Cheap Homes for Rent in Downtown Northbrook Neighborhood of Northbrook, IL from $1,600 (27 Rentals)

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Search the lowest-cost Homes available for rent right now in the Downtown Northbrook area of Northbrook.

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.

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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.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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property at 1499 Shermer Rd

$2,300

Total Monthly Price

Total Monthly Price

Base Rent
$2,300
Total Monthly Price
$2,300

2 Bedroom, 2 Bath Condo for Rent

Available Now

1499 Shermer Rd, Unit 203E

1499 Shermer Rd
NorthbrookIL60062
Showing Results 1-27, Page 1 of 1

Downtown Northbrook, Northbrook, IL Local Guide

Cheapest Available Downtown Northbrook Apartments for Rent

 

The cheapest available apartment rental in the Downtown Northbrook area of Chicago, IL is a 1 Bed unit found at Chestnut Court Apartments priced from $1,600. GlenLake Village has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,695. Here are the most affordable Downtown Northbrook apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Chestnut Court ApartmentsModel A1BR,1BA$1,600
GlenLake Village1 Bedroom 1 Bathroom1BR,1BA$1,695
Ravinia Crossing1 Bed1BR,1BA$1,950
Arrive GlenviewA11BR,1BA$2,109
Springs at Lake Cook CrossingStudio Premier SummitStudio,1BA$2,172
Terraces at Deerfield1A1BR,1BA$2,180
The Residence at the Glen Town Center1BR/1.0BA1BR,1BA$2,236
AMLI DeerfieldA31BR,1BA$2,269

Best Value Apartments for Rent in Downtown Northbrook, IL

As of July 08, 2026 the best value apartment in the Downtown Northbrook area is the $2.82 price per square foot C2 Model at PARK5 Luxury Townhomes in the in the North Northfield neighborhood starting from $5,999. The second greatest value Downtown Northbrook apartment is the Center Unit Model at Townhomes at Pointe Drive starting at $3,995 with a $2.51 price per square foot in the North Northfield neighborhood. Here is today’s list of the best values for Downtown Northbrook apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
PARK5 Luxury TownhomesC23BR,2.5BA$2.82
Townhomes at Pointe DriveCenter Unit3BR,2.5BA$2.51
TGM NorthShoreB152BR,2BA$3.03
Ravinia Crossing2 bed2BR,2BA$2.90
The Residence at the Glen Town Center1BR/1.0BA1BR,1BA$2.35
GlenLake Village2 bedroom 2 bath2BR,2BA$2.37
Woodview Apartments1 Bed/1 Bath1BR,1BA$3.05
Arrive GlenviewA11BR,1BA$2.94
725 Saint Johns Ave725 Saint Johns Ave1BR,1BA$2.71
Chestnut Court ApartmentsModel A1BR,1BA$2.67

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.

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Real 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.

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Best Local Schools in
Downtown Northbrook, Northbrook, IL

School data provided by Great Schools

Frequently Asked Questions about Downtown Northbrook

What type of rentals are currently available in Downtown Northbrook?

There are currently 69 Apartments for Rent in Downtown Northbrook, IL with pricing that ranges from $1,400 to $19,218. There are also 53 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Northbrook ranging from $1,695 to $16,500.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Northbrook ranges from $1,695 to $16,500 with an average monthly rent of $5,932.

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.

Helpful Local Expert Guides

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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago

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I’m Nicole, your ApartmentHomeLiving.com Local Expert for Chicago, IL. As a resident of the Chicago area for over 20 years, I’ve learned which neighborhoods are great and which are best avoided.

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Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

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With world-class museums lining its streets, Chicago is a place people go to learn. It’s not surprising, therefore, that it’s also home to multiple colleges and universities with national and global reputations.

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Best Neighborhoods to Rent in Near Chicago's Top Employers

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Whenever life takes me into the city, I’m always impressed with the sheer amount of industry and commerce that it holds. With all of that commerce comes a wide range of employment options.

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Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago

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From Lake Shore Drive to the O’Hare Airport, the city of Chicago is a study in diversity, resilience, and culture.

Articles, How-To's, and Tips

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

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There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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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.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

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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.