicago.

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

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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

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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.

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25 W Hubbard St
1 to 2 Bedroom Apartments

25 W Hubbard St

25 W Hubbard StChicago, IL 60654
  • Utilities Included
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55 E Erie St
Studio to 3 Bedroom Apartments

55 E Erie St

55 E Erie StChicago, IL 60611
Corporate Housing
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Luxury condo unit
Studio to 3 Bedroom Apartments

Luxury condo unit

333 N CanalChicago, IL 60606
Corporate Housing
  • Smoke Free

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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River North, Chicago, IL Local Guide

Cheapest Available River North Apartments for Rent

 

The cheapest available apartment rental in the River North area of Chicago, IL is a Studio unit found at Gramercy Row Apartments priced from $1,379. 25 E. Delaware has the second lowest priced unit, which is a Studio apartment currently listed from $1,475. Here are the most affordable River North apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Gramercy Row ApartmentsStudio Floor Plan S15Studio,1BA$1,379
25 E. DelawareStudio 1Studio,1BA$1,475
440 N. Wabash Ave.StudioStudio,1BA$1,675
Hugo River NorthStudioStudio,2BA$1,788
21 E ChestnutStudioStudio,1BA$1,805
The Bush TempleH-A13Studio,1BA$1,895
West77 ApartmentsStudioStudio,1BA$1,970
The ArdusA6Studio,1BA$1,995

Best Value Apartments for Rent in River North, IL

As of December 28, 2025 the best value apartment in the River North area is the $1.87 price per square foot 2BR / 2BA Model at DEARBORN DISTRICT in the in the Magnificent Mile neighborhood starting from $3,185. The second greatest value River North apartment is the 668 N Kingsbury St Model at 668 N Kingsbury St, Unit 1202 starting at $4,555 with a $3.16 price per square foot in the River North neighborhood. Here is today’s list of the best values for River North apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
DEARBORN DISTRICT2BR / 2BA2BR,2BA$1.87
668 N Kingsbury St, Unit 1202668 N Kingsbury St3BR,2BA$3.16
620 N State St, Unit 2407620 N State St2BR,2BA$2.95
303 W Ohio St, Unit Silver Tower303 W Ohio St2BR,2BA$3.26
60 W Superior St, Unit 180360 W Superior St2BR,2BA$3.23
10 E. Ontario St.1 Bedroom1BR,1BA$2.11
Lakeside 800Three Bedroom3BR,1BA$2.54
545 N Dearborn St, Unit 2201B545 N Dearborn St1BR,1BA$2.69
West77 ApartmentsStudioStudio ,1BA$3.33
440 N. Wabash Ave.StudioStudio ,1BA$3.25

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

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.

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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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Quick Rent Budget Calculator

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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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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in cities across the United States and customized analysis for Central Chicago. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including filtering automatically for the best proximity to parks and outdoor amenities, luxury housing options, pet-friendly features, places that make kids happy, proximity to transit, walking, and biking. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap River North Apartments

What is the Cheapest Studio apartment in River North?

Currently the most affordable Cheap Studio Apartment in River North is at Gramercy Row Apartments listed at $1,379.

How much is rent for a Cheap One Bedroom River North Apartment?

The lowest price for a Cheap One Bedroom River North Apartment is $1,989 at The Bush Temple.

What is the lowest price for a Cheap Two Bedroom River North Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in River North is starting from $2,845 at 25 E. Delaware.

What is the most affordable River North Three Bedroom Apartment?

The best deal on a cheap River North Three Bedroom Apartment rental is at Lakeside 800 and starts from $2,220.

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

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.

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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

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.

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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

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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!