Cheap Homes for Rent in Downtown Highland Park Neighborhood of Highland Park, IL from $1,500 (10 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Highland Park area of Highland Park.

701 Elm Pl

696 Elm Pl

696 Elm Pl

944 Grace
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.

2506 Green Bay Rd

1506 Glencoe Ave

701 Elm Pl

696 Elm Pl

1988 Green Bay Rd
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.
Downtown Highland Park, Highland Park, IL Local Guide

How much does it cost to rent a home in Downtown Highland Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Highland Park 2 Bedroom Homes for Rent | $2,515 | $1,800 | $3,000 |
| Downtown Highland Park 3 Bedroom Homes for Rent | $3,229 | $2,395 | $4,000 |
| Downtown Highland Park 5 Bedroom Homes for Rent | $5,725 | $5,500 | $5,950 |
Browse Homes for Rent in this Neighborhood
There are currently 10 rentals with your search options within a 2 mile radius of the Downtown Highland Park Neighborhood of Highland Park, IL.
Explore Highland Park
Downtown Highland Park, Highland Park, IL Local Guide
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Cheapest Available Downtown Highland Park Apartments for Rent
 The cheapest available apartment rental in the Downtown Highland Park area of Chicago, IL is a Studio unit found at Albion Highland Park priced from $1,695. Renaissance Place in Highland Park has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,800. Here are the most affordable Downtown Highland Park apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Albion Highland Park | S4 - West | Studio,1BA | $1,695 |
| Renaissance Place in Highland Park | 1Bed/1Bath | 1BR,1BA | $1,800 |
| Park Townhomes of Highland Park | 2BR/1.5BA | 2BR,1BA | $2,645 |
Best Value Apartments for Rent in Downtown Highland Park, IL
As of October 28, 2025 the best value apartment in the Downtown Highland Park area is the $2.67 price per square foot Interior Unit Model at Bloom Street Townhomes - 425 Bloom St in the in the Briergate Station neighborhood starting from $5,275. The second greatest value Downtown Highland Park apartment is the C16 - West Model at Albion Highland Park starting at $5,150 with a $3.57 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. |
|---|---|---|---|
| Bloom Street Townhomes - 425 Bloom St | Interior Unit | 3BR,2.5BA | $2.67 |
| Albion Highland Park | C16 - West | 2BR,2BA | $3.57 |
| HIGHPOINT Highwood Station 246 | 2 Bed 2 Bath | 2BR,2BA | $2.26 |
| Park Townhomes of Highland Park | 2BR/1.5BA | 2BR,1.5BA | $2.42 |
| Renaissance Place in Highland Park | 1Bed/1Bath | 1BR,1BA | $1.88 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read ArticleDon'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.
Read ArticleThe 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.
Read ArticleQuick 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.
Pet Friendly LifestyleDowntown Highland Park, Highland Park, IL
Ranked #4
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Frequently Asked Questions about Downtown Highland Park
What type of rentals are currently available in Downtown Highland Park?
There are currently 50 Apartments for Rent in Downtown Highland Park, IL with pricing that ranges from $1,575 to $5,450. There are also 24 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Highland Park ranging from $1,595 to $5,950.
What is the current price range for Rental Homes in Downtown Highland Park?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Highland Park ranges from $1,595 to $5,950 with an average monthly rent of $3,072.
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.

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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
