
Cheap Apartments for Rent in the Downtown Lombard Neighborhood of Lombard, IL from $1,100 (13 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Lombard area of Lombard.


Westmore Apartments

15 E Maple St, Unit na

Village Apartments

Maple Crossing Apartments

Param Apartments
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.

230 W Division St

413 N Main St, Unit 21

Parkside Apartments

Total Monthly Price
337 S Ardmore Ave, Unit 2

Iron Gate Apartments

Versailles on the Lakes Oakbrook*
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.

Total Monthly Price
28 N Main St
Downtown Lombard, Lombard, IL Local Guide

How much does it cost to rent an apartment in Downtown Lombard?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Lombard Studio Apartments | $1,820 | $1,350 | $2,635 |
| Downtown Lombard 1 Bedroom Apartments | $1,916 | $1,259 | $3,467 |
| Downtown Lombard 2 Bedroom Apartments | $2,517 | $1,459 | $5,800 |
| Downtown Lombard 3 Bedroom Apartments | $4,006 | $2,874 | $10,000+ |
| Downtown Lombard 4 Bedroom Apartments | $13,398 | $10,000 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 13 rentals with your search options within a 2 mile radius of the Downtown Lombard Neighborhood of Lombard, IL.
See all Apartments in LombardExplore Lombard
Downtown Lombard, Lombard, IL Local Guide
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Cheapest Available Downtown Lombard Apartments for Rent
 The cheapest available apartment rental in the Downtown Lombard area of Lombard, IL is a 1 Bed unit found at Parkside Apartments priced from $1,395. Iron Gate has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,440. Here are the most affordable Downtown Lombard apartments for rent in Lombard, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Parkside Apartments | 1 BED / 1.0 BATH, 700 SQ FT - RENOVATED | 1BR,1BA | $1,395 |
| Iron Gate | 1 BED / 1.0 BATH, 564 SQ FT - RENOVATED | 1BR,1BA | $1,440 |
| Versailles on the Lakes Oakbrook* | Calais - Oakbrook | Studio,1BA | $1,698 |
| International Village Lombard | A | 1BR,1BA | $1,745 |
| Park 150 Apartments | Lincoln | 1BR,1BA | $1,810 |
Best Value Apartments for Rent in Downtown Lombard, IL
As of June 12, 2026 the best value apartment in the Downtown Lombard area is the $3.26 price per square foot Kohlman Style B Model at Glenwood Station in the in the East Wheaton neighborhood starting from $4,460. The second greatest value Downtown Lombard apartment is the 2 Bedroom Model at Elite Luxury Apartments starting at $2,998 with a $2.36 price per square foot in the Downtown Villa Park neighborhood. Here is today’s list of the best values for Downtown Lombard apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Glenwood Station | Kohlman Style B | 2BR,2BA | $3.26 |
| Elite Luxury Apartments | 2 Bedroom | 2BR,2BA | $2.36 |
| Arden of Oak Brook | 2B-SS | 2BR,2BA | $2.64 |
| 28 N Main St | 28 N Main St | 2BR,1BA | $1.89 |
| Park 150 Apartments | Madison | 1BR,1BA | $2.44 |
| The 450 | A1 | 1BR,1BA | $2.95 |
| Lilac Station | Lincoln Style C | 1BR,1BA | $3.15 |
| International Village Lombard | A | 1BR,1BA | $2.30 |
| Parkside Apartments | 1 BED / 1.0 BATH, 700 SQ FT - BPC RENOVATED | 1BR,1BA | $2.07 |
| Iron Gate Apartments | 1 BED / 1.0 BATH, 564 SQ FT - RENOVATED | 1BR,1BA | $2.55 |
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 Lombard, Lombard, IL
Ranked #3
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Cheap Downtown Lombard Apartments
What is the Cheapest Studio apartment in Downtown Lombard?
Currently the most affordable Cheap Studio Apartment in Downtown Lombard is at Versailles on the Lakes Oakbrook* listed at $1,701.
How much is rent for a Cheap One Bedroom Downtown Lombard Apartment?
The lowest price for a Cheap One Bedroom Downtown Lombard Apartment is $1,395 at Parkside Apartments.
What is the lowest price for a Cheap Two Bedroom Downtown Lombard Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Lombard is starting from $1,595 at Parkside Apartments.
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

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.