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Cheap Apartments for Rent in Downtown Chicago

5,415 Rentals
.
  1. Westhaven Park - West Haven Park II - B
    Rent Special
    Rent Special
    1 BED
    $192+
    2 BEDS
    $192+
    3 BEDS
    $192+
    4 BEDS
    $192+

    West Haven Park II - B

    1949 W Lake St, Chicago, IL 60612
  3. Building Photo - Prairie Shores
    $366 Off
    Price Drop. $366 Off
    |
    STUDIO
    $973+
    1 BED
    $1,263+
    2 BEDS
    $1,546+
    3 BEDS
    $2,817+

    Prairie Shores

    2937 South King Dr, Chicago, IL 60616
    (708) 613-8721
  4. Building Photo - 474 N Lake Shore Dr
    STUDIO, 1 BATH
    $995
    Total Monthly Price Total Monthly Price New
    Base Rent$995
    Required Monthly FeesNone
    Total Monthly Price$995

    474 N Lake Shore Dr Unit 4706

    474 N Lake Shore Dr, Chicago, IL 60611
  10. $260 Off
    Price Drop. $260 Off
    1 BED
    $2,175+
    2 BEDS
    $1,570+
    3 BEDS
    $1,109+
    4 BEDS
    $1,080+
    Total Monthly Price Total Monthly Price New
    Base Rent$1,080 - $2,195
    Utilities & EssentialsVaries
    Total Monthly Price$1,080 - $2,195

    The Letterman

    410 S Morgan St, Chicago, IL 60607
    (872) 275-2794
  12. Building Photo - 626 on the Park
    Rent Special
    Rent Special
    |
    STUDIO
    $2,299+
    2 BEDS
    $3,498+
    3 BEDS
    $5,997+
    4 BEDS
    $1,199+

    626 on the Park

    626 S Wabash Ave, Chicago, IL 60605
    (872) 324-2269
  15. Building Photo - Maple
    1 BED
    $1,230

    Maple

    150 W Maple St, Chicago, IL 60610
  18. Building Photo - 63 E Lake
    Exceptional Value
    |
    STUDIO
    $1,260+
    1 BED
    $2,183+
    2 BEDS
    $3,110+

    63 E Lake

    63 E Lake St, Chicago, IL 60601
    (872) 316-5330
  19. Building Photo - Straits Row
    $330 Off
    Price Drop. $330 Off
    STUDIO
    $2,299+
    2 BEDS
    $1,929+
    3 BEDS
    $1,499+
    4 BEDS
    $1,299+

    Straits Row

    633 S La Salle St, Chicago, IL 60605
    (872) 266-7622
  21. Building Photo - 1758 W 18th St
    1 BED, 1 BATH
    $1,300
    Total Monthly Price Total Monthly Price New
    Base Rent$1,300
    Required Monthly FeesNone
    Total Monthly Price$1,300

    1758 W 18th St

    1758 W 18th St, Chicago, IL 60608
    Apply
  23. Building Photo - Eden Commons
    Exceptional Value
    STUDIO
    $1,368+
    1 BED
    $1,673+
    2 BEDS
    $1,847+
    3 BEDS
    $1,980+

    Eden Commons

    2701 S Indiana Ave, Chicago, IL 60616
    (708) 797-6288
  29. 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
  34. Building Photo - 2345 W 24th 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

    2345 W 24th St Unit BSMT

    2345 W 24th St, Chicago, IL 60608
    Apply
  35. Building Photo - 2305 W 25th St
    2 BEDS, 1 BATH
    $1,500
    Total Monthly Price Total Monthly Price New
    Base Rent$1,500
    Required Monthly FeesNone
    Total Monthly Price$1,500

    2305 W 25th St Unit 1st Floor

    2305 W 25th St, Chicago, IL 60608
  37. Building Photo - The Oliver on LaSalle
    Rent Special
    Rent Special
    STUDIO
    $1,540+
    1 BED
    $2,050+

    The Oliver on LaSalle

    1140 N Lasalle St, Chicago, IL 60610
  41. Building Photo - 1824 S Canalport Ave
    1 BED, 1 BATH
    $1,595
    Total Monthly Price Total Monthly Price New
    Base Rent$1,595
    Required Monthly FeesNone
    Total Monthly Price$1,595

    1824 S Canalport Ave Unit 1

    1824 S Canalport Ave, Chicago, IL 60616
Showing 42 of 750 results, Page 1 of 18

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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)

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

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