Cheap Apartments for Rent in the Old Town Chicago Neighborhood of Rock Island, IL from $400 (72 Rentals)

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

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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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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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

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

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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property at 2325 McKinley Ave

$850

Total Monthly Price

Total Monthly Price

Base Rent
$850
Total Monthly Price
$850

1 Bedroom, 1 Bath Home for Rent

Available Now

2325 McKinley Ave

DavenportIA52802
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720 E 14th St
$900 - $950
Total Monthly Price

Total Monthly Price

Base Rent
$900 - $950
Total Monthly Price
$900 - $950
2 Bedroom Apartment Available Now

720 E 14th St

720 E 14th StDavenport, IA 52803
  • Smoke Free
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2344 W 3rd St, Unit 2344
$900
Total Monthly Price

Total Monthly Price

Base Rent
$900
Total Monthly Price
$900
2 Bedroom Apartment Available Now

2344 W 3rd St, Unit 2344

2344 W 3rd StDavenport, IA 52802
Cost Per Sq.Ft.

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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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 RIVERWALK LOFTS priced from $650. Andresen Flats has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here are the most affordable Old Town Chicago apartments for rent in Rock Island, IL:

Apartment ListingModel NameBed/BathPriced From
RIVERWALK LOFTS1 Bed 1 Bath1BR,1BA$650
Andresen Flats1 Beds, 1 Baths1BR,1BA$700
Apartments on MainStudioStudio,1BA$750
Carriage Hill1BR/1.0BA1BR,1BA$775
Pershing Hill LoftsStudioStudio,1BA$818
Crescent LoftsIncome Restricted1BR,1BA$824
Christie Park Apartments1BR/1.0BA1BR,1BA$875

Best Value Apartments for Rent in Old Town Chicago, IL

As of July 25, 2026 the best value apartment in the Old Town Chicago area is the $0.35 price per square foot 2344 W 3rd St Model at 2344 W 3rd St, Unit 2344 in the in the Douglas Park neighborhood starting from $900. The second greatest value Old Town Chicago apartment is the 2900 8 1/2 Ave Model at 2900 8 1/2 Ave, Unit 22 starting at $1,200 with a $1.00 price per square foot in the Hamilton Heights 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.
2344 W 3rd St, Unit 23442344 W 3rd St2BR,2BA$0.35
2900 8 1/2 Ave, Unit 222900 8 1/2 Ave3BR,2BA$1.00
Davenport Bank Apartments1bd/1ba1BR,1BA$1.04
Bucktown Lofts1 BR/ 1 BA1BR,1BA$0.84
Halligan Coffee Company Lofts2x12BR,1BA$0.93
2111 W 6th St, Unit 21112111 W 6th St2BR,1BA$0.70
Vue at 7th2 Bedroom 1 Bathroom2BR,1BA$1.00
1529 W 6th St, Unit 15271529 W 6th St2BR,1BA$1.13
Carriage Hill1BR/1.0BA1BR,1BA$1.09
RIVERWALK LOFTS1 Bed 1 Bath1BR,1BA$0.99

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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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 #5

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 $875.

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

The cheapest apartment in Old Town Chicago is RIVERWALK LOFTS which is listed at $650, while the average apartment in Old Town Chicago costs $1,525.

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 11 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 $292 which is $1,233 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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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

Written by: Robin Stewart

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

Written by: Robin Stewart

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.