Cheap Apartments for Rent in the Downtown Wheaton Neighborhood of Wheaton, IL from $700 (16 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Wheaton area of Wheaton.

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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1041 College Ave
3 Bedroom Apartments

1041 College Ave

1041 College AveWheaton, IL 60187
Furnished
  • Smoke Free
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130 N President St
Studio to 2 Bedroom Apartments

130 N President St

130 N President StWheaton, IL 60187
  • Smoke Free
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1324 E Roosevelt Rd
1 to 2 Bedroom Apartments

1324 E Roosevelt Rd

1324 E Roosevelt RdWheaton, IL 60187
  • 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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1039 College Ave
Studio to 2 Bedroom Apartments

1039 College Ave

1039 college AveWheaton, IL 60187
  • Utilities Included
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Wheaton Park Apartments
Studio to 1 Bedroom Apartments

Wheaton Park Apartments

804-812 Crescent StWheaton, IL 60187
  • Utilities Included
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720 Crescent St
Studio to 1 Bedroom Apartments

720 Crescent St

720 Crescent StWheaton, IL 60187
  • Utilities Included
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1117 E Roosevelt Rd
1 to 2 Bedroom Apartments

1117 E Roosevelt Rd

1117 E Roosevelt RdWheaton, IL 60187
  • Utilities Included

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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Crestview
Studio Apartments

Crestview

403-407 N President StWheaton, IL 60187

Downtown Wheaton, Wheaton, IL Local Guide

Cheapest Available Downtown Wheaton Apartments for Rent

 

The cheapest available apartment rental in the Downtown Wheaton area of Wheaton, IL is a 1 Bed unit found at Wheaton Court Apartments on Crescent Street in Wheaton priced from $1,395. Prairie Path Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,495. Here are the most affordable Downtown Wheaton apartments for rent in Wheaton, IL:

Apartment ListingModel NameBed/BathPriced From
Wheaton Court Apartments on Crescent Street in Wheaton1br1ba 2nd Floor1BR,1BA$1,395
Prairie Path Apartments1BR/1BA1BR,1BA$1,495
1307 College Ave2BR2BR,1BA$1,700
ReNew Wheaton CenterSeven 911BR,1BA$1,840
Courthouse Square ApartmentsS2Studio,1BA$2,049

Best Value Apartments for Rent in Downtown Wheaton, IL

As of May 30, 2026 the best value apartment in the Downtown Wheaton area is the $3.30 price per square foot C2 Model at Courthouse Square Apartments in the in the East Wheaton neighborhood starting from $4,948. The second greatest value Downtown Wheaton apartment is the 2BR Model at 1307 College Ave starting at $1,700 with a $1.89 price per square foot in the East Wheaton neighborhood. Here is today’s list of the best values for Downtown Wheaton apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Courthouse Square ApartmentsC23BR,2BA$3.30
1307 College Ave2BR2BR,1BA$1.89
617 Delles Rd, Unit B617 Delles Rd1BR,1BA$1.89
ReNew Wheaton CenterEight 181BR,1BA$2.37
Wheaton Court Apartments on Crescent Street in Wheaton1br1ba 2nd Floor1BR,1BA$2.29
Prairie Path Apartments1BR/1BA1BR,1BA$2.49

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
Downtown Wheaton, Wheaton, IL

Ranked #8

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Cheap Downtown Wheaton Apartments

How much is rent for a Cheap One Bedroom Downtown Wheaton Apartment?

The lowest price for a Cheap One Bedroom Downtown Wheaton Apartment is $1,395 at Wheaton Court Apartments on Crescent Street in Wheaton.

What is the lowest price for a Cheap Two Bedroom Downtown Wheaton Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Downtown Wheaton is starting from $1,700 at 1307 College Ave.

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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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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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.

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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.