Cheap Homes for Rent in Downtown Evanston Neighborhood of Evanston, IL from $1,200 (44 Rentals)

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

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.

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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.

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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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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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property at 1516 Hinman Ave

$2,095 - $2,400

1 To 2 Bedroom Rentals

Available Now

1516 Hinman Ave

EvanstonIL60201

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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property at 1927 Sherman Ave

$2,200

Total Monthly Price

Total Monthly Price

Base Rent
$2,200
Total Monthly Price
$2,200

2 Bedroom, 1 Bath Condo for Rent

Available Now

1927 Sherman Ave, Unit #3

1927 Sherman Ave
EvanstonIL60201
Showing Results 1-44, Page 1 of 1

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 1 Bed unit found at 1627-45 Ridge Ave. priced from $1,315. 1410 Chicago has the second lowest priced unit, which is a Studio apartment currently listed from $1,395. Here are the most affordable Downtown Evanston apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
1627-45 Ridge Ave.1 Bedroom - 1 Bathroom1BR,1BA$1,315
1410 ChicagoStudioStudio,1BA$1,395
1703-13 Ridge Ave.2 Bedroom - 1 Bathroom2BR,1BA$1,450
Evanston Neighborhood PropertiesStudioStudio,1BA$1,595
Main Station Apartments1 Bedroom Floor Plan A11BR,1BA$1,631
1575 Oak1 Bedroom / 1 Bathroom1BR,1BA$1,725
Maple Grove ApartmentsStudio Floor Plan S1Studio,1BA$1,737
620 Church St1BR1BR,1BA$1,825
1000 Hinman2BR/1.0BA2BR,1BA$1,895

Best Value Apartments for Rent in Downtown Evanston, IL

As of June 22, 2026 the best value apartment in the Downtown Evanston area is the $0.27 price per square foot 1117 Foster St Model at 1117 Foster St in the in the Northwestern neighborhood starting from $750. The second greatest value Downtown Evanston apartment is the 3 Bedroom - 2 Bathroom Model at 1615-25 Ridge Ave. starting at $3,150 with a $2.05 price per square foot in the Northwestern 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.
1117 Foster St1117 Foster St6BR,3BA$0.27
1615-25 Ridge Ave.3 Bedroom - 2 Bathroom3BR,2BA$2.05
1703-13 Ridge Ave.4 Bedroom - 1.5 Bathroom4BR,1.5BA$1.77
1032 Maple Ave, Unit 21032 Maple Ave3BR,1BA$2.29
1132 Maple Ave, Unit #2 - 3 Bed1132 Maple Ave3BR,1BA$2.61
2200-10 Sherman Ave.2 Bedroom - 1 Bathroom2BR,1BA$2.17
1500 Chicago Ave2 Bed 1 Bath2BR,1BA$2.45
517 Hamilton St, Unit 1517 Hamilton St2BR,1BA$2.30
1000 Hinman2BR/1.0BA2BR,1BA$2.33
1627-45 Ridge Ave.1 Bedroom - 1 Bathroom1BR,1BA$1.88

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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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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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

4.0
Pet Friendly

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Best Local Schools in
Downtown Evanston, Evanston, IL

School data provided by Great Schools

Frequently Asked Questions about Downtown Evanston

What type of rentals are currently available in Downtown Evanston?

There are currently 273 Apartments for Rent in Downtown Evanston, IL with pricing that ranges from $750 to $11,200. There are also 124 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Evanston ranging from $1,250 to $11,900.

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 $1,250 to $11,900 with an average monthly rent of $5,265.

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 $2,395 to $6,437, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,395 to $6,350. Four Bedroom Single-Family rentals are also available starting from $4,400 and Four Bedroom Apartments start at $2,295.

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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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

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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.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

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Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.