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Cheap Apartments for Rent in Downtown Chicago, Chicago, IL

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  • Apartments Under $100 Apartments Under $1,000 Apartments Under $1,100 Apartments Under $1,300 Apartments Under $1,500 Apartments Under $1,600

  • Apartments Under $100

  • Only 1 unit left
    Studio $75
    1 bd $1,000
    2 bd $1,200
    Base rent
    Verified Listing

    7754 -56 S Throop St

    3.0 (2)
    1306-1310 W 78Th St, Chciago, IL 60620
    Apply online • Hardwood Floors

  • Apartments Under $1,000

  • New Units Available 25 units available
    Studio $919
    1 bd $903+
    2 bd $1,374
    Base rent
    Verified Listing

    THREE Old Town Park

    4.5 (39)
    228 W Hill Street, Chicago, IL 60610
    Apply online • Pet friendly • Fitness center
  • 1 bd $915+
    Base rent
    Verified Listing

    1168 N. LaSalle

    4.5 (8)
    1168 North Lasalle Drive, Chicago, IL 60610
    Pet friendly

  • More Rentals Near Downtown Chicago, Chicago, IL

  • Rent specials 26 units available
    Studio $986+
    1 bd $1,287+
    2 bd $1,764+
    Base rent
    Verified Listing

    Prairie Shores

    2937 S. King Drive, Chicago, IL 60616
    Apply online • Pet friendly • Fitness center

  • Apartments Under $1,100

  • Only 2 units left
    1 bd $1,000
    2 bd $1,350+
    3 bd $1,300
    Base rent
    Verified Listing

    7636 South Peoria Street

    7636-38 South Peoria Street, Chicago, IL 60620
    Apply online

  • Apartments Under $1,300

  • Rent specials New Units Available
    Ask for pricing
    Verified Listing

    868 N. Wells

    4.5 (7)
    868 N. Wells Street, Chicago, IL 60610
    Pet friendly • Fitness center • Pool

  • Apartments Under $1,500

  • Rent specials Only 2 units left
    Studio $1,424+
    Base rent
    Verified Listing

    Gramercy Row Apartments

    3.5 (13)
    660 - 678 N. Dearborn St., Chicago, IL 60654
    Apply online • Pet friendly • Parking
  • Rent specials 8 units available
    Studio $1,458+
    Base rent
    Verified Listing

    The Oliver On LaSalle

    4.5 (5)
    1140 N Lasalle Dr, Chicago, IL 60610
    Apply online • Pet friendly • Fitness center

  • More Rentals Near Downtown Chicago, Chicago, IL

  • Apartments Under $1,600

  • Studio $1,545+
    1 bd $1,705+
    2 bd $2,595+
    Base rent
    Verified Listing

    14 West Elm Apartments

    4.5 (40)
    14 West Elm Street, Chicago, IL 60610
    Apply online • Cat friendly • Fitness center
  • New Units Available
    Studio $1,692+
    1 bd $1,987+
    2 bd $3,282+
    Total monthly cost
    Verified Listing

    Presidential Towers

    555 West Madison, Chicago, IL 60661
    Pet friendly • Parking • Fitness center
  • Rent specials New Units Available
    Studio $1,707+
    1 bd $2,092+
    2 bd $3,864+
    Base rent
    Verified Listing

    1350 North Lake Shore Drive

    4.5 (25)
    1350 North Lake Shore Drive, Chicago, IL 60610
    Apply online • Pet friendly • Parking

  • More Rentals Near Downtown Chicago, Chicago, IL

  • Rent specials
    Studio $1,754+
    1 bd $2,173+
    2 bd $2,807+
    Base rent
    Verified Listing

    Park Michigan - 1212 S Michigan

    4.0 (60)
    1212 S Michigan Ave, Chicago, IL 60605
    Apply online • Pet friendly • Parking
  • Only 1 unit left
    Studio $1,795
    Base rent
    Verified Listing

    Pittsfield Apartments

    4.0 (97)
    55 East Washington St, Chicago, IL 60602
    Apply online • Pet friendly • Hardwood Floors
  • 2 bd $1,800
    Base rent
    Verified Listing

    529 Michigan

    4.0 (6)
    529-35 Michigan, Evanston, IL 606202
    Apply online • Cat friendly • Dishwasher
  • New Units Available
    Studio $1,952
    1 bd $1,800+
    Base rent
    Verified Listing

    The Rosie

    1461 S Blue Island Ave, Chicago, IL 60608
    Pet friendly • Fitness center
  • Rent specials
    Studio $1,835+
    1 bd $2,200+
    Base rent
    Verified Listing

    65 East Scott

    4.5 (66)
    65 East Scott, Chicago, IL 60610
    Apply online • Pet friendly • Parking
  • Rent specials New Units Available
    Studio $1,845+
    1 bd $2,195+
    2 bd $3,195+
    Base rent
    Verified Listing

    River North Park

    4.0 (8)
    320 W Illinois St, Chicago, IL 60654
    Apply online • Pet friendly • Laundry Facilities
  • Rent specials New Units Available
    Studio $1,865+
    1 bd $2,300+
    2 bd $2,760
    Base rent
    Verified Listing

    Axis Apartments And Lofts

    441 E. Erie St., Chicago, IL 60611
    Apply online • Pet friendly • Fitness center
  • Rent specials 23 units available
    Studio $1,947+
    1 bd $2,399+
    2 bd $3,535+
    Base rent
    Verified Listing

    Eleven40

    4.5 (15)
    1140 S Wabash Ave, Chicago, IL 60605
    Apply online • Pet friendly • Parking
  • Rent specials
    1 bd $1,998
    Base rent
    Verified Listing

    Uncommon

    3.5 (5)
    2101 S Wabash Ave, Chicago, IL 60616
    Apply online • Pet friendly • Fitness center
  • Rent specials
    1 bd $2,080+
    2 bd $2,635+
    Base rent
    Verified Listing

    777 South State

    4.0 (43)
    2 East 8Th St., Chicago, IL 60605
    Apply online • Pet friendly • Parking
  • Studio $2,186+
    1 bd $2,131+
    2 bd $3,042+
    Base rent
    Verified Listing

    Scio At The Medical District

    4.5 (40)
    901 South Ashland Avenue, Chicago, IL 60607
    Apply online • Pet friendly • Parking
  • Only 1 unit left
    2 bd $4,295
    Base rent
    Verified Listing

    10-12 W. Chestnut

    4.0 (1)
    10 W Chestnut St, Chicago, IL 60610
    Apply online • Cat friendly • Dishwasher
  • Ask for pricing
    Verified Listing

    2008 S. Wabash Ave

    2008 S Wabash Ave, Chicago, IL 60616
    Cat friendly • Parking • In unit laundry
  • 2-23-nhood
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Frequently asked questions

What is the price of a cheap apartment in Downtown Chicago, Chicago, IL?

The price range of a cheap apartment is between $1,754 and $3,704.

How many cheap rentals are available in Downtown Chicago, Chicago, IL on RentCafe?

There are 1 cheap rentals available on RentCafe. Prices and availability in Downtown Chicago, Chicago, IL were last updated on 9 Nov 2026.

What is the average size of a cheap apartment in Downtown Chicago, Chicago, IL?

The average Downtown Chicago, Chicago, IL cheap apartment size is 292 sq. ft.

What are the advantages of renting a cheap apartment in Downtown Chicago, Chicago, IL?

Cheap apartments in Downtown Chicago, Chicago, IL are usually less expensive, smaller, and easier to maintain. They also come with lower utility costs.

What are the downsides of renting a cheap apartment in Downtown Chicago, Chicago, IL?

A cheap apartment in Downtown Chicago, Chicago, IL offers little storage space and fewer amenities compared to other apartments.

Looking for a cheap apartment for rent in Downtown Chicago, Chicago, IL? With RentCafe, finding an affordable apartment in Downtown Chicago has never been easier. We feature 127 low-priced rentals directly from property managers, with rents lower than the Downtown Chicago, Chicago, IL average, which is currently $3,130. On RentCafe, Downtown Chicago rents go as low as $903/mo.