Cheap Homes for Rent in Downers Grove, IL from $1,200 (24 Rentals)

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

property at 2205 Arbor Cir

$1,490

Total Monthly Price

Total Monthly Price

Base Rent
$1,490

Total Monthly Price
$1,490

1 Bedroom, 1 Bath Condo for Rent

Available Now

2205 Arbor Cir, Unit 8

2205 Arbor Cir
Downers GroveIL60515

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.

property at 2343 Ogden Ave

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800

Total Monthly Price
$1,800

2 Bedroom, 2 Bath Condo for Rent

Available Now

2343 Ogden Ave, Unit 1

2343 Ogden Ave
Downers GroveIL60515

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.

property at 629 W 65th St

$1,895

2 Bedroom Rentals

Available Now

629 W 65th St

WestmontIL60559

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.

Downers Grove, IL Local Guide

Cheapest Available Downers Grove Apartments for Rent

 

The cheapest available apartment rental in Downers Grove, IL is a Studio unit found at King Arthur Apartments in the Cass Lake Village neighborhood priced from $1,125. Windsor Lakes Apartment Homes in the Waterbury neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,305. Here is today’s list of the most affordable Downers Grove apartments for rent:

Apartment ListingModel NameBed/BathPriced From
King Arthur ApartmentsStudioStudio,1BA$1,125
Windsor Lakes Apartment HomesStudio - 510 sqftStudio,1BA$1,305
Prentiss Creek at Downers Grove ApartmentsBrooklyn1BR,1BA$1,321
The Haven at Highland ( Lombard )The RetreatStudio,1BA$1,375
Forest Hill Apartments1 Bed 1 Bath - sold out1BR,1BA$1,389

Best Value Apartments for Rent in Downers Grove, IL

As of July 03, 2026 the best value apartment in the Downers Grove area is the $1.74 price per square foot C1 Model at 2200 Grace in the in the Highland Hills neighborhood starting from $2,504. The second greatest value Downers Grove apartment is the Model K2 Model at Natural Falls Resort Apartments starting at $2,050 with a $2.02 price per square foot in the Waterbury 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.
2200 GraceC13BR,2BA$1.74
Natural Falls Resort ApartmentsModel K22BR,2BA$2.02
Prentiss Creek at Downers Grove ApartmentsCarter2BR,1BA$1.80
1441 Carriage Ln, Unit Apt 41441 Carriage Ln2BR,1BA$1.92
Dynasty Pointe Apartments2 Bedroom Gas2BR,1BA$2.15
ReNew Westmont1x11BR,1BA$1.94
Idyllwild ApartmentsModel 1A1BR,1BA$1.94
Forest Hill Apartments1 Bed 1 Bath - sold out1BR,1BA$1.85
The Apartment Homes at 850 Front StreetOne Bedroom1BR,1BA$1.86
Residences at LakesideFinley - Premium Plus1BR,1BA$2.04

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.

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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

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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

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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.

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

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Frequently Asked Questions about Downers Grove

What type of rentals are currently available in Downers Grove?

There are currently 323 Apartments for Rent in Downers Grove, IL with pricing that ranges from $1,125 to $21,979. There are also 70 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downers Grove ranging from $1,275 to $6,200.

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 $1,275 to $6,200 with an average monthly rent of $3,409.

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 $21,979, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,100 to $5,200. Four Bedroom Single-Family rentals are also available starting from $2,795 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

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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.

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.

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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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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.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.