Cheap Homes for Rent in River North Neighborhood of Chicago, IL from $1,600 (150 Rentals)

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

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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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 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 27, 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

Frequently Asked Questions about River North

What type of rentals are currently available in River North?

There are currently 225 Apartments for Rent in River North, IL with pricing that ranges from $1,269 to $77,776. There are also 361 Single Family Homes for rent, Condos, and Townhome rentals currently available in River North ranging from $1,645 to $19,500.

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 $1,645 to $19,500 with an average monthly rent of $5,809.

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 $4,388 to $16,000. Four Bedroom Single-Family rentals are also available starting from $5,595 and Four Bedroom Apartments start at $1,399.

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!