Cheap Homes for Rent in River North Neighborhood of Chicago, IL from $1,500 (108 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

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 719 N Clark St

719 N Clark St

ChicagoIL60654
property at 7 W Superior St

7 W Superior St

ChicagoIL60654
Showing Results 1-50, Page 1 of 3

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 $1,238. 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$1,238
25 E. DelawareStudioStudio,1BA$1,365
Hugo River NorthStudioStudio,1BA$1,824
Marina CityFurnished StudioStudio,1BA$1,850
55 W. ChestnutConvertible1BR,1BA$1,857
320 N. Michigan1 Bed/1 Bath1BR,1BA$1,945

Best Value Apartments for Rent in River North, IL

As of March 28, 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 Two Bedroom 07 Model at Flair Tower starting at $3,830 with a $3.13 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
Flair TowerTwo Bedroom 072BR,2BA$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
Hugo River North1B/1B1BR,1BA$3.08
311 W Illinois St, Unit FL15-ID825311 W Illinois St1BR,1BA$2.53
411 W Chicago Ave, Unit FL4-ID1029411 W Chicago Ave1BR,1BA$2.82

Frequently Asked Questions about River North

What type of rentals are currently available in River North?

There are currently 256 Apartments for Rent in River North, IL with pricing that ranges from $1,238 to $77,776. There are also 368 Single Family Homes for rent, Condos, and Townhome rentals currently available in River North ranging from $1,529 to $35,000.

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 $1,529 to $35,000 with an average monthly rent of $7,168.

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 $4,900 to $38,481, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,799 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 Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

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.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

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.