Cheap Homes for Rent in River North Neighborhood of Chicago, IL from $1,600 (75 Rentals)

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

property at 300 N State St

300 N State St

ChicagoIL60654

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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property at 313 N Canal St

313 N Canal St

ChicagoIL60606

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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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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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property at 630 N State St

630 N State St

ChicagoIL60654

Chicago's Best Affordable Neighborhoods

Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms

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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 25 E. Delaware priced from $1,475. 440 N. Wabash Ave. has the second lowest priced unit, which is a Studio apartment currently listed from $1,675. Here are the most affordable River North apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
25 E. DelawareStudioStudio,1BA$1,475
440 N. Wabash Ave.StudioStudio,1BA$1,675
Next ApartmentsS3Studio,1BA$1,956
320 N. Michigan1 Bed/1 Bath1BR,1BA$1,995
55 W. ChestnutConvertible1BR,1BA$2,036
10 E. Ontario St.1 Bedroom Corner1BR,1BA$2,050
Hugo River NorthStudioStudio,1BA$2,110
Marina CityOne Bedroom1BR,1BA$2,150

Best Value Apartments for Rent in River North, IL

As of July 30, 2025 the best value apartment in the River North area is the $2.66 price per square foot 864 N State St Model at 864 N State St, Unit 2 in the in the Magnificent Mile neighborhood starting from $4,250. The second greatest value River North apartment is the Private Bedroom in Shared 4 Bed 3 Bath Model at The 808 Cleveland starting at $1,306 with a $1.08 price per square foot in the Chicago Loop 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.
864 N State St, Unit 2864 N State St1BR,1.5BA$2.66
The 808 ClevelandPrivate Bedroom in Shared 4 Bed 3 Bath4BR,3BA$1.08
303 W Ohio St, Unit Silver Tower303 W Ohio St2BR,2BA$3.26
10 E. Ontario St.1 Bedroom1BR,1BA$2.11
21 E Chestnut1 Bed - 1 Bath1BR,1BA$3.03
West77 ApartmentsOne Bedroom One Bathroom1BR,1BA$3.03
678 N Orleans St, Unit M02B678 N Orleans StStudio ,1BA$3.13
Marina CityOne Bedroom1BR,1BA$2.97
100 West Chestnut ApartmentsConvertible1BR,1BA$3.25
440 N. Wabash Ave.StudioStudio ,1BA$3.25

Frequently Asked Questions about River North

What type of rentals are currently available in River North?

There are currently 222 Apartments for Rent in River North, IL with pricing that ranges from $1,330 to $77,776. There are also 336 Single Family Homes for rent, Condos, and Townhome rentals currently available in River North ranging from $1,600 to $22,000.

What is the current price range for Rental Homes in River North?

Today's rental pricing for Homes for Rent, Condos and Townhomes in River North ranges from $1,600 to $22,000 with an average monthly rent of $10,178.

How much are larger Three and Four Bedroom Rentals in River North?

For those who are looking for larger living arrangements, Three Bedroom Apartments in River North range from $2,220 to $38,481, while Three Bedroom Homes, Condos, and Townhomes for rent range from $4,200 to $10,764. Four Bedroom Single-Family rentals are also available starting from $6,000 and Four Bedroom Apartments start at $7,000.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago article

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.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.