Search the lowest-cost Apartments available for rent right now in the Downtown Highland Park area of Highland Park.
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.
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.
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Highland Park Studio Apartments | $2,403 | $2,321 | $2,486 |
| Downtown Highland Park 1 Bedroom Apartments | $2,584 | $1,800 | $3,601 |
| Downtown Highland Park 2 Bedroom Apartments | $3,893 | $2,200 | $5,700 |
| Downtown Highland Park 3 Bedroom Apartments | $5,188 | $2,500 | $7,466 |
There are currently 13 rentals with your search options within a 2 mile radius of the Downtown Highland Park Neighborhood of Highland Park, IL.
See all Apartments in Highland ParkThe cheapest available apartment rental in the Downtown Highland Park area of Chicago, IL is a 2 Beds unit found at 318 Walker Ave priced from $2,200. Albion Highland Park has the second lowest priced unit, which is a Studio apartment currently listed from $2,321. Here are the most affordable Downtown Highland Park apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 318 Walker Ave | 2 Bedroom | 2BR,1BA | $2,200 |
| Albion Highland Park | V1 - West | Studio,1BA | $2,321 |
| HIGHPOINT Highwood Station 246 | 2 Bed 2 Bath | 2BR,2BA | $2,812 |
As of April 27, 2026 the best value apartment in the Downtown Highland Park area is the $2.34 price per square foot 2 Bedroom Model at 318 Walker Ave in the in the Downtown Highland Park neighborhood starting from $2,200. The second greatest value Downtown Highland Park apartment is the A16 - West Model at Albion Highland Park starting at $3,141 with a $3.37 price per square foot in the Briergate Station neighborhood. Here is today’s list of the best values for Downtown Highland Park apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 318 Walker Ave | 2 Bedroom | 2BR,1BA | $2.34 |
| Albion Highland Park | A16 - West | 1BR,1BA | $3.37 |
| 696 Elm Pl, Unit 102 | 696 Elm Pl | 1BR,1BA | $2.71 |
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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Read ArticleDiscover 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.
Read ArticleThe 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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The lowest price for a Cheap One Bedroom Downtown Highland Park Apartment is $2,496 at Albion Highland Park.
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Highland Park is starting from $2,200 at 318 Walker Ave.
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.
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