Cheap Apartments for Rent in Downtown Chicago
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Exceptional Value
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Price Drop. $260 Off
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Exceptional Value
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2 BEDS$1,450+3 BEDS$1,055+
The Letterman Chicago - West Loop Apartments
410 S Morgan St, Chicago, IL 60607 -
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Exceptional Value
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Exceptional Value
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1 BED, 1 BATH$1,600
1407 S Michigan Ave Unit FL15-ID764
1407 S Michigan Ave, Chicago, IL 60605 -
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Good Value1 BED$1,628
Terrace 459
459 W Division St, Chicago, IL 60610 -
STUDIO$1,313+1 BED$1,725+2 BEDS$2,205+
Elm 551 at Parkside
551 W Elm St, Chicago, IL 60610 -
3 BEDS$2,795
Pittsfield Apartments
55 E Washington St, Chicago, IL 60602 -
Price Drop. $406 Off
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Rent Special1 BED$1,500
1523 W 18th St
1523 W 18th St, Chicago, IL 60608 -
1 BED, 1 BATH$1,294
6748 N Ashland Ave Unit 203
6748 N Ashland Ave, Chicago, IL 60626 -
STUDIO, 1 BATH$1,150
6748 N Ashland Ave Unit 213
6748 N Ashland Ave, Chicago, IL 60626 -
1 BED, 1 BATH$1,690
200 E Chestnut St Unit FL8-ID622
200 E Chestnut St, Chicago, IL 60611 -
3 BEDS, 2 BATHS$775
Private bedroom in 3 bed/2 bath Home Unit A
1945 W Cermak Rd, Chicago, IL 60608 -
1 BED, 1 BATH$1,600
1400 W Randolph St Unit FL17-ID1169
1400 W Randolph St, Chicago, IL 60607 -
1 BED, 1 BATH$1,700
1035 W Van Buren St Unit FL26-ID1163
1035 W Van Buren St, Chicago, IL 60607 -
1 BED, 1 BATH$1,650
201 N Garland Ct Unit FL22-ID1189
201 N Garland Ct, Chicago, IL 60601 -
1 BED, 1 BATH$1,640
445 E Ohio St Unit FL16-ID786
445 E Ohio St, Chicago, IL 60611 -
1 BED, 1 BATH$1,700
210 N Wells St Unit FL14-ID637
210 N Wells St, Chicago, IL 60606 -
1 BED, 1 BATH$1,700
210 N Wells St Unit FL19-ID281
210 N Wells St, Chicago, IL 60606 -
1 BED, 1 BATH$1,700
210 N Wells St Unit FL15-ID232
210 N Wells St, Chicago, IL 60606 -
1 BED, 1 BATH$1,400
1816 S Bishop St Unit 1R
1816 S Bishop St, Chicago, IL 60608 -
1 BED, 1 BATH$1,500
1320 W Arthington St Unit 1
1320 W Arthington St, Chicago, IL 60607 -
1 BED, 1 BATH$1,650
2008 S Loomis St Unit 1F
2008 S Loomis St, Chicago, IL 60608 -
3 BEDS, 1 BATH$2,100
1116 W Polk St Unit 3
1116 W Polk St, Chicago, IL 60607 -
2 BEDS, 1 BATH$1,600
1323 W 18th St Unit 2R
1323 W 18th St, Chicago, IL 60608 -
2 BEDS, 1 BATH$1,800
907 S Loomis St Unit GRD
907 S Loomis St, Chicago, IL 60607 -
1 BED, 1 BATH$1,600
150 N Ashland Ave Unit FL3-ID1055
150 N Ashland Ave, Chicago, IL 60607 -
1 BED, 1 BATH$1,600
150 N Ashland Ave Unit FL5-ID1050
150 N Ashland Ave, Chicago, IL 60607 -
3 BEDS, 1 BATH$825
Private bedroom in 3 bed/1 bath Home Unit A
1639 W Superior St, Chicago, IL 60622 -
3 BEDS, 1 BATH$875
Private bedroom in 3 bed/1 bath Home Unit C
1639 W Superior St, Chicago, IL 60622 -
1 BED, 1 BATH$1,095
2104 W 21st Pl
2104 W 21st Pl, Chicago, IL 60608 -
2 BEDS, 1 BATH$1,700
2341 W 25th St Unit 2R
2341 W 25th St, Chicago, IL 60608 -
2 BEDS, 1 BATH$1,800
1313 W Huron St Unit 3
1313 W Huron St, Chicago, IL 60642 -
2 BEDS, 1 BATH$1,250
2906 S Wells St Unit 2
2906 S Wells 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 122 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
- Far North Chicago 679 Sq Ft $1,738/mo
- South Lakefront 709 Sq Ft $1,790/mo
- Edgewater 666 Sq Ft $1,824/mo
- Uptown Chicago 658 Sq Ft $2,054/mo
- Lakeview 826 Sq Ft $2,143/mo
- Northwest Chicago 764 Sq Ft $2,173/mo
- North Lakefront 765 Sq Ft $2,552/mo
- Lincoln Park 779 Sq Ft $2,649/mo
- Chicago Loop 748 Sq Ft $2,776/mo
- South Loop 748 Sq Ft $2,819/mo
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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.