| STUDIO | $1,908+ |
| 1 BED | $2,051+ |
| 2 BEDS | $3,732+ |
| STUDIO | $1,772+ |
| 1 BED | $1,807+ |
| 2 BEDS | $2,927+ |
| STUDIO | $1,450 |
| 1 BED | Ask for Pricing |
| 2 BEDS | Ask for Pricing |
| STUDIO | $2,325+ |
| 1 BED | $2,634+ |
| 2 BEDS | $3,498+ |
| STUDIO | $2,125+ |
| 1 BED | $2,300+ |
| 2 BEDS | $3,349+ |
| STUDIO | Ask for Pricing |
| 1 BED | Ask for Pricing |
| 2 BEDS | Ask for Pricing |
| STUDIO | $2,160+ |
| 1 BED | $2,624+ |
| 2 BEDS | $3,558+ |
| STUDIO | Ask for Pricing |
| 1 BED | Ask for Pricing |
| 2 BEDS | Ask for Pricing |
| STUDIO | $1,775 |
| 1 BED | $1,750 |
| 2 BEDS | $2,360+ |
Rental prices in Downtown Chicago, Chicago, IL have increased by 3.63% over the past year. The average rent moved from $3,213 to $3,329.
Check out the average rent in Chicago.
The national average price of rental apartments is $1,750, while the average monthly rent in Downtown Chicago, Chicago, IL is $3,329.
The average monthly rent for an apartment in Downtown Chicago, Chicago, IL is around $3,329.
A share of 9% of apartments in Downtown Chicago, Chicago, IL have the cheapest rents between $1,501-$2,000. Around 32% of rentals are > $3,000. Around 37% of Downtown Chicago's apartments have monthly rents between $2,001-$2,500. There are 23% of apartments with rents between $2,501-$3,000.
The largest share of rentals in Downtown Chicago, Chicago, IL (37%) fall between $2,001-$2,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Prices and availability in Downtown Chicago, Chicago, IL were last updated on 18 Nov 2025.
The best apartments in Downtown Chicago, Chicago, IL are: ELEVEN THIRTY, Park Michigan - 1212 S Michigan Ave, Pittsfield Apartments, Sentral Michigan Avenue and 1128 S Michigan Ave, Unit 1002.
The average rent in Downtown Chicago, Chicago, IL is $2,566.
The price range for a studio apartment in Downtown Chicago, Chicago, IL is between $1,450 and $6,038.
The price range for a 1-bedroom apartment in Downtown Chicago, Chicago, IL is between $1,450 and $8,668.
The price range for a 2-bedroom apartment in Downtown Chicago, Chicago, IL is between $1,450 and $10,905.
In Downtown Chicago, 61% of the residents are renting compared to 39% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 84% of Downtown Chicago’s rentals, 15% are small-scale complexes with under 50 units, and 0.8% are single-family rentals.
Situated in the heart of the Windy City, downtown Chicago attracts renters with its friendly community, world-class shopping, fine dining experiences, lively events, and an array of things to do and see year-round. And, as Chicago's premier commercial district, renters will be close to world-class shopping options, entertainment venues, cultural facilities and corporations. Bordering Lake Michigan and home to the renowned Grant Park, renters can get away from the hustle and bustle of the core when renting in downtown Chicago. Plus, with public transportation options like trains and buses, renters can easily explore even more of what the neighborhood offers or venture farther into Chicago.
Those looking to rent in downtown Chicago will mainly find apartments with one, two, or three bedrooms overlooking the busy streets, while Federal-style homes, Queen Anne Victorian houses and the recognizable Chicago Greystone homes also characterize the downtown core. Or, for renters looking for a more traditional lifestyle, some suburban rental homes are also available on the neighborhood's outskirts. Meanwhile, the Magnificent Mile is the city's commercial district, popular among renters looking to further their careers in its multiple corporations and businesses. Accordingly, shops, restaurants, transportation hubs, and lifestyle amenities are just steps away from rentals, which means renters will be a short walk or drive from everything they need. Notably, due to the proximity to the University of Illinois Chicago and high-ranking schools, renting in downtown Chicago is also attractive for renters with families and students.
In total, Downtown Chicago, Chicago, IL has 25,860 residents, 13,425 women and 12,435 men, per U.S. Census recent estimates. Statistics show that the median age of Downtown Chicago’s population is 33.
Here, community centers like the Richard J. Daley Center, Downtown Islamic Center, Grace Episcopal Church, and the Fine Arts Building allow renters to get together with the community and celebrate their culture, beliefs and interests. Similarly, the Goodman Theater, Chicago Symphony Orchestra, Harold Washington Library Center and The Art Institute of Chicago are all located in downtown Chicago for renters looking for entertainment. The area also has attractions like the Wills Tower, the Riverwalk, the 360 CHICAGO observatory, and other places renters can explore. Or, Grant Park is an entire district for outdoor activities where renters can find attractions like Buckingham Fountain; Crown Fountain; the Cloud Gate sculpture; and many parks with sports fields, courts, dog parks, trails and kid-friendly areas. Of course, downtown Chicago has some of the finest shopping opportunities in malls like Block 37 and Atrium Mall, as well as world-famous stores, designer labels and chic boutiques along its streets. Additionally, renters can buy groceries in chains like H Mart, Target, Mariano's, Jewel-Osco, Whole Foods Market, and the local delis and farmers' markets.
There is a total of 14,263 households in Downtown Chicago, Chicago, IL. Of these, 1,571 have children and 12,692 are without children. Per Census Bureau’s most current estimates, 4,625 family households and 9,638 non-family households live in this area. The size of a household in Downtown Chicago is 1.12 people, on average. The median household annual income in Downtown Chicago equals $120,725, and the monthly housing costs equal $2,482.
Downtown Chicago is the heart of Illinois, which means renters are steps from multiple transportation options. Specifically, U.S. Highway 41 runs along Lake Michigan and leads to the rest of Chicago, while the developed network of roads connects the downtown districts. Alternatively, renters who don't drive or want to avoid traffic jams can use the public transit system featuring CTA buses and several lines of Chicago's "L" subway system. Or, dedicated lanes and sidewalks for cyclists and pedestrians offer an accessible way to get around the neighborhood. Uber and Lyft also operate as the primary rideshare service providers in the area. Finally, for air travel, O'Hare International Airport and Chicago Midway International Airport are both accessible via road and public transportation options.
According to data from the U.S. Census Bureau, 2% of the population in Downtown Chicago, Chicago, IL have no high school education, 10% went to high-school, and 12% have partially completed college. Moreover, 3% of the population hold an Associate Degree, 36% hold a Bachelor Degree, and 37% hold a Graduate Degree.
RentCafe is your one-stop shop for finding a great new apartment in Downtown Chicago, Chicago, IL. Easily search through a wide selection of apartments for rent in Downtown Chicago, Chicago, IL, and view detailed information about available rentals including floor plans, pricing, photos, amenities, interactive maps, and thorough property descriptions. Property owners and managers are one click away, so feel free to contact them and find out all you need to know about the apartment you’re interested in. Browse Downtown Chicago, Chicago, IL apartments with rents starting from $1,450 and submit your rental application today!
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