Cheap Apartments for Rent in the Downtown Joliet Neighborhood of Joliet, IL from $300 (12 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Joliet area of Joliet.

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.

property at 215 N Broadway St

$1,145

Total Monthly Price

Total Monthly Price

Base Rent
$1,145

Total Monthly Price
$1,145

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

215 N Broadway St

JolietIL60435
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Senior Suites of Joliet
Studio to 1 Bedroom Apartments

Senior Suites of Joliet

215 N Ottawa StJoliet, IL 60432
Senior Living
  • Utilities Included
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Riverwest Apartments
Studio to 2 Bedroom Apartments

Riverwest Apartments

337-339 N Center StJoliet, IL 60435
  • Utilities Included

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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.

Cheapest Available Downtown Joliet Apartments for Rent

 

The cheapest available apartment rental in the Downtown Joliet area of Joliet, IL is a 1 Bed unit found at Stone Falls priced from $949. Bays Tower Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,250. Here are the most affordable Downtown Joliet apartments for rent in Joliet, IL:

Apartment ListingModel NameBed/BathPriced From
Stone FallsOne Bedroom, Base Package1BR,1BA$949
Bays Tower ApartmentsStudio1BR,1BA$1,250
The Woodlands of Crest HillCypress 31BR,1BA$1,379

Best Value Apartments for Rent in Downtown Joliet, IL

As of April 24, 2026 the best value apartment in the Downtown Joliet area is the $0.86 price per square foot 511 W Jefferson St Model at 511 W Jefferson St, Unit 3 in the in the Sunset Point neighborhood starting from $1,225. The second greatest value Downtown Joliet apartment is the Two Bedroom, Luxury Package Model at Stone Falls starting at $1,259 with a $1.38 price per square foot in the Sunset Point neighborhood. Here is today’s list of the best values for Downtown Joliet apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
511 W Jefferson St, Unit 3511 W Jefferson St3BR,1BA$0.86
Stone FallsTwo Bedroom, Luxury Package2BR,1BA$1.38
213 N Hickory St, Unit BS213 N Hickory St2BR,1BA$1.37
254 E Jackson St, Unit 2nd Floor Front254 E Jackson St2BR,1BA$1.72
835 N Broadway St, Unit 1835 N Broadway St2BR,1BA$1.61
The Woodlands of Crest HillCypress 41BR,1BA$2.32
Bays Tower ApartmentsStudio1BR,1BA$3.25

Frequently Asked Questions about Cheap Downtown Joliet Apartments

What is the price of a cheap apartment in Downtown Joliet?

The cheapest apartment in Downtown Joliet is Stone Falls which is listed at $949, while the average apartment in Downtown Joliet costs $1,649.

What types of apartments are the cheapest in Downtown Joliet?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 3 regular apartments in Downtown Joliet that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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.

Articles, How-To's, and Tips

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

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.