Cheap Homes for Rent in Downers Grove, IL from $1,300 (18 Rentals)

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property at 8108 Waterbury Ct

8108 Waterbury Ct

WoodridgeIL60517

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.

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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.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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property at 4909 Spencer Ave

4909 Spencer Ave

LisleIL60532
Showing Results 1-18, Page 1 of 1

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 Windsor Lakes Apartment Homes in the Waterbury neighborhood priced from $1,320. 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 $1,361. Here is today’s list of the most affordable Downers Grove apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Windsor Lakes Apartment HomesStudio - 510 sqftStudio,1BA$1,320
Prentiss Creek at Downers Grove ApartmentsBrooklyn1BR,1BA$1,361
Iron Gate Apartments1 BED / 1.0 BATH, 564 SQ FT - RENOVATED1BR,1BA$1,395
The Haven at HighlandThe Retreat1BR,1BA$1,399
The Apartment Homes at 850 Front StreetOne Bedroom1BR,1BA$1,400

Best Value Apartments for Rent in Downers Grove, IL

As of July 24, 2025 the best value apartment in the Downers Grove area is the $1.73 price per square foot Berkshire Model at 2200 Grace in the in the Highland Hills neighborhood starting from $2,489. The second greatest value Downers Grove apartment is the 3x1 Model at ReNew Westmont starting at $2,310 with a $1.74 price per square foot in the Cass Lake Village 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 GraceBerkshire3BR,2BA$1.73
ReNew Westmont3x13BR,1BA$1.74
Farmingdale ApartmentsBrook2BR,2BA$1.73
Courts of the Falling Waters3 Bedroom3BR,2BA$1.85
7461 Blackburn Ave, Unit #2017461 Blackburn Ave2BR,2BA$1.71
Axis at WestmontA21BR,1BA$1.87
240 W Quincy St, Unit D240 W Quincy St1BR,1BA$1.72
Idyllwild ApartmentsModel 1A1BR,1BA$1.84
Prentiss Creek at Downers Grove ApartmentsBrooklyn1BR,1BA$1.81
The Apartment Homes at 850 Front StreetOne Bedroom1BR,1BA$1.87

Quick Rent Budget Calculator

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Frequently Asked Questions about Downers Grove

What type of rentals are currently available in Downers Grove?

There are currently 314 Apartments for Rent in Downers Grove, IL with pricing that ranges from $990 to $7,638. There are also 67 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downers Grove ranging from $1,300 to $6,500.

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 $1,300 to $6,500 with an average monthly rent of $3,147.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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 Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.