Cheap Apartments for Rent in Downtown Chicago
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Exceptional Value
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Good Value
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Price Drop. $257 Off
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Exceptional Value
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2 BEDS$1,450+3 BEDS$1,065+
The Letterman Chicago - West Loop Apartments
410 S Morgan St, Chicago, IL 60607 -
Exceptional Value
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Good ValueSTUDIO$1,245+1 BED$1,497+2 BEDS$1,746+3 BEDS$1,797+
Eden Commons
2701 S Indiana Ave, Chicago, IL 60616 -
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1 BED, 1 BATH$1,600
1212 S Michigan Ave Unit FL9-ID1115
1212 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 -
2 BEDS$2,195+3 BEDS$2,495+
Pittsfield Apartments
55 E Washington St, Chicago, IL 60602 -
Price Drop. $417 Off
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Rent Special1 BED$1,500
1523 W 18th St
1523 W 18th St, Chicago, IL 60608 -
3 BEDS, 2 BATHS$800
Private bedroom in 3 bed/2 bath Home Unit A
1945 W Cermak Rd, Chicago, IL 60608 -
1 BED, 1 BATH$1,600
210 N Wells St Unit FL17-ID261
210 N Wells St, Chicago, IL 60606 -
1 BED, 1 BATH$1,600
420 E Ohio St Unit FL15-ID584
420 E Ohio St, Chicago, IL 60611 -
1 BED, 1 BATH$1,600
210 N Wells St Unit FL16-ID721
210 N Wells St, Chicago, IL 60606 -
1 BED, 1 BATH$1,630
201 N Garland Ct Unit FL32-ID227
201 N Garland Ct, Chicago, IL 60601 -
1 BED, 1 BATH$1,600
411 W Chicago Ave Unit FL4-ID1030
411 W Chicago Ave, Chicago, IL 60654 -
1 BED, 1 BATH$1,600
1000 S Clark St Unit FL21-ID1223
1000 S Clark St, Chicago, IL 60605 -
1 BED, 1 BATH$1,600
225 N Columbus Dr Unit FL31-ID1201
225 N Columbus Dr, Chicago, IL 60601 -
1 BED, 1 BATH$1,780
411 W Chicago Ave Unit FL4-ID1029
411 W Chicago Ave, Chicago, IL 60654 -
1 BED, 1 BATH$1,750
637 N Wells St Unit FL20-ID1190
637 N Wells St, Chicago, IL 60654 -
1 BED, 1 BATH$1,600
180 N Jefferson St Unit FL11-ID1214
180 N Jefferson St, Chicago, IL 60661 -
1 BED, 1 BATH$1,600
210 N Wells St Unit FL31-ID1074
210 N Wells St, Chicago, IL 60606 -
1 BED, 1 BATH$1,600
210 N Wells St Unit FL37-ID1077
210 N Wells St, Chicago, IL 60606 -
1 BED, 1 BATH$1,700
210 N Wells St Unit FL11-ID1070
210 N Wells St, Chicago, IL 60606 -
1 BED, 1 BATH$1,600
188 N Wells St Unit FL2-ID1232
188 N Wells St, Chicago, IL 60606 -
1 BED, 1 BATH$1,650
2008 S Loomis St Unit 1F
2008 S Loomis St, Chicago, IL 60608 -
1 BED, 1 BATH$1,400
1816 S Bishop St Unit 1R
1816 S Bishop 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$1,800
907 S Loomis St Unit GRD
907 S Loomis 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$1,650
1653 S Throop St Unit 2nd Fl Rear
1653 S Throop St, Chicago, IL 60608 -
2 BEDS, 1 BATH$1,975
1653 S Throop St Unit 2nd Fl. Front
1653 S Throop St, Chicago, IL 60608 -
3 BEDS, 1 BATH$975
Private bedroom in 3 bed/1 bath Home Unit C
1639 W Superior St, Chicago, IL 60622 -
1 BED, 1 BATH$1,770
108 W Chicago Ave Unit FL7-ID359
108 W Chicago Ave, Chicago, IL 60654
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 146 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 678 Sq Ft $1,772/mo
- South Lakefront 648 Sq Ft $1,839/mo
- Edgewater 670 Sq Ft $1,862/mo
- Northwest Chicago 716 Sq Ft $2,089/mo
- Uptown Chicago 668 Sq Ft $2,139/mo
- Lakeview 823 Sq Ft $2,154/mo
- North Lakefront 759 Sq Ft $2,601/mo
- Lincoln Park 775 Sq Ft $2,719/mo
- Chicago Loop 750 Sq Ft $2,816/mo
- South Loop 739 Sq Ft $2,827/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.