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from $1,193Studio to 2 Bedroom Apartments Available Now
Affinity of North Avenue
551 W North AveChicago, IL 60610
Cheap Apartments for Rent in the Old Town Neighborhood of Chicago, IL from $700 (18 Rentals)
Search the lowest-cost Apartments available for rent right now in the Old Town area of Chicago.
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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
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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
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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from $1,896Studio to 4 Bedroom Apartments Available Now
ONE Old Town Park
1140 N Wells StChicago, IL 60610
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from $1,934Studio to 2 Bedroom Apartments Available Now
Cobbler Square Lofts
1350 N WellsChicago, IL 60610
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from $2,020Studio to 2 Bedroom Apartments Available Now
Shoreham and Tides
400 E South Water StChicago, IL 60601
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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
Showing Results 1-18, 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 | $2,685 | $1,193 | $6,191 |
| Old Town 1 Bedroom Apartments | $3,394 | $1,375 | $8,685 |
| Old Town 2 Bedroom Apartments | $5,375 | $1,200 | $10,000+ |
| Old Town 3 Bedroom Apartments | $6,432 | $1,285 | $10,000+ |
| Old Town 4 Bedroom Apartments | $1,872 | $1,200 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 18 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
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- Local Counties
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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 Studio unit found at Affinity of North Avenue priced from $1,193. 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 |
|---|---|---|---|
| Affinity of North Avenue | 0x1TCrn | Studio,1BA | $1,193 |
| 1555 N Mohawk St | 1-Bedroom | 1BR,1BA | $1,400 |
| 1162 - 1168 N La Salle Blvd | 1 Bed 1 Bath | 1BR,1BA | $1,478 |
| 1522 N La Salle Dr | Studio | Studio,1BA | $1,600 |
| Larrabee Place at Parkside of Old Town | 1 Bedroom | 1BR,1BA | $1,629 |
Best Value Apartments for Rent in Old Town, IL
As of April 24, 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 |
| 1214 N La Salle Dr, Unit F5 | 1214 N La Salle Dr | 2BR,2BA | $3.00 |
| 218 W Division St, Unit M08B | 218 W Division St | 2BR,2BA | $2.95 |
| 1502 N Hudson Ave, Unit 3 | 1502 N Hudson Ave | 2BR,1BA | $3.01 |
| Larrabee Place at Parkside of Old Town | 1 Bedroom | 1BR,1BA | $2.28 |
| 1555 N Mohawk St | 1-Bedroom | 1BR,1BA | $2.15 |
| 1162 - 1168 N La Salle Blvd | 1 Bed 1 Bath | 1BR,1BA | $2.57 |
| Affinity of North Avenue | 0x1TCrn | Studio ,1BA | $2.64 |
| 245 W North Ave, Unit 108 | 245 W North Ave | Studio ,0.5BA | $2.67 |
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 $2,035.
What is the price of a cheap apartment in Old Town?
The cheapest apartment in Old Town is 1555 N Mohawk St which is listed at $1,400, 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 50 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 $743 which is $5,480 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.
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.
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.
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.