
Cheap Homes for Rent in Downtown Highland Park Neighborhood of Highland Park, IL from $1,600 (10 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Highland Park area of Highland Park.


432 Elm Pl, Unit 702

650 Central, Unit 6G

1506 Glencoe Ave

432 Elm Pl, Unit 211
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.

696 Elm Pl, Unit 111

1978 Green Bay Rd

328 Green Bay Rd

47 Prairie Ave

1978 Green Bay Rd
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.
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 | $2,178 | $2,012 | $2,300 |
| Downtown Highland Park 3 Bedroom Homes for Rent | $2,200 | $2,200 | $2,200 |
| Downtown Highland Park 4 Bedroom Homes for Rent | $3,600 | $3,600 | $3,600 |
| Downtown Highland Park 5 Bedroom Homes for Rent | $5,950 | $5,950 | $5,950 |
| Downtown Highland Park 6 Bedroom Homes for Rent | $11,150 | $5,800 | $10,000+ |
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
 | Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Albion Highland Park | Ba100 - West | 2BR,1BA | $2,706 |
| Bloom Street Townhomes | Townhome (Interior - Photos of K) | 3BR,2BA | $5,500 |
Best Value Apartments for Rent in Downtown Highland Park, IL
As of May 08, 2026 the best value apartment in the Downtown Highland Park area is the $2.78 price per square foot Townhome (Interior - Photos of K) Model at Bloom Street Townhomes in the in the Briergate Station neighborhood starting from $5,500. 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. |
|---|---|---|---|
| Bloom Street Townhomes | Townhome (Interior - Photos of K) | 3BR,2.5BA | $2.78 |
| Albion Highland Park | A16 - West | 1BR,1BA | $3.37 |
| 696 Elm Pl | 696 Elm Pl | Studio ,1BA | $4.40 |
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.
Read ArticleReal 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.
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
Best Local Schools in Downtown Highland Park, Highland Park, IL
Indian Trail Elementary School
School data provided by Great Schools
Frequently Asked Questions about Downtown Highland Park
What type of rentals are currently available in Downtown Highland Park?
There are currently 52 Apartments for Rent in Downtown Highland Park, IL with pricing that ranges from $1,650 to $7,466. There are also 14 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Highland Park ranging from $1,650 to $16,500.
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 $1,650 to $16,500 with an average monthly rent of $4,122.
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

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.

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.

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.

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

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.

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.

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.

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.