Cheap Homes for Rent in Old Town Chicago Neighborhood of Rock Island, IL from $600 (8 Rentals)

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Search the lowest-cost Homes 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.

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.

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

Best Value Apartments for Rent in Old Town Chicago, IL

As of April 12, 2026 the best value apartment in the Old Town Chicago area is the $0.62 price per square foot 1045 12th St Model at 1045 12th St, Unit 1045 in the in the Saukie neighborhood starting from $1,225. The second greatest value Old Town Chicago apartment is the 2900 8 1/2 Ave Model at 2900 8 1/2 Ave, Unit 21 starting at $1,100 with a $0.92 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.
1045 12th St, Unit 10451045 12th St3BR,1BA$0.62
2900 8 1/2 Ave, Unit 212900 8 1/2 Ave3BR,2BA$0.92
Davenport Bank Apartments1bd/1ba1BR,1BA$1.04
906 Charlotte St, Unit 906906 Charlotte St2BR,1BA$0.87
1206 Bridge Ave, Unit 21206 Bridge Ave2BR,1BA$1.03
627 N Division St, Unit 627 Half627 N Division St2BR,1BA$1.06
Sherwood Forest Apartments1BR/1BA1BR,1BA$1.05
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 Old Town Chicago

What type of rentals are currently available in Old Town Chicago?

There are currently 196 Apartments for Rent in Old Town Chicago, IL with pricing that ranges from $540 to $2,850. There are also 25 Single Family Homes for rent, Condos, and Townhome rentals currently available in Old Town Chicago ranging from $625 to $1,712.

What is the current price range for Rental Homes in Old Town Chicago?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Old Town Chicago ranges from $625 to $1,712 with an average monthly rent of $1,169.

How much are larger Three and Four Bedroom Rentals in Old Town Chicago?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Old Town Chicago range from $815 to $2,400, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,100 to $1,500. Four Bedroom Single-Family rentals are also available starting from $1,300 and Four Bedroom Apartments start at $930.

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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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.

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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.

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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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.