Cheap Homes for Rent in Downtown Joliet Neighborhood of Joliet, IL from $1,000 (5 Rentals)

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Search the lowest-cost Homes 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 111 N Center St

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250

Total Monthly Price
$1,250

1 Bedroom, 1 Bath Condo for Rent

Available Now

111 N Center St, Unit 2R, Unit 2R

111 N Center St
JolietIL60435
property at 463 S Ottawa St

$1,295

Total Monthly Price

Total Monthly Price

Base Rent
$1,295

Total Monthly Price
$1,295

2 Bedroom, 1 Bath Home for Rent

Available Now

463 S Ottawa St

JolietIL60436

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.

property at 109 N Center St

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500

2 Bedroom, 1 Bath Condo for Rent

Available Now

109 N Center St, Unit G, Unit G

109 N Center St
JolietIL60435

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$1,384

Best Value Apartments for Rent in Downtown Joliet, IL

As of May 05, 2026 the best value apartment in the Downtown Joliet area is the $1.38 price per square foot Two Bedroom, Luxury Package Model at Stone Falls in the in the Sunset Point neighborhood starting from $1,259. The second greatest value Downtown Joliet apartment is the 213 N Hickory St Model at 213 N Hickory St, Unit BS starting at $1,095 with a $1.37 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.
Stone FallsTwo Bedroom, Luxury Package2BR,1BA$1.38
213 N Hickory St, Unit BS213 N Hickory St2BR,1BA$1.37
The Woodlands of Crest HillCypress 41BR,1BA$2.33
Bays Tower ApartmentsStudio1BR,1BA$3.25

Frequently Asked Questions about Downtown Joliet

What type of rentals are currently available in Downtown Joliet?

There are currently 40 Apartments for Rent in Downtown Joliet, IL with pricing that ranges from $895 to $2,233. There are also 8 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Joliet ranging from $1,045 to $2,400.

What is the current price range for Rental Homes in Downtown Joliet?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Joliet ranges from $1,045 to $2,400 with an average monthly rent of $1,642.

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

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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.

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.