
Cheap Homes for Rent in Downers Grove, IL from $1,400 (19 Rentals)
Search the lowest-cost Homes available for rent right now in Downers Grove.


2015 S Finley Rd, Unit 206, Unit 206

420 Walnut Creek Rd

5500 Hillcrest Ln

7413 Brookdale Dr

2015 S Finley Rd
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

7425 Brookdale Dr, Unit 108, Unit 108

5900 Oakwood Dr

6020 Oakwood Dr, Unit 4H, Unit 4H

2505 Spring St

5817 Oakwood Dr

5700 Hillcrest Ln
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.

515 N Cass Ave

363 Pembroke Ln

480 74th St

2343 Ogden Ave, Unit 1, Unit 1

2343 Ogden Ave

2840 Mitchell Dr
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.

7460 Grand Ave
Downers Grove, IL Local Guide

How much does it cost to rent a home in Downers Grove?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downers Grove 2 Bedroom Homes for Rent | $2,306 | $1,750 | $3,275 |
| Downers Grove 3 Bedroom Homes for Rent | $3,256 | $2,195 | $5,200 |
| Downers Grove 4 Bedroom Homes for Rent | $3,548 | $2,895 | $4,700 |
Browse Top Homes for Rent in Downers Grove
Explore Downers Grove
Downers Grove, IL Local Guide
- Downers Grove Neighborhoods
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Cheapest Available Downers Grove Apartments for Rent
 The cheapest available apartment rental in Downers Grove, IL is a Studio unit found at Windsor Lakes Apartment Homes in the Waterbury neighborhood priced from $1,305. Prentiss Creek at Downers Grove Apartments in the Waterbury neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,367. Here is today’s list of the most affordable Downers Grove apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Windsor Lakes Apartment Homes | Studio - 450 sqft | Studio,1BA | $1,305 |
| Prentiss Creek at Downers Grove Apartments | Brooklyn | 1BR,1BA | $1,367 |
| The Haven at Highland | The Retreat | Studio,1BA | $1,375 |
| Forest Hill Apartments | 1 Bed 1 Bath - sold out | 1BR,1BA | $1,389 |
| The Apartment Homes at 850 Front Street | One Bedroom | 1BR,1BA | $1,395 |
Best Value Apartments for Rent in Downers Grove, IL
As of May 19, 2026 the best value apartment in the Downers Grove area is the $0.18 price per square foot 2429 Spring St Model at 2429 Spring St, Unit 4306 in the in the Waterbury neighborhood starting from $1,700. The second greatest value Downers Grove apartment is the C1 Model at 2200 Grace starting at $2,504 with a $1.74 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 2429 Spring St, Unit 4306 | 2429 Spring St | 2BR,1BA | $0.18 |
| 2200 Grace | C1 | 3BR,2BA | $1.74 |
| Farmingdale Apartments | Brook | 2BR,2BA | $1.79 |
| ReNew Westmont | 1x1 | 1BR,1BA | $1.91 |
| Idyllwild Apartments | Model 1A | 1BR,1BA | $1.92 |
| Maple | 1BR/1.0BA | 1BR,1BA | $1.93 |
| Curtiss | 1BR/1.0BA | 1BR,1BA | $1.87 |
| Prentiss Creek at Downers Grove Apartments | Brooklyn | 1BR,1BA | $1.82 |
| Forest Hill Apartments | 1 Bed 1 Bath - sold out | 1BR,1BA | $1.85 |
| The Apartment Homes at 850 Front Street | One Bedroom | 1BR,1BA | $1.86 |
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 ArticleBest 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 ArticleA 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 ArticleReal 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 ArticleQuick 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.
Best Local Schools in Downers Grove, IL
Pierce Downer Elementary School
Herrick Middle School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Downers Grove, IL Rentals by Map
See the most popular apartments and homes in Downers Grove, IL
Frequently Asked Questions about Downers Grove
What type of rentals are currently available in Downers Grove?
There are currently 319 Apartments for Rent in Downers Grove, IL with pricing that ranges from $1,100 to $17,618. There are also 70 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downers Grove ranging from $1,450 to $5,200.
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 $1,450 to $5,200 with an average monthly rent of $2,698.
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 $17,603, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,195 to $5,200. Four Bedroom Single-Family rentals are also available starting from $2,895 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

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.

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.

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.

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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.