Cheap Homes for Rent in River North Neighborhood of Chicago, IL from $1,700 (95 Rentals)

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

property at 300 N State St

300 N State St

ChicagoIL60654

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.

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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.

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property at 10 E Ontario St

10 E Ontario St

ChicagoIL60611
property at 2 E Erie St

2 E Erie St

ChicagoIL60611

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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property at 7 W Superior St

7 W Superior St

ChicagoIL60654

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 613 N Wells St

613 N Wells St

ChicagoIL60654
property at 313 N Canal St

313 N Canal St

ChicagoIL60606
Showing Results 1-50, Page 1 of 2

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

Frequently Asked Questions about River North

What type of rentals are currently available in River North?

There are currently 249 Apartments for Rent in River North, IL with pricing that ranges from $1,206 to $77,776. There are also 321 Single Family Homes for rent, Condos, and Townhome rentals currently available in River North ranging from $1,700 to $24,900.

What is the current price range for Rental Homes in River North?

Today's rental pricing for Homes for Rent, Condos and Townhomes in River North ranges from $1,700 to $24,900 with an average monthly rent of $9,531.

How much are larger Three and Four Bedroom Rentals in River North?

For those who are looking for larger living arrangements, Three Bedroom Apartments in River North range from $4,995 to $38,481, while Three Bedroom Homes, Condos, and Townhomes for rent range from $4,200 to $20,000. Four Bedroom Single-Family rentals are also available starting from $6,000 and Four Bedroom Apartments start at $7,000.

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.