Cheap Apartments for Rent in Downtown Chicago
-
Rent Special1 BED$192+2 BEDS$192+3 BEDS$192+ -
Rent SpecialTotal Monthly Price Total Monthly Price New1 BED, 1 BATH$900Base Rent$900 - $1,200Required Monthly FeesNoneTotal Monthly Price$900 - $1,2002014 S Ashland Ave
2014 S Ashland Ave, Chicago, IL 60608 -
Price Drop. $265 OffSTUDIO$2,622+1 BED$2,699+2 BEDS$1,359+3 BEDS$989+The Buckingham Student Living
59 E Van Buren St, Chicago, IL 60605 -
Exceptional Value
-
Good Value1 BED$2,175+2 BEDS$1,595+4 BEDS$1,040+Letterman Chicago
410 S Morgan St, Chicago, IL 60607 -
-
-
Rent SpecialTotal Monthly Price Total Monthly Price New1 BED, 1 BATH$1,195Base Rent$1,195Required Monthly FeesNoneTotal Monthly Price$1,1951118 W Washburne Ave Unit 301
1118 W Washburne Ave, Chicago, IL 60608 -
Price Drop. $545 OffSTUDIO$2,299+1 BED$2,599+2 BEDS$3,498+3 BEDS$5,997+
626 on the Park
626 S Wabash Ave, Chicago, IL 60605 -
4 BEDS$1,2001624 S Throop St
1624 S Throop St, Chicago, IL 60608 -
4 BEDS, 2.5 BATHS$1,2101928 S Young Pkwy Unit A
1928 S Young Pkwy, Chicago, IL 60616 -
Price Drop. $200 OffSTUDIO$1,960+2 BEDS$1,720+4 BEDS$1,220+
Tailor Lofts Student Living
315 S Peoria St, Chicago, IL 60607 -
1 BED$1,230Maple
150 W Maple St, Chicago, IL 60610 -
-
Price Drop. $238 OffSTUDIO$2,216+2 BEDS$1,827+3 BEDS$1,717+4 BEDS$1,299+
Straits Row
633 S La Salle St, Chicago, IL 60605 -
1 BED$1,300+2 BEDS$1,560+McCrory Senior Apartments
1709 W Washington Blvd, Chicago, IL 60612 -
-
Price Drop. $671 Off|STUDIO$1,305+1 BED$1,452+2 BEDS$1,741+3 BEDS$2,871+
Prairie Shores
2937 South King Dr, Chicago, IL 60616 -
Exceptional ValueSTUDIO$1,314+1 BED$1,593+2 BEDS$1,777+3 BEDS$1,955+Eden Commons
2701 S Indiana Ave, Chicago, IL 60616 -
-
STUDIO$1,345768 W. Jackson
766-768 W Jackson Blvd, Chicago, IL 60661 -
-
Exceptional Value -
Exceptional ValueSTUDIO$1,39525 E. Delaware
25 E Delaware Pl, Chicago, IL 60611 -
Exceptional ValueSTUDIO$1,395+1 BED$1,925+1036 N. Dearborn
1036 N Dearborn St, Chicago, IL 60610 -
-
Total Monthly Price Total Monthly Price New2 BEDS, 1 BATH$1,400Base Rent$1,400Required Monthly FeesNoneTotal Monthly Price$1,4001735 W 17th St Unit 2 R
1735 W 17th St, Chicago, IL 60608 -
2 BEDS, 1 BATH$1,400
1832 S May St Unit 1R
1832 S May St, Chicago, IL 60608 -
Exceptional ValueSTUDIO$2,175+1 BED$3,129+2 BEDS$4,380+3 BEDS$6,599+
The 808 Cleveland
808 N Cleveland Ave, Chicago, IL 60610 -
STUDIO$1,429+1 BED$1,705+
21st Street Lofts by 3L Living
61 E 21st St, Chicago, IL 60616 -
Total Monthly Price Total Monthly Price NewSTUDIO, 1 BATH$1,430Base Rent$1,430Required Monthly FeesNoneTotal Monthly Price$1,43061 W Erie St Unit SI FL3-ID1400
61 W Erie St, Chicago, IL 60654 -
Total Monthly Price Total Monthly Price NewSTUDIO, 1 BATH$1,434+1 BED, 1 BATH$1,978+Base Rent$1,434 - $1,978Required Monthly FeesNoneTotal Monthly Price$1,434 - $1,9781136 N La Salle Dr
1136 N La Salle Dr, Chicago, IL 60610 -
STUDIO$1,445211 E. Delaware
211 E Delaware Pl, Chicago, IL 60611 -
Exceptional ValueSTUDIO$1,470+1 BED$1,905+2 BEDS$2,935+600 N Lake Shore Dr
600 N Lake Shore Dr, Chicago, IL 60611 -
Exceptional ValueSTUDIO$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 -
Exceptional ValueSTUDIO$1,470+1 BED$1,905+2 BEDS$2,935+3 BEDS$4,125+R+D659
645-659 W Randolph St, Chicago, IL 60661 -
Exceptional ValueSTUDIO$1,475+1 BED$1,925+18 E. Elm
18 E Elm St, Chicago, IL 60611 -
1 BED, 1 BATH$1,4951901 S Ruble St
1901 S Ruble St, Chicago, IL 60616 -
2 BEDS, 1 BATH$1,500259 W Alexander St Unit 2
259 W Alexander St, Chicago, IL 60616 -
Total Monthly Price Total Monthly Price New1 BED, 1 BATH$1,500Base Rent$1,500Required Monthly FeesNoneTotal Monthly Price$1,5001439 W 17th St Unit 1R
1439 W 17th St, Chicago, IL 60608 -
Total Monthly Price Total Monthly Price NewSTUDIO, 1 BATH$1,500+1 BED, 1 BATH$1,700+Base Rent$1,500 - $1,700Required Monthly FeesNoneTotal Monthly Price$1,500 - $1,7001503 W 19th St Unit 4R
1503 W 19th St, Chicago, IL 60608 -
2 BEDS, 1 BATH$1,500
260 W 24th St Unit 2F
260 W 24th St, Chicago, IL 60616
Chicago at a Glance
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)- Neighborhoods Average Sq Ft Average Rent
- Calumet Heights 618 Sq Ft $950/mo
- Far South Chicago 613 Sq Ft $967/mo
- Avalon Park 593 Sq Ft $995/mo
- Grand Crossing 613 Sq Ft $1,002/mo
- Burnside 577 Sq Ft $1,004/mo
- Chatham 615 Sq Ft $1,012/mo
- Greater Grand Crossing 608 Sq Ft $1,024/mo
- Roseland 605 Sq Ft $1,028/mo
- Englewood 602 Sq Ft $1,064/mo
- Gresham 617 Sq Ft $1,081/mo
Education
Data provided by GreatSchools.org 2025 © 2025. All rights reserved.
Select Bedrooms
Specialty Housing
Submitting Request
Thank You
About Our Deals
Apartment Finder utilizes the industry's largest and most complete database of real-time rents and availabilities to help you find an amazing deal on your next rental.
Price Drop
Apartment communities change their rental rates often - sometimes multiple times a day. We track the changes and keep you up to date when a rental rate decreases.
Best Value
"Best value" units are located in buildings rated three stars or higher. We label apartment rentals that are priced significantly less than similar high-quality units nearby.
Rent Specials
Apartment communities regularly advertise deals for new residents. Whether it's a move-in special or a free tv, we locate the rentals that offer a little something extra when you sign your lease.
Note: Based on community-supplied data and independent market research. Subject to change without notice.