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Cheap Apartments for Rent in the Old Town Neighborhood of Chicago, IL from $700 (17 Rentals)
Cheap Apartments in the Old Town area of Chicago.
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from $1,295Studio Apartment Available Jun 1
245 W North Ave, Unit 108
245 W North AveChicago, IL 60610
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from $1,3751 Bedroom Apartments Available Aug 1
1162 - 1168 N La Salle Blvd
1162-1168 N La Salle BlvdChicago, IL 60610
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Rent Specials
from $1,4072 to 3 Bedroom Apartments Contact Us For Availability
Sedgwick Apartments
414 W Goethe StChicago, IL 60610
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from $1,600Studio to 2 Bedroom Apartments Available Now
1522 N La Salle Dr
1522 N La Salle DrChicago, IL 60610
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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from $1,6291 to 2 Bedroom Apartments Available Now
Larrabee Place at Parkside of Old Town
545 W Division StChicago, IL 60610
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from $1,695Studio Apartment Available Now
1220 N La Salle Dr, Unit M02B
1220 N La Salle DrChicago, IL 60610
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from $1,892Studio to 2 Bedroom Apartments Available Now
Cobbler Square Lofts
1350 N WellsChicago, IL 60610
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from $1,896Studio to 4 Bedroom Apartments Available Now
ONE Old Town Park
1140 N Wells StChicago, IL 60610
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
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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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Showing Results 1-17, Page 1 of 1
Old Town, Chicago, IL Local Guide
How much does it cost to rent an apartment in Old Town?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Old Town Studio Apartments | $2,707 | $1,295 | $6,164 |
| Old Town 1 Bedroom Apartments | $3,360 | $1,375 | $8,500 |
| Old Town 2 Bedroom Apartments | $5,286 | $1,200 | $10,000+ |
| Old Town 3 Bedroom Apartments | $6,482 | $1,285 | $10,000+ |
| Old Town 4 Bedroom Apartments | $1,926 | $1,155 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 17 rentals with your search options within a 2 mile radius of the Old Town Neighborhood of Chicago, IL.
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Old Town, Chicago, IL Local Guide
- Nearby Chicago neighborhoods
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Cheapest Available Old Town Apartments for Rent
The cheapest available apartment rental in the Old Town area of Chicago, IL is a 1 Bed unit found at 1162 - 1168 N La Salle Blvd priced from $1,375. 1555 N Mohawk St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,400. Here are the most affordable Old Town apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1162 - 1168 N La Salle Blvd | 1 Bed 1 Bath | 1BR,1BA | $1,375 |
| 1555 N Mohawk St | 1-Bedroom | 1BR,1BA | $1,400 |
| 1522 N La Salle Dr | Studio | Studio,1BA | $1,600 |
| Larrabee Place at Parkside of Old Town | 1 Bedroom | 1BR,1BA | $1,629 |
| ONE Old Town Park | Plan S1 | Studio,1BA | $1,896 |
Best Value Apartments for Rent in Old Town, IL
As of May 04, 2025 the best value apartment in the Old Town area is the $2.40 price per square foot 407 W North Ave Model at 407 W North Ave, Unit 5E in the in the Lincoln Park neighborhood starting from $4,500. The second greatest value Old Town apartment is the 1332 N Cleveland Ave Model at 1332 N Cleveland Ave, Unit 1 starting at $4,400 with a $2.59 price per square foot in the Near North Side neighborhood. Here is today’s list of the best values for Old Town apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 407 W North Ave, Unit 5E | 407 W North Ave | 3BR,2BA | $2.40 |
| 1332 N Cleveland Ave, Unit 1 | 1332 N Cleveland Ave | 3BR,3BA | $2.59 |
| The 808 Cleveland | Private Bedroom in Shared 4 Bed 3 Bath | 4BR,3BA | $1.10 |
| 1508 N Wieland St, Unit Garden Apartment | 1508 N Wieland St | 2BR,1BA | $2.04 |
| 218 W Division St, Unit M08B | 218 W Division St | 2BR,2BA | $2.95 |
| 1221 N. LaSalle Lofts | 1x1 | 1BR,1BA | $2.45 |
| Larrabee Place at Parkside of Old Town | 1 Bedroom | 1BR,1BA | $2.28 |
| 1555 N Mohawk St | 1-Bedroom | 1BR,1BA | $2.15 |
| Cobbler Square Lofts | DS5 | Studio ,1BA | $2.99 |
| 1162 - 1168 N La Salle Blvd | 1 Bed 1 Bath | 1BR,1BA | $2.39 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleOld Town, Chicago, IL
Ranked #39
Among neighborhoods in Chicago, IL for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Getting Around the Old Town Neighborhood in Chicago, IL
Walk Score®
97 / 100
Walker’s Paradise
Daily errands do not require a car
Bike Score®
91 / 100
Biker's Paradise
Daily errands can be accomplished on a bike
Transit Score®
81 / 100
Excellent Transit
Transit is convenient for most trips
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Old Town Apartments
What is a cheap apartment in Old Town?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Old Town is under $2,239.
What is the price of a cheap apartment in Old Town?
The cheapest apartment in Old Town is 1162 - 1168 N La Salle Blvd which is listed at $1,375, while the average apartment in Old Town costs $6,223.
What types of apartments are the cheapest in Old Town?
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 44 regular apartments in Old Town 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 Old Town?
Cheap apartments in Old Town have an average cost of $711 which is $5,512 cheaper than the average rent for all rentals in Old Town.
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.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.
Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.
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.