Apartments for Rent in the Downtown Chicago Neighborhood of Chicago, IL Under $2,000 (287 Rentals)

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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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Downtown Chicago, Chicago, IL Local Guide

Quick Rent Budget Calculator

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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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Frequently Asked Questions about Downtown Chicago

How much are Studio apartments in Downtown Chicago?

There are currently 373 Studio Apartments in Downtown Chicago with rent ranges from $1,032 to $8,000 with an average price of $2,592.

What is the current price range for One Bedroom Downtown Chicago Apartments for rent?

Today's rental pricing for One Bedroom Apartments in Downtown Chicago ranges from $1,272 to $15,863 with an average monthly rent of $3,262.

What does renting a Two Bedroom Apartment in Downtown Chicago cost?

The monthly rent prices of Two Bedroom Apartments currently available in Downtown Chicago range from $1,250 to $24,245. Today's average rental price for Two Bedrooms here is $4,775.

How expensive are Downtown Chicago Three Bedroom Apartments?

There are currently 476 Three Bedroom Apartments listings available in Downtown Chicago on ApartmentHomeLiving.com. The pricing ranges from $675 to $38,481 - averaging $6,772 for the location.

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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Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.

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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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Real Estate Term Glossary: Your Guide to The A to Zs of Renting

Written by: Kevin Ready

Navigating the world of real estate can reveal an abundance of terminology and phrasing around the topics of renting and buying that for some may seem like a brand-new language.