Note: Properties with the Total Monthly Price badge include all required fees. Tap the badge for more details.
-

Bedrooms

Bathrooms

Deals & Discount Filters
All Filters

Deals & Discounts

Price Range

–

Beds & Baths

Beds

Baths

Home Type

Pet Policy

Interior & Community Amenities

Speciality Housing

Keyword Search

Cheap Apartments for Rent in Downtown Chicago

6,767 Rentals
.
  7. Building Photo - Letterman Chicago
    1 BED
    $2,175+
    2 BEDS
    $1,595+
    4 BEDS
    $1,040+
    Total Monthly Price Total Monthly Price New
    Base Rent$1,040 - $2,175
    Required Monthly FeesNone
    Total Monthly Price$1,040 - $2,175

    Letterman Chicago

    410 S Morgan St, Chicago, IL 60607
    (872) 275-2794
  19. Building Photo - 1717 S Carpenter St
    STUDIO, 1 BATH
    $1,325
    Total Monthly Price Total Monthly Price New
    Base Rent$1,325
    Required Monthly FeesNone
    Total Monthly Price$1,325

    1717 S Carpenter St Unit #2

    1717 S Carpenter St, Chicago, IL 60608
  24. Building Photo - Straits Row
    Exceptional Value
    STUDIO
    $2,299+
    2 BEDS
    $1,929+
    3 BEDS
    $1,717+
    4 BEDS
    $1,450+

    Straits Row

    633 S La Salle St, Chicago, IL 60605
    (872) 266-7622
  25. Building Photo - 55 E Erie St
    Exceptional Value
    STUDIO
    $1,470+
    1 BED
    $1,905+
    2 BEDS
    $2,935+
    3 BEDS
    $4,125+

    55 E Erie St

    55 E Erie St, Chicago, IL 60611
  29. Building Photo - 1503 W 19th St
    STUDIO, 1 BATH
    $1,500
    Total Monthly Price Total Monthly Price New
    Base Rent$1,500
    Required Monthly FeesNone
    Total Monthly Price$1,500

    1503 W 19th St Unit 3R

    1503 W 19th St, Chicago, IL 60608
  32. Building Photo - 1136 N La Salle Dr
    STUDIO, 1 BATH
    $1,600+
    1 BED, 1 BATH
    $2,200+
    Total Monthly Price Total Monthly Price New
    Base Rent$1,600 - $2,200
    Required Monthly FeesNone
    Total Monthly Price$1,600 - $2,200

    1136 N La Salle Dr

    1136 N La Salle Dr, Chicago, IL 60610
  37. Building Photo - 768 W. Jackson
    Exceptional Value
    STUDIO
    $1,635

    768 W. Jackson

    766-768 W Jackson Blvd, Chicago, IL 60661
  38. Building Photo - 240 W 24th St
    2 BEDS, 1 BATH
    $1,640+
    3 BEDS, 1 BATH
    $1,640+
    Total Monthly Price Total Monthly Price New
    Base Rent$1,640
    Required Monthly FeesNone
    Total Monthly Price$1,640

    240 W 24th St

    240 W 24th St, Chicago, IL 60616
  42. Building Photo - 1503 W 19th St
    1 BED, 1 BATH
    $1,650
    Total Monthly Price Total Monthly Price New
    Base Rent$1,650
    Required Monthly FeesNone
    Total Monthly Price$1,650

    1503 W 19th St Unit 4r

    1503 W 19th St, Chicago, IL 60608
Showing 42 of 750 results, Page 1 of 18

Chicago at a Glance

Average Rent

N/A
(All bedrooms and property types)
0

School Rating

out of 10 Rating
Learn more about
Schools in Chicago

Cheap Apartments in Downtown Chicago Neighborhood in Chicago, IL

When looking for cheap apartments in Downtown Chicago, Apartment Finder is your deal-hunting partner. Whether you’re looking for a studio, a one-bedroom, or a two-bedroom apartment, you want the best place at the right price. We have a great selection of budget-friendly apartments for rent, and we’ll show you which apartments offer the best value when compared to other apartments in Downtown Chicago.

Finding a rental that fits your budget without compromising on quality can seem like a challenge, but Apartment Finder makes it easy to discover cheap apartments with all the features you want. To find an apartment you can afford, try looking in less popular neighborhoods outside of the city center. Timing is everything when searching for rentals that are affordable, so look at different times of the day, different days of the week and (if you can wait) certain months like December through March. When you find an apartment with a great price, don’t hesitate! Cheap apartments tend to go very quickly.

Affordability doens't have to equal sacrifice. While it’s important to be flexible, you might not have to give up as much as you think. You can find a cheap apartment for rent, complete with must-have amenities such as paid utilities and an in-unit washer and dryer. Click on any of these properties to see photos and floor plans, read reviews, check out the rent calculator, and learn more about the neighborhood with information on nearby parks, shopping malls, and transit stops. With 750 cheap apartments available in Downtown Chicago, Apartment Finder is the place to find your next rental.

Top Budget-Friendly Neighborhoods in Chicago

(For 1 bedroom apartments)

Education

Data provided by GreatSchools.org 2025 © 2025. All rights reserved.

tooltips


I would like to...
0 out of 400 characters
By clicking above, you agree we may pass along your info so this property or the property’s affiliates can email, call, text, or autodial you to follow up and for any purpose. You also agree to... By clicking above, you agree we may pass along your info so this property or the property’s affiliates can email, call, text, or autodial you to follow up and for any purpose. You also agree to Apartmentfinder.com’s Privacy Statement and Terms of Service. Consent is not a condition for services. Message and data rates may apply. Read More Read Less

Submitting Request

Thank You

Your email has been sent.

Learn about our ratings.