Cheap Apartments for Rent in the River North Neighborhood of Chicago, IL from $1,324 (222 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
55 W. Chestnut
Rent Specials
$1,789 - $3,323
Total Monthly Price

Total Monthly Price

Base Rent
$1,789 - $3,323

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Sep 1

55 W. Chestnut

55 W Chestnut StChicago, IL 60610
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour
property at 111 E Chestnut St

$1,975 - $4,650

Total Monthly Price

Total Monthly Price

Base Rent
$1,975 - $4,650

Total Monthly Price
$1,975 - $4,650

1 To 3 Bedroom Condos for Rent

Available Now

111 E Chestnut St

ChicagoIL60611

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

Chicago may cost more than the national average, but with the right neighborhood, a smart transit strategy, and a few local insider tips, living well in the Windy City is more achievable than you might think. Our local expert breaks down everything from rent and groceries to transportation and healthcare so you can plan your move with confidence.

close
View Me
102 W Chicago Ave
$2,025 - $2,093
Total Monthly Price

Total Monthly Price

Base Rent
$2,025 - $2,093

Total Monthly Price
$2,025 - $2,093
Studio to 1 Bedroom Apartment Available Sep 17

102 W Chicago Ave

102 W Chicago AveChicago, IL 60654
Affordability
  • Smoke Free
property at 622 N Wells St

$2,056

Studio, 1 Bath Rentals

Available Oct 5

622 N Wells St

ChicagoIL60654

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

property at 42 E Superior St

$2,100

Total Monthly Price

Total Monthly Price

Base Rent
$2,100

Total Monthly Price
$2,100

1 Bedroom, 1 Bath Condo for Rent

Available Now

42 E Superior St, Unit 9F

42 E Superior St
ChicagoIL60611

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!

property at 152 W Superior St

$2,100

Total Monthly Price

Total Monthly Price

Base Rent
$2,100

Total Monthly Price
$2,100

Studio, 1 Bath Condo for Rent

Available Now

152 W Superior St, Unit 4R

152 W Superior St
ChicagoIL60654

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.

close
View Me
100 W. Chestnut
$2,177 - $3,643
Total Monthly Price

Total Monthly Price

Base Rent
$2,177 - $3,643

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

100 W. Chestnut

100 W Chestnut StChicago, IL 60610
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour
property at 70 W Huron St

$2,200

Total Monthly Price

Total Monthly Price

Base Rent
$2,200

Total Monthly Price
$2,200

1 Bedroom, 1 Bath Condo for Rent

Available Now

70 W Huron St, Unit 12

70 W Huron St
ChicagoIL60654
property at 30 W Huron St

$2,200

Total Monthly Price

Total Monthly Price

Base Rent
$2,200

Total Monthly Price
$2,200

1 Bedroom, 1 Bath Condo for Rent

Available Now

30 W Huron St, Unit 02606

30 W Huron St
ChicagoIL60654

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.

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 $1,324. Marina City has the second lowest priced unit, which is a Studio apartment currently listed from $2,000. Here are the most affordable River North apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Gramercy Row ApartmentsStudio Floor Plan S7Studio,1BA$1,324
Marina CityFurnished StudioStudio,1BA$2,000
The Bush Temple IIM-A8Studio,1BA$2,044
Asbury PlazaConvertibleStudio,1BA$2,073
640 North WellsStudio 04AStudio,1BA$2,123
320 N. MichiganStudioStudio,1BA$2,125
100 W. Chestnut1-BR/1BA1BR,1BA$2,177
The Gallery on Wellsgastd10bStudio,1BA$2,266

Best Value Apartments for Rent in River North, IL

As of August 26, 2026 the best value apartment in the River North area is the $3.13 price per square foot 3-BR/2.5BA Model at 750 N. Rush in the in the Magnificent Mile neighborhood starting from $5,670. The second greatest value River North apartment is the Two Bedroom 1324 sq ft Model at 440 N. Wabash Ave. starting at $3,200 with a $2.42 price per square foot in the Magnificent Mile 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.
750 N. Rush3-BR/2.5BA3BR,2.5BA$3.13
440 N. Wabash Ave.Two Bedroom 1324 sq ft2BR,2BA$2.42
10 E. Ontario St.2 Bedroom2BR,2BA$2.88
545 N Dearborn St, Unit 2201545 N Dearborn St2BR,2BA$3.26
303 W Ohio St, Unit Silver Tower303 W Ohio St2BR,2BA$3.26
745 N Dearborn St745 N Dearborn St1BR,1BA$3.06
545 N Dearborn St, Unit 2201B545 N Dearborn St1BR,1BA$3.08
Chestnut PlaceBE1BR,1BA$3.65
100 W. Chestnut1-BR/1BA1BR,1BA$2.89
Asbury PlazaConvertibleStudio ,1BA$3.07

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.

Read Article
Decorative image

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

Read Article

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

Read Article
Decorative image

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.

Read Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

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 a cheap apartment in River North?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in River North is under $2,266.

What is the price of a cheap apartment in River North?

The cheapest apartment in River North is 100 W. Chestnut which is listed at $2,177, while the average apartment in River North costs $3,151.

What types of apartments are the cheapest in River North?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 18 regular apartments in River North that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in River North?

Cheap apartments in River North have an average cost of $497 which is $2,654 cheaper than the average rent for all rentals in River North.

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

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

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

Written by: Nicole Harms

When choosing a place to live, there are many things you must consider. Your employer, your shopping preferences, and even schools are all important to think about. Yet cost of living is also important to know and plan for.

decorative image for Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible article

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

Written by: Nicole Harms

I’m Nicole, you’re ApartmentHomeLiving.com Local Expert for Chicago. There’s no denying I love the Windy City. Yet there’s also no denying that rental homes in Chicago can be pricy, small, and hard to find.

decorative image for Chicago Relocation 101: Mastering Utilities, Registration, and the CTA article

Chicago Relocation 101: Mastering Utilities, Registration, and the CTA

Written by: Nicole Harms

Moving to a new city is always an exciting time, especially one as vibrant and diverse as Chicago. With world-class museums, a breathtaking lakefront, and numerous employment opportunities, there’s much to love about this city.

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

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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals   article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags   article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.