Cheap Homes for Rent in Downers Grove, IL from $700 (24 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Homes available for rent right now in Downers Grove.

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

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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.

property at 2920 Roberts Dr

$1,799 - $1,899

2 Bedroom Rentals

Available Now

2920 Roberts Dr

WoodridgeIL60517
property at 2 Tower Ct

$1,890

2 Bedroom, 2 Bath Townhome for Rent

Available Now

2 Tower Ct

Downers GroveIL60516

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

Learn about the best things about living in Chicago from a local in the Insiders Guide to Renting in Chicago. Find your perfect Chicago apartment today!

Downers Grove, IL Local Guide

Cheapest Available Downers Grove Apartments for Rent

 

The cheapest available apartment rental in Downers Grove, IL is a 1 Bed unit found at The Arbors of Glen Ellyn in the Briarcliffe Knolls neighborhood priced from $1,258. Windsor Lakes Apartment Homes in the Waterbury neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,290. Here is today’s list of the most affordable Downers Grove apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Arbors of Glen EllynOne Bedroom Floor Plan A41BR,1BA$1,258
Windsor Lakes Apartment HomesStudio - 450 sqftStudio,1BA$1,290
The Towers at Four lakesStudio/1 bathStudio,1BA$1,365
Prentiss Creek at Downers Grove ApartmentsAmelia1BR,1BA$1,370
The Haven at HighlandThe Retreat1BR,1BA$1,375

Best Value Apartments for Rent in Downers Grove, IL

As of December 28, 2025 the best value apartment in the Downers Grove area is the $1.74 price per square foot Brook Model at Farmingdale Apartments in the starting from $2,182. The second greatest value Downers Grove apartment is the Stafford Model at 2200 Grace starting at $1,863 with a $1.55 price per square foot in the Highland Hills neighborhood. Here is today’s list of the best values for Downers Grove apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Farmingdale ApartmentsBrook2BR,2BA$1.74
2200 GraceStafford2BR,2BA$1.55
7461 Blackburn Ave, Unit #2017461 Blackburn Ave2BR,2BA$1.71
King Arthur ApartmentsTwo Bedroom2BR,1BA$1.51
112 W Burlington Ave112 W Burlington Ave2BR,1BA$1.88
33 W Naperville Rd1x11BR,1BA$1.94
ReNew Westmont1x11BR,1BA$1.68
Idyllwild ApartmentsModel 1B1BR,1BA$1.84
Maple1BR/1.0BA1BR,1BA$1.93
Forest Hill Apartments1 Bed 1 Bath - sold out1BR,1BA$1.85

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
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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

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

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Downers Grove, IL Rentals by Map

View Map
Downers Grove, IL Apartments Map
View Map
Downers Grove, IL Rental Homes Map

Frequently Asked Questions about Downers Grove

What type of rentals are currently available in Downers Grove?

There are currently 321 Apartments for Rent in Downers Grove, IL with pricing that ranges from $995 to $18,274. There are also 79 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downers Grove ranging from $790 to $5,850.

What is the current price range for Rental Homes in Downers Grove?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downers Grove ranges from $790 to $5,850 with an average monthly rent of $2,612.

How much are larger Three and Four Bedroom Rentals in Downers Grove?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downers Grove range from $2,029 to $18,095, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,150 to $5,850. Four Bedroom Single-Family rentals are also available starting from $2,950 and Four Bedroom Apartments start at $10,000.

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 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 Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago article

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.

decorative image for Best Neighborhoods to Rent in Near Chicago's Top Employers article

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.

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

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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!