
Cheap Homes for Rent in Downtown Joliet Neighborhood of Joliet, IL from $1,000 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Joliet area of Joliet.


26 N Broadway St, Unit 1S, Unit 1S
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.

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

463 S Ottawa St
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.

109 N Center St, Unit G, Unit G
Downtown Joliet, Joliet, IL Local Guide

How much does it cost to rent a home in Downtown Joliet?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Joliet 2 Bedroom Homes for Rent | $1,397 | $1,295 | $1,500 |
| Downtown Joliet 3 Bedroom Homes for Rent | $2,400 | $2,400 | $2,400 |
Browse Homes for Rent in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the Downtown Joliet Neighborhood of Joliet, IL.
Explore Joliet
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Stone Falls | One Bedroom, Base Package | 1BR,1BA | $949 |
| Bays Tower Apartments | Studio | 1BR,1BA | $1,250 |
| The Woodlands of Crest Hill | Cypress 3 | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Stone Falls | Two Bedroom, Luxury Package | 2BR,1BA | $1.38 |
| 213 N Hickory St, Unit BS | 213 N Hickory St | 2BR,1BA | $1.37 |
| The Woodlands of Crest Hill | Cypress 4 | 1BR,1BA | $2.33 |
| Bays Tower Apartments | Studio | 1BR,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

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.