Cheap Apartments for Rent in the Old Town Neighborhood of Chicago, IL from $700 (23 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Old Town area of Chicago.

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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1555 N Mohawk St
1 Bedroom Apartments

1555 N Mohawk St

1555 N Mohawk StChicago, IL 60610
Utilities inc.
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Montauk
Studio to 1 Bedroom Apartments

Montauk

1550 N Wieland StChicago, IL 60610
Utilities inc.
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1250 Lasalle
Studio to 2 Bedroom Apartments

1250 Lasalle

1250 N LaSalle StChicago, IL 60610

Old Town, Chicago, IL Local Guide

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 ListingModel NameBed/BathPriced From
1555 N Mohawk St1-Bedroom1BR,1BA$1,400
1522 N La Salle DrStudioStudio,1BA$1,600
Larrabee Place at Parkside of Old Town1 Bedroom1BR,1BA$1,653
ONE Old Town ParkPlan S1Studio,1BA$1,896
Sentral Michigan AvenueDeluxe LoftStudio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
1332 N Cleveland Ave, Unit 11332 N Cleveland Ave3BR,3BA$2.59
1539 N Wells St, Unit 31539 N Wells St3BR,2BA$3.20
Affinity of North Avenue2bdmktrn2BR,2BA$1.81
1214 N La Salle Dr, Unit F21214 N La Salle Dr2BR,2BA$3.04
218 W Division St, Unit M08B218 W Division St2BR,2BA$2.95
Larrabee Place at Parkside of Old Town1 Bedroom1BR,1BA$2.32
1448 N Cleveland Ave, Unit 2F1448 N Cleveland Ave1BR,1BA$2.56
1555 N Mohawk St1-Bedroom1BR,1BA$2.15
Cobbler Square LoftsDS5Studio ,1BA$2.98
1308 N La Salle Dr, Unit #GDN1308 N La Salle DrStudio ,1BA$3.08

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Pet Friendly Lifestyle
Old Town, Chicago, IL

Ranked #42

Among neighborhoods in Chicago, IL for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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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

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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