
Cheap Homes for Rent in Downtown Lombard Neighborhood of Lombard, IL from $1,400 (2 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Lombard area of Lombard.

The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

42 N Park Ave
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
Downtown Lombard, Lombard, IL Local Guide

How much does it cost to rent a home in Downtown Lombard?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Downtown Lombard 2 Bedroom Homes for Rent | $2,095 | $2,095 | $2,095 |
Downtown Lombard 3 Bedroom Homes for Rent | $3,495 | $3,495 | $3,495 |
Browse Homes for Rent in this Neighborhood
There are currently 2 rentals with your search options within a 2 mile radius of the Downtown Lombard Neighborhood of Lombard, IL.
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Downtown Lombard, Lombard, IL Local Guide
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Best Value Apartments for Rent in Downtown Lombard, IL
As of May 28, 2025 the best value apartment in the Downtown Lombard area is the $1.80 price per square foot Berkshire Model at 2200 Grace in the in the Highland Hills neighborhood starting from $2,593. The second greatest value Downtown Lombard apartment is the Madison Model at Park 150 Apartments starting at $1,965 with a $2.31 price per square foot in the Addison Industrial District 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. |
---|---|---|---|
2200 Grace | Berkshire | 3BR,2BA | $1.80 |
Park 150 Apartments | Madison | 1BR,1BA | $2.31 |
Glenwood Station | Betts Furnished Apartment | 1BR,1BA | $5.17 |
Gentry Manor Apartments | 1 Bed | 1BR,1BA | $1.99 |
Ovaltine Court | Garden 698 SF | 1BR,1BA | $3.00 |
Lilac Station | Lilacia Furnished Executive Guest Suite | 1BR,1BA | $5.48 |
230 W Division St | 1 Bed 1 Bath | 1BR,1BA | $1.69 |
Versailles on the Lakes Oakbrook* | Calais - Oakbrook | Studio ,1BA | $3.18 |
Quick 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.
Frequently Asked Questions about Downtown Lombard
What type of rentals are currently available in Downtown Lombard?
There are currently 35 Apartments for Rent in Downtown Lombard, IL with pricing that ranges from $1,195 to $8,312. There are also 4 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Lombard ranging from $1,400 to $3,495.
What is the current price range for Rental Homes in Downtown Lombard?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Lombard ranges from $1,400 to $3,495 with an average monthly rent of $2,413.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.