Cheap Apartments for Rent in the Old Town Chicago Neighborhood of Rock Island, IL from $400 (58 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Old Town Chicago area of Rock Island.

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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Spencer Towers
1 Bedroom Apartments

Spencer Towers

111 20th StRock Island, IL 61201
  • Utilities Included
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Coventry Apartments
1 Bedroom Apartments

Coventry Apartments

1900 6th AveRock Island, IL 61201
Senior Living
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2323-3030 31st Ave
2 Bedroom Apartments

2323-3030 31st Ave

2323-3030 31st AveRock Island, IL 61201
  • Utilities Included
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The Locks
1 to 2 Bedroom Apartments

The Locks

100 20th StRock Island, IL 61201
  • Utilities Included

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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1316 E 10th St
$695 - $725
Total Monthly Price

Total Monthly Price

Base Rent
$695 - $725
Total Monthly Price
$695 - $725
Studio to 1 Bedroom Apartment Available Now

1316 E 10th St

1316 E 10th StDavenport, IA 52803
Furnished
  • Smoke Free
property at 1603 W 10th St

$700 - $800

1 To 2 Bedroom Rentals

Available Now

1603 W 10th St

DavenportIA52804

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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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.

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Fejervary
1 Bedroom Apartments

Fejervary

124 W 13th StDavenport, IA 52803
  • Utilities Included
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The Davenport
Studio to 2 Bedroom Apartments

The Davenport

324 Main StDavenport, IA 52801
  • Utilities Included
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Kahl Lofts
Studio to 3 Bedroom Apartments

Kahl Lofts

326 W 3rd StDavenport, IA 52801
  • Utilities Included

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.

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Showing Results 1-50, Page 1 of 2

Old Town Chicago, Rock Island, IL Local Guide

Cheapest Available Old Town Chicago Apartments for Rent

 

The cheapest available apartment rental in the Old Town Chicago area of Rock Island, IL is a 1 Bed unit found at Century Woods Apartments priced from $615. RIVERWALK LOFTS has the second lowest priced unit, which is a 1 Bed apartment currently listed from $650. Here are the most affordable Old Town Chicago apartments for rent in Rock Island, IL:

Apartment ListingModel NameBed/BathPriced From
Century Woods Apartments1 BR 1 Bath1BR,1BA$615
RIVERWALK LOFTS1 Bed 1 Bath1BR,1BA$650
Apartments on MainStudioStudio,1BA$750
Carriage Hill1BR/1.0BA1BR,1BA$775
Pershing Hill LoftsStudioStudio,1BA$818
Crescent LoftsIncome Restricted1BR,1BA$824
Harrison Lofts1 Bedroom1BR,1BA$845

Best Value Apartments for Rent in Old Town Chicago, IL

As of April 25, 2026 the best value apartment in the Old Town Chicago area is the $0.65 price per square foot 915 W 14th St Model at 915 W 14th St, Unit 915 in the in the Vander Veer Park neighborhood starting from $900. The second greatest value Old Town Chicago apartment is the 1bd/1ba Model at Davenport Bank Apartments starting at $1,250 with a $1.04 price per square foot in the Vander Veer Park neighborhood. Here is today’s list of the best values for Old Town Chicago apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
915 W 14th St, Unit 915915 W 14th St3BR,1BA$0.65
Davenport Bank Apartments1bd/1ba1BR,1BA$1.04
Halligan Coffee Company Lofts2x12BR,1BA$1.00
Vue at 7th2 Bedroom 1 Bathroom2BR,1BA$1.08
906 Charlotte St, Unit 906906 Charlotte St2BR,1BA$0.87
Democrat Lofts1x11BR,1BA$1.09
627 N Division St, Unit 627 Half627 N Division St2BR,1BA$1.06
Century Woods Apartments1 BR 1 Bath1BR,1BA$0.82
Carriage Hill1BR/1.0BA1BR,1BA$1.09
RIVERWALK LOFTS1 Bed 1 Bath1BR,1BA$0.99

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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.

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Pet Friendly Lifestyle
Old Town Chicago, Rock Island, IL

Ranked #2

Among cities in Illinois for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap Old Town Chicago Apartments

What is a cheap apartment in Old Town Chicago?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Old Town Chicago is under $845.

What is the price of a cheap apartment in Old Town Chicago?

The cheapest apartment in Old Town Chicago is Century Woods Apartments which is listed at $615, while the average apartment in Old Town Chicago costs $1,472.

What types of apartments are the cheapest in Old Town Chicago?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 19 regular apartments in Old Town Chicago that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Old Town Chicago?

Cheap apartments in Old Town Chicago have an average cost of $475 which is $997 cheaper than the average rent for all rentals in Old Town Chicago.

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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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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.