
Homes for Rent in Downtown Chicago Neighborhood of Chicago, IL Under $1,500 (44 Rentals)


1118 W Washburne Ave, Unit 301

813 S Laflin St

Private bedroom in 3 bed/2 bath Home

Private bedroom in 3 bed/1 bath Home

Private bedroom in 4 bed/2.5 bath Home

Private bedroom in 5 bed/3 bath Home

Private bedroom in 5 bed/3 bath Home

Private bedroom in 4 bed/2 bath Home

Private bedroom in 5 bed/3 bath Home
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

Private bedroom in 5 bed/3 bath Home

Private bedroom in 3 bed/2 bath Home

Private bedroom in 5 bed/3 bath Home

Private bedroom in 3 bed/1 bath Home

Private bedroom in 3 bed/1 bath Home

Private bedroom in 4 bed/1 bath Home

Private bedroom in 4 bed/2.5 bath Home

Private bedroom in 4 bed/2 bath Home

Private bedroom in 4 bed/2 bath Home

Private bedroom in 4 bed/1 bath Home

Private bedroom in 3 bed/2 bath Home

Private bedroom in 3 bed/1 bath Home

Private bedroom in 4 bed/1 bath Home

Private bedroom in 4 bed/2 bath Home

Private bedroom in 4 bed/2 bath Home

1820 S Allport St

1458 W Cortez St

1903 S Blue Island Ave

921 S Bishop St

3006 S Wells St

460 W 28th Pl

1533 W 17th St

1025 W Cullerton St

1532 W 18th Pl

640 S Federal St

2109 W 18th St

915 W 32nd St

345 E Eastgate Pl

1164 N Dearborn St

2901 S Michigan Ave

2028 W Coulter St

2812 S Throop St

2109 W Cullerton St

21 E Division St
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 | $3,392 | $1,250 | $8,146 |
Downtown Chicago 3 Bedroom Homes for Rent | $5,186 | $1,400 | $10,000+ |
Downtown Chicago 4 Bedroom Homes for Rent | $8,395 | $2,500 | $10,000+ |
Downtown Chicago 5 Bedroom Homes for Rent | $9,400 | $7,500 | $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 44 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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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.
Frequently Asked Questions about Downtown Chicago
What type of rentals are currently available in Downtown Chicago?
There are currently 2357 Apartments for Rent in Downtown Chicago, IL with pricing that ranges from $685 to $77,776. There are also 1486 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Chicago ranging from $900 to $30,000.
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 $900 to $30,000 with an average monthly rent of $6,191.
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 $800 to $38,481, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,400 to $30,000. Four Bedroom Single-Family rentals are also available starting from $2,500 and Four Bedroom Apartments start at $750.
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.

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.

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.