Cheap Apartments for Rent in the River North Neighborhood of Chicago, IL from $1,200 (42 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Read Article

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.

Read Article

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.

Read Article
close
View Me
25 W Hubbard St
1 Bedroom Apartments

25 W Hubbard St

25 W Hubbard StChicago, IL 60654
  • Utilities Included
close
View Me
55 E Erie St
Studio to 3 Bedroom Apartments

55 E Erie St

55 E Erie StChicago, IL 60611
  • Smoke Free
close
View Me
Luxury condo unit
Studio to 3 Bedroom Apartments

Luxury condo unit

333 N CanalChicago, IL 60606
Corporate Housing
  • Smoke Free

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

Read Article
close
View Me
153 W Ohio St
Studio to 3 Bedroom Apartments

153 W Ohio St

153 W Ohio StChicago, IL 60654
  • Utilities Included
close
View Me
858 N Franklin
1 to 2 Bedroom Apartments

858 N Franklin

858 N Franklin StChicago, IL 60610
  • Utilities Included
Showing Results 1-42, Page 1 of 1

River North, Chicago, IL Local Guide

Cheapest Available River North Apartments for Rent

 

The cheapest available apartment rental in the River North area of Chicago, IL is a Studio unit found at 25 E. Delaware priced from $1,295. Gramercy Row Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,667. Here are the most affordable River North apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
25 E. DelawareStudioStudio,1BA$1,295
Gramercy Row Apartments1 Bedroom Floor Plan A3 672 2F1BR,1BA$1,667
The Bush TempleH-A13Studio,1BA$1,737
Marina CityStudioStudio,1BA$1,750
55 W. ChestnutStudioStudio,1BA$1,841
320 N. Michigan1 Bed/1 Bath1BR,1BA$1,865
10 E. Ontario St.1 Bedroom Corner1BR,1BA$2,050
West77 ApartmentsStudioStudio,1BA$2,090
Hubbard PlaceHub11Studio,1BA$2,105

Best Value Apartments for Rent in River North, IL

As of May 18, 2025 the best value apartment in the River North area is the $3.13 price per square foot Type A Model at Chestnut Row Homes in the in the Magnificent Mile neighborhood starting from $15,000. The second greatest value River North apartment is the 303 W Ohio St Model at 303 W Ohio St, Unit Silver Tower starting at $3,750 with a $3.26 price per square foot in the Magnificent Mile neighborhood. Here is today’s list of the best values for River North apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Chestnut Row HomesType A4BR,4.5BA$3.13
303 W Ohio St, Unit Silver Tower303 W Ohio St2BR,2BA$3.26
10 E. Ontario St.1 Bedroom1BR,1BA$2.11
100 West Chestnut Apartments2 Bed / 1 Bath2BR,1BA$3.32
440 N. Wabash Ave.1 Bedroom - 1 Bathroom1BR,1BA$2.53
674 N Orleans St, Unit J03P674 N Orleans St1BR,1BA$2.75
674 N Orleans St, Unit G08C674 N Orleans St1BR,1BA$2.75
674 N Orleans St, Unit 2674 N Orleans St1BR,1BA$2.75
674 N Orleans St, Unit M02H674 N Orleans St1BR,1BA$2.75
545 N Dearborn St, Unit 2201B545 N Dearborn St1BR,1BA$3.01

Quick Rent Budget Calculator

How much rent can you afford?

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.

decorative image of people with a giant lease agreement

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in cities across the United States and customized analysis for Central Chicago. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including filtering automatically for the best proximity to parks and outdoor amenities, luxury housing options, pet-friendly features, places that make kids happy, proximity to transit, walking, and biking. Find Lifestyle Search in the filter options (above). Happy Searching!

Getting Around the River North Neighborhood in Chicago, IL

Walk Score®

99 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

85 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

95 / 100

Rider’s Paradise

World-class public transportation

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 River North Apartments

What is a cheap apartment in River North?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in River North is under $2,105.

What is the price of a cheap apartment in River North?

The cheapest apartment in River North is Gramercy Row Apartments which is listed at $1,667, while the average apartment in River North costs $15,000.

What types of apartments are the cheapest in River North?

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 4 regular apartments in River North 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 River North?

Cheap apartments in River North have an average cost of $529 which is $14,471 cheaper than the average rent for all rentals in River North.

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago article

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

decorative image for Navigating the Rental Market: Tips for First-Time Renters article

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.