Cheap Apartments for Rent in the River North Neighborhood of Chicago, IL from $1,200 (52 Rentals)

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Search the lowest-cost Apartments available for rent right now in the River North 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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property at 77 W Huron St

77 W Huron St

ChicagoIL60654
property at 100 W Erie St

100 W Erie St

ChicagoIL60654
property at 559 W Kinzie St

559 W Kinzie St

ChicagoIL60654
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25 W Hubbard St
1 Bedroom Apartments

25 W Hubbard St

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

55 E Erie St

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

Luxury condo unit

333 N CanalChicago, IL 60606
Corporate Housing
  • Smoke Free
Showing Results 1-50, Page 1 of 2

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 Gramercy Row Apartments priced from $1,211. 25 E. Delaware has the second lowest priced unit, which is a Studio apartment currently listed from $1,365. Here are the most affordable River North apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Gramercy Row ApartmentsStudio Floor Plan S21 666 2FStudio,1BA$1,211
25 E. DelawareStudioStudio,1BA$1,365
Marina CityStudioStudio,1BA$1,650
The Bush TempleH-A3Studio,1BA$1,750
Hugo River NorthStudioStudio,1BA$1,824
55 W. ChestnutConvertible1BR,1BA$1,857

Best Value Apartments for Rent in River North, IL

As of March 23, 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 401 N Wells St Model at 401 N Wells St, Unit 1 starting at $3,496 with a $3.06 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
401 N Wells St, Unit 1401 N Wells St2BR,2BA$3.06
10 E. Ontario St.1 Bedroom1BR,1BA$2.11
440 N. Wabash Ave.1 Bedroom - 1 Bathroom1BR,1BA$2.53
2 E Erie St, Unit 27072 E Erie St1BR,1BA$3.03
30 E Huron St, Unit Apt 460130 E Huron St1BR,1BA$2.86
311 W Illinois St, Unit FL10-ID818311 W Illinois St1BR,1BA$3.16
676 N La Salle Dr, Unit FL5-ID896676 N La Salle Dr1BR,1BA$2.68
Hugo River NorthStudioStudio ,1BA$2.70
411 W Chicago Ave, Unit FL4-ID1030411 W Chicago Ave1BR,1BA$2.74

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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 $1,857.

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 $1,686, 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 37 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 $470 which is $14,530 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.

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

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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

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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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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.