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from $1,760Studio Apartments Available Now
330 S. Wells St
330 S Wells StChicago, IL 60606
Cheap Studio Apartments for Rent in the Downtown Chicago Neighborhood of Chicago, IL from $1,105 (70 Rentals)Page 2 of 2
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from $1,785Studio Apartments Available Now
Park Michigan - 1212 S Michigan Ave
1212 S Michigan AveChicago, IL 60605
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Downtown Chicago, Chicago, IL Local Guide
How much does it cost to rent an apartment in Downtown Chicago?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
Downtown Chicago Studio Apartments | $2,669 | $1,105 | $8,000 |
| Downtown Chicago 1 Bedroom Apartments | $3,316 | $685 | $10,000+ |
| Downtown Chicago 2 Bedroom Apartments | $4,629 | $1,100 | $10,000+ |
| Downtown Chicago 3 Bedroom Apartments | $5,933 | $800 | $10,000+ |
| Downtown Chicago 4 Bedroom Apartments | $3,609 | $800 | $10,000+ |
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Frequently Asked Questions about Cheap Downtown Chicago Apartments
What is a cheap apartment in Downtown Chicago?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Chicago is under $1,313.
What is the price of a cheap apartment in Downtown Chicago?
The cheapest apartment in Downtown Chicago is Prairie Shores which is listed at $1,134, while the average apartment in Downtown Chicago costs $5,000.
What types of apartments are the cheapest in Downtown 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 170 regular apartments in Downtown 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 Downtown Chicago?
Cheap apartments in Downtown Chicago have an average cost of $332 which is $4,668 cheaper than the average rent for all rentals in Downtown Chicago.
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.
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.
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.
Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.
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.