Cheap Homes for Rent in Downers Grove, IL from $1,300 (25 Rentals)

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

property at 2200 S Stewart Ave

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350

Total Monthly Price
$1,350

1 Bedroom, 1 Bath Condo for Rent

Available Now

2200 S Stewart Ave

LombardIL60148

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 5523 E Lake Dr

$1,725

Total Monthly Price

Total Monthly Price

Base Rent
$1,725

Total Monthly Price
$1,725

1 Bedroom, 1 Bath Condo for Rent

Available Feb 27

5523 E Lake Dr, Unit D

5523 E Lake Dr
LisleIL60532

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!

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.

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 Hillcrest Apartments in the Briarcliffe Knolls neighborhood priced from $1,325. Windsor Lakes Apartment Homes in the Waterbury neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,335. Here is today’s list of the most affordable Downers Grove apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Hillcrest ApartmentsA1BR,1BA$1,325
Windsor Lakes Apartment HomesStudio - 450 sqftStudio,1BA$1,335
The Towers at Four lakesStudio/1 bathStudio,1BA$1,350
Willowbrook Apartment Homes1 Bedroom1BR,1BA$1,355
The Haven at HighlandThe Retreat1BR,1BA$1,375

Best Value Apartments for Rent in Downers Grove, IL

As of February 16, 2026 the best value apartment in the Downers Grove area is the $1.75 price per square foot Brook Model at Farmingdale Apartments in the starting from $2,202. The second greatest value Downers Grove apartment is the Stafford Model at 2200 Grace starting at $1,939 with a $1.62 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$1.75
2200 GraceStafford2BR,2BA$1.62
7461 Blackburn Ave, Unit #2017461 Blackburn Ave2BR,2BA$1.71
The Arbors of Glen EllynTwo Bedrooms Floor Plan B22BR,2BA$1.89
ReNew Westmont1x11BR,1BA$1.93
240 W Quincy St, Unit D240 W Quincy St1BR,1BA$1.78
Idyllwild ApartmentsModel 1A1BR,1BA$1.92
Forest Hill Apartments1 Bed 1 Bath - sold out1BR,1BA$1.85
The Apartment Homes at 850 Front StreetOne Bedroom1BR,1BA$1.86
Prentiss Creek at Downers Grove ApartmentsBrooklyn1BR,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.

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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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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.

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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.

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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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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 317 Apartments for Rent in Downers Grove, IL with pricing that ranges from $1,245 to $21,238. There are also 77 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downers Grove ranging from $1,350 to $5,700.

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 $1,350 to $5,700 with an average monthly rent of $3,245.

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 $1,950 to $12,433, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,300 to $5,500. Four Bedroom Single-Family rentals are also available starting from $2,449 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.

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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.

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

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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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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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.