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Cheap Apartments for Rent in the Downtown Chicago Neighborhood of Chicago, IL from $600 (171 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Chicago area of Chicago.
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1458 W Cortez St
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1812 S Throop St
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1214 N Damen Ave
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1928 S Young Park Way
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2010 S Loomis St
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1001 N Damen Ave
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950 N Wolcott Ave
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1119 S Loomis St
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Prairie Shores
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1639 W Superior St
Chicago's Best Affordable Neighborhoods
Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms
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1052 N Milwaukee Ave
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Dearborn Plaza
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Eden Commons
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Gramercy Row Apartments
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1160 N Dearborn St, Unit S07C
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1154 N Dearborn St, Unit M07B
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2906 S Wells St
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1150 N Dearborn St, Unit M01B
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14 West Elm Apartments
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Elm 551 at Parkside
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21st Street Lofts by 3L Living
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1016 W Cullerton St, Unit 2R
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13 S Laflin St
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Dearborn North
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25 E. Delaware
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1036 N. Dearborn
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1160 N Dearborn St, Unit 406
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1816 S Bishop St
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1019 N Paulina St
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2821 S Emerald Ave, Unit 1F
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1100 North Lasalle
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1838 S May St, Unit Apt 2F
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1322 W 18th Pl, Unit 2R
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1523 W 18th St
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Presidential Towers
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The Seneca Apartments
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The Duncan
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2910 S Haynes Ct, Unit A
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Pittsfield Apartments
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915 W 32nd St
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2100 W Cullerton St
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1540 W Chestnut St, Unit 1R
Downtown Chicago, Chicago, IL Local Guide
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How much does it cost to rent an apartment in Downtown Chicago?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Downtown Chicago Studio Apartments | $2,594 | $968 | $8,000 |
Downtown Chicago 1 Bedroom Apartments | $3,259 | $1,025 | $10,000+ |
Downtown Chicago 2 Bedroom Apartments | $4,784 | $1,250 | $10,000+ |
Downtown Chicago 3 Bedroom Apartments | $6,985 | $675 | $10,000+ |
Downtown Chicago 4 Bedroom Apartments | $4,122 | $775 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 171 rentals with your search options within a 2 mile radius of the Downtown Chicago Neighborhood of Chicago, IL.
See all Apartments in ChicagoExplore Chicago
Downtown Chicago, Chicago, IL Local Guide
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Cheapest Available Downtown Chicago Apartments for Rent
 The cheapest available apartment rental in the Downtown Chicago area of Chicago, IL is a Studio unit found at Prairie Shores priced from $968. 1011 Clark has the second lowest priced unit, which is a Studio apartment currently listed from $995. Here are the most affordable Downtown Chicago apartments for rent in Chicago, IL:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Prairie Shores | Classic Studio | Studio,1BA | $968 |
1011 Clark | Clark - Studio | Studio,1BA | $995 |
McCormick | Private Bedroom in Shared 4 Bed 3 Bath (D) | 4BR,3BA | $996 |
2423 State Street | Private Bedroom in Shared 4 Bed 3 Bath - A | 4BR,3BA | $1,019 |
11 W. Division | Studio | Studio,1BA | $1,225 |
Gramercy Row Apartments | Studio Floor Plan S16 | Studio,1BA | $1,256 |
Best Value Apartments for Rent in Downtown Chicago, IL
As of March 02, 2025 the best value apartment in the Downtown Chicago area is the $1.41 price per square foot 730 N Willard Ct Model at 730 N Willard Ct, Unit M04B in the in the West Town neighborhood starting from $3,100. The second greatest value Downtown Chicago apartment is the 1503 W 19th St Model at 1503 W 19th St, Unit 1F starting at $2,595 with a $1.44 price per square foot in the University Village neighborhood. Here is today’s list of the best values for Downtown Chicago apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
730 N Willard Ct, Unit M04B | 730 N Willard Ct | 3BR,2.5BA | $1.41 |
1503 W 19th St, Unit 1F | 1503 W 19th St | 3BR,2BA | $1.44 |
1821 W Cullerton St, Unit 1 | 1821 W Cullerton St | 4BR,1.5BA | $1.47 |
903 W 19th St, Unit 3 | 903 W 19th St | 4BR,1BA | $1.39 |
511 N Hartland Ct, Unit 1N | 511 N Hartland Ct | 2BR,2BA | $1.56 |
618 W 31st St, Unit 1 | 618 W 31st St | 4BR,1.5BA | $1.07 |
2107 W Huron St, Unit G | 2107 W Huron St | 3BR,1BA | $1.57 |
Addams Coliving | Unit 410 | 4BR,4BA | $1.08 |
1643 W 19th St, Unit 2 | 1643 W 19th St | 2BR,1BA | $1.42 |
3154 S Prairie Ave, Unit G | 3154 S Prairie Ave | 3BR,2BA | $1.58 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleDowntown Chicago, Chicago, IL
Ranked #2
Among neighborhoods in Chicago, IL for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Downtown Chicago, Chicago, IL
South Loop Elementary School
Jones College Prep High School
Chicago World Language Academy
School data provided by Great Schools
Best Local Schools in Downtown Chicago, Chicago, IL
South Loop Elementary School
Jones College Prep High School
Chicago World Language Academy
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, and customized analysis for Central Chicago. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including rankings of the best places for the best proximity to parks and outdoor amenities, luxury amenities, family-friendly amenities, raising pets, transit options, in addition to floorplans, availablity, and pricing. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap Downtown Chicago Apartments
What is the Cheapest Studio apartment in Downtown Chicago?
Currently the most affordable Cheap Studio Apartment in Downtown Chicago is at Prairie Shores listed at $968.
How much is rent for a Cheap One Bedroom Downtown Chicago Apartment?
The lowest price for a Cheap One Bedroom Downtown Chicago Apartment is $1,182 at Prairie Shores.
What is the lowest price for a Cheap Two Bedroom Downtown Chicago Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Chicago is starting from $1,300 at 1912 S Throop St.
What is the most affordable Downtown Chicago Three Bedroom Apartment?
The best deal on a cheap Downtown Chicago Three Bedroom Apartment rental is at Eden Commons and starts from $1,798.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago
Written by: Nicole Harms
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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Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.
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What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.
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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.