
Cheap Homes for Rent in Downtown Chicago Neighborhood of Chicago, IL from $600 (149 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Chicago area of Chicago.


2010 S Loomis St

1214 N Damen Ave

1945 W Cermak Rd

1812 S Throop St

950 N Wolcott Ave

1118 W Washburne Ave, Unit 301

1928 S Young Pkwy

1639 W Superior St

1119 S Loomis 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

1052 N Milwaukee Ave

2851 S King Dr

2812 S Throop St

2028 W Coulter St

2901 S Michigan Ave

3001 S Michigan Ave, Unit 2204

1160 N Dearborn St, Unit #216

345 E Eastgate Pl

1655 W Division St

968 W 19th St

640 S Federal St

1100 N La Salle Dr

1533 W 17th St

915 W 32nd St

1164 N Dearborn St

330 N Jefferson St

1725 W 18th Pl

1100 W Taylor St

925 S Laflin St

2011 W Cullerton St

1729 W 16th St

1742 W Cullerton St

2021 Thomas

3145 S May St, Unit 1R

821 N Hermitage Ave

2025 W Coulter St

1312 S Wabash Ave

535 N Michigan Ave, Unit 407

30 E Roosevelt Rd

535 N Michigan Ave

1160 S Michigan Ave, Unit 1606

47 E Lake St

830 N Milwaukee Ave

1941 W 21st Pl

1711 S Laflin St

1653 S Throop St, Unit 2R

1653 S Throop St, Unit 2R

720 S Clark St, Unit 203

1653 S Throop St

1171 S Michigan Ave
Downtown Chicago, Chicago, IL Local Guide

How much does it cost to rent a home in Downtown Chicago?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Downtown Chicago 2 Bedroom Homes for Rent | $3,370 | $1,250 | $8,146 |
Downtown Chicago 3 Bedroom Homes for Rent | $4,960 | $650 | $10,000+ |
Downtown Chicago 4 Bedroom Homes for Rent | $7,775 | $700 | $10,000+ |
Downtown Chicago 5 Bedroom Homes for Rent | $8,001 | $1,010 | $10,000+ |
Downtown Chicago 6 Bedroom Homes for Rent | $12,500 | $10,000 | $10,000+ |
Browse Homes for Rent in this Neighborhood
There are currently 149 rentals with your search options within a 2 mile radius of the Downtown Chicago Neighborhood of Chicago, IL.
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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 4 Beds unit found at McCormick priced from $981. 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 |
---|---|---|---|
McCormick | Private Bedroom in Shared 4 Bed 3 Bath (B) | 4BR,3BA | $981 |
1011 Clark | Clark - Studio | Studio,1BA | $995 |
Prairie Shores | Classic Studio | Studio,1BA | $1,059 |
The Rosie | A2 - 60% AMI ARO | Studio,1BA | $1,147 |
Gramercy Row Apartments | Studio Floor Plan S21 666 2F | Studio,1BA | $1,215 |
11 W. Division | Studio | Studio,1BA | $1,245 |
768 W. Jackson | Studio | Studio,1BA | $1,295 |
1036 N. Dearborn | Studio | Studio,1BA | $1,295 |
1912 S Throop St | 2 Bed/1.5 Bath | 2BR,1BA | $1,300 |
Elm 551 at Parkside | Studio | Studio,1BA | $1,313 |
Best Value Apartments for Rent in Downtown Chicago, IL
As of March 22, 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 1753 W Chicago Ave Model at 1753 W Chicago Ave, Unit M04B starting at $3,450 with a $1.73 price per square foot in the West Town 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 |
1753 W Chicago Ave, Unit M04B | 1753 W Chicago Ave | 3BR,2BA | $1.73 |
858 N Paulina St, Unit 1 | 858 N Paulina St | 2BR,2BA | $1.83 |
903 W 19th St, Unit 3 | 903 W 19th St | 4BR,1BA | $1.39 |
2141 W Superior St, Unit J01P | 2141 W Superior St | 3BR,1BA | $1.79 |
240 W 24th St, Unit Coach House | 240 W 24th St | 2BR,1.5BA | $1.67 |
1234 S Michigan Ave, Unit 1310 | 1234 S Michigan Ave | 1BR,1BA | $1.85 |
1112 N Marshfield Ave, Unit M02B | 1112 N Marshfield Ave | 2BR,1BA | $1.80 |
1827 S Racine Ave, Unit 2R | 1827 S Racine Ave | 1BR,1BA | $1.75 |
1044 W 18th St, Unit 3M | 1044 W 18th St | 2BR,1BA | $1.73 |
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Frequently Asked Questions about Downtown Chicago
What type of rentals are currently available in Downtown Chicago?
There are currently 2382 Apartments for Rent in Downtown Chicago, IL with pricing that ranges from $981 to $77,776. There are also 1642 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Chicago ranging from $650 to $35,000.
What is the current price range for Rental Homes in Downtown Chicago?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Chicago ranges from $650 to $35,000 with an average monthly rent of $5,860.
How much are larger Three and Four Bedroom Rentals in Downtown Chicago?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Chicago range from $1,695 to $38,481, while Three Bedroom Homes, Condos, and Townhomes for rent range from $650 to $30,000. Four Bedroom Single-Family rentals are also available starting from $700 and Four Bedroom Apartments start at $981.
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.

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.

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.

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.