Cheap Homes for Rent in Downtown Evanston Neighborhood of Evanston, IL from $1,500 (26 Rentals)

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Search the lowest-cost Homes available for rent right now in the Downtown Evanston area of Evanston.

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.

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.

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.

Downtown Evanston, Evanston, IL Local Guide

Cheapest Available Downtown Evanston Apartments for Rent

 

The cheapest available apartment rental in the Downtown Evanston area of Chicago, IL is a Studio unit found at Evanston Neighborhood Properties priced from $1,145. Main Station Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,466. Here are the most affordable Downtown Evanston apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Evanston Neighborhood PropertiesStudioStudio,1BA$1,145
Main Station Apartments1 Bedroom Floor Plan A61BR,1BA$1,466
1500 Chicago AveStudioStudio,1BA$1,500
1000 Hinman2BR/1.0BA2BR,1BA$1,745
Tapestry StationA6Studio,1BA$1,875
Maple Grove Apartments1 Bedroom Floor Plan A21BR,1BA$1,967

Best Value Apartments for Rent in Downtown Evanston, IL

As of January 25, 2026 the best value apartment in the Downtown Evanston area is the $1.66 price per square foot 3BR/2.0BA Model at 910-916 Judson in the in the Southeast Evanston neighborhood starting from $2,445. The second greatest value Downtown Evanston apartment is the 3BR/2.0BA Model at 929 Michigan starting at $2,395 with a $1.69 price per square foot in the Southeast Evanston neighborhood. Here is today’s list of the best values for Downtown Evanston apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
910-916 Judson3BR/2.0BA3BR,2BA$1.66
929 Michigan3BR/2.0BA3BR,2BA$1.69
2030 Greenwood St2 Bedroom, 2 Bath2BR,2BA$2.21
1131 Oak Ave, Unit 1137-2E1131 Oak Ave2BR,2BA$2.50
1033 Dempster St, Unit A06C1033 Dempster St2BR,1BA$2.33
1133 Oak Ave, Unit A02C1133 Oak Ave2BR,2BA$2.50
1137 Oak Ave, Unit 366471137 Oak Ave2BR,2BA$2.50
918 Crain St, Unit GDN West918 Crain St2BR,1BA$2.44
1000 Hinman2BR/1.0BA2BR,1BA$2.14
1726 Sherman Ave, Unit 11726 Sherman Ave1BR,1BA$2.14

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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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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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.

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Pet Friendly Lifestyle
Downtown Evanston, Evanston, IL

Ranked #5

Among cities in Illinois for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Frequently Asked Questions about Downtown Evanston

What type of rentals are currently available in Downtown Evanston?

There are currently 260 Apartments for Rent in Downtown Evanston, IL with pricing that ranges from $850 to $6,700. There are also 63 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Evanston ranging from $1,575 to $7,050.

What is the current price range for Rental Homes in Downtown Evanston?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Evanston ranges from $1,575 to $7,050 with an average monthly rent of $3,495.

How much are larger Three and Four Bedroom Rentals in Downtown Evanston?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Evanston range from $2,050 to $4,950, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,295 to $5,100. Four Bedroom Single-Family rentals are also available starting from $4,600 and Four Bedroom Apartments start at $4,600.

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.

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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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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.

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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.