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Cheap Apartments for Rent in the Old Town Neighborhood of Chicago, IL from $700 (23 Rentals)
Search the lowest-cost Apartments available for rent right now in the Old Town area of Chicago.
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Sedgwick Apartments
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1522 N La Salle Dr
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343 W Schiller St, Unit FL8-ID1090
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Larrabee Place at Parkside of Old Town
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1220 N La Salle Dr, Unit M02B
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1308 N La Salle Dr, Unit #GDN
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1223 N La Salle Dr, Unit g
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Cobbler Square Lofts
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1448 N Cleveland Ave, Unit 2F
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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Shoreham and Tides
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ONE Old Town Park
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Than Tower
Old Town, Chicago, IL Local Guide
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How much does it cost to rent an apartment in Old Town?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Old Town Studio Apartments | $2,425 | $1,300 | $5,321 |
Old Town 1 Bedroom Apartments | $3,143 | $1,600 | $6,446 |
Old Town 2 Bedroom Apartments | $4,432 | $1,407 | $10,000+ |
Old Town 3 Bedroom Apartments | $5,557 | $1,224 | $10,000+ |
Old Town 4 Bedroom Apartments | $1,703 | $1,284 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 23 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
- Nearby Cities
- ZIP codes
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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 1555 N Mohawk St priced from $1,400. 1522 N La Salle Dr has the second lowest priced unit, which is a Studio apartment currently listed from $1,600. Here are the most affordable Old Town apartments for rent in Chicago, IL:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
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 | $1,653 |
ONE Old Town Park | Plan S1 | Studio,1BA | $1,896 |
Sentral Michigan Avenue | Deluxe Loft | Studio,1BA | $1,898 |
Best Value Apartments for Rent in Old Town, IL
As of February 26, 2025 the best value apartment in the Old Town area is the $2.59 price per square foot 1332 N Cleveland Ave Model at 1332 N Cleveland Ave, Unit 1 in the in the Near North Side neighborhood starting from $4,400. The second greatest value Old Town apartment is the 1539 N Wells St Model at 1539 N Wells St, Unit 3 starting at $3,995 with a $3.20 price per square foot in the Parc Chesnut 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. |
---|---|---|---|
1332 N Cleveland Ave, Unit 1 | 1332 N Cleveland Ave | 3BR,3BA | $2.59 |
1539 N Wells St, Unit 3 | 1539 N Wells St | 3BR,2BA | $3.20 |
Affinity of North Avenue | 2bdmktrn | 2BR,2BA | $1.81 |
1214 N La Salle Dr, Unit F2 | 1214 N La Salle Dr | 2BR,2BA | $3.04 |
218 W Division St, Unit M08B | 218 W Division St | 2BR,2BA | $2.95 |
Larrabee Place at Parkside of Old Town | 1 Bedroom | 1BR,1BA | $2.32 |
1448 N Cleveland Ave, Unit 2F | 1448 N Cleveland Ave | 1BR,1BA | $2.56 |
1555 N Mohawk St | 1-Bedroom | 1BR,1BA | $2.15 |
Cobbler Square Lofts | DS5 | Studio ,1BA | $2.98 |
1308 N La Salle Dr, Unit #GDN | 1308 N La Salle Dr | Studio ,1BA | $3.08 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleOld Town, Chicago, IL
Ranked #42
Among neighborhoods in Chicago, IL for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.0Pet 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 the Cheapest Studio apartment in Old Town?
Currently the most affordable Cheap Studio Apartment in Old Town is at 1522 N La Salle Dr listed at $1,600.
How much is rent for a Cheap One Bedroom Old Town Apartment?
The lowest price for a Cheap One Bedroom Old Town Apartment is $1,400 at 1555 N Mohawk St.
What is the lowest price for a Cheap Two Bedroom Old Town Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Old Town is starting from $1,808 at Larrabee Place at Parkside of Old Town.
What is the most affordable Old Town Three Bedroom Apartment?
The best deal on a cheap Old Town Three Bedroom Apartment rental is at The 808 Cleveland and starts from $4,899.
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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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.
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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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How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.