Cheap Homes for Rent in Downtown Evanston Neighborhood of Evanston, IL from $1,500 (24 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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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 Main Station Apartments priced from $1,366. 1410 Chicago has the second lowest priced unit, which is a Studio apartment currently listed from $1,445. Here are the most affordable Downtown Evanston apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Main Station ApartmentsStudio Floor Plan S1Studio,1BA$1,366
1410 ChicagoStudioStudio,1BA$1,445
1703-13 Ridge Ave.2 Bedroom - 1 Bathroom2BR,1BA$1,450
1575 OakStudioStudio,1BA$1,475
BJB Evanston - 1576 OakStudioStudio,1BA$1,495

Best Value Apartments for Rent in Downtown Evanston, IL

As of May 07, 2026 the best value apartment in the Downtown Evanston area is the $2.05 price per square foot 3 Bedroom - 2 Bathroom Model at 1615-25 Ridge Ave. in the in the Northwestern neighborhood starting from $3,150. The second greatest value Downtown Evanston apartment is the 1124 Maple Ave Model at 1124 Maple Ave, Unit 2 starting at $2,995 with a $2.00 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.
1615-25 Ridge Ave.3 Bedroom - 2 Bathroom3BR,2BA$2.05
1124 Maple Ave, Unit 21124 Maple Ave3BR,1BA$2.00
1703-13 Ridge Ave.4 Bedroom - 1.5 Bathroom4BR,1.5BA$1.77
910 Judson2BR/2.0BA2BR,2BA$1.82
312 Lee St312 Lee St2BR,1BA$2.03
2200-10 Sherman Ave.2 Bedroom - 1 Bathroom2BR,1BA$2.17
1209 Dewey Ave, Unit 2F1209 Dewey Ave2BR,1BA$1.90
1745 Brown Ave, Unit 1745 brown Unit 11745 Brown Ave2BR,1BA$2.22
1033 Dempster St, Unit A06C1033 Dempster St2BR,1BA$2.11
1627-45 Ridge Ave.2 Bedroom - 1 Bathroom2BR,1BA$2.08

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 272 Apartments for Rent in Downtown Evanston, IL with pricing that ranges from $850 to $12,100. There are also 67 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Evanston ranging from $1,595 to $14,500.

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 $1,595 to $14,500 with an average monthly rent of $5,774.

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 $2,450 to $6,025, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,995 to $6,250. 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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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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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.