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$1,257+2 BEDS$1,713+3 BEDS$1,871+
Eden Commons
2701 S Indiana Ave, Chicago, IL 60616 -
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Good Value1 BED$1,628
Terrace 459
459 W Division St, Chicago, IL 60610 -
Good ValueSTUDIO$1,313+1 BED$1,725+2 BEDS$2,205+
Elm 551 at Parkside
551 W Elm St, Chicago, IL 60610 -
Exceptional ValueSTUDIO$1,345
211 E. Delaware
211 E Delaware Pl, Chicago, IL 60611 -
Price Drop. $417 Off
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STUDIO$1,295
1036 N. Dearborn
1036 N Dearborn St, Chicago, IL 60610 -
1 BED, 1 BATH$1,600
1000 S Clark St Unit FL22-ID1224
1000 S Clark St, Chicago, IL 60605 -
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1 BED, 1 BATH$1,610
1000 S Clark St Unit FL21-ID1245
1000 S Clark St, Chicago, IL 60605 -
1 BED, 1 BATH$1,780
210 N Wells St Unit FL15-ID232
210 N Wells St, Chicago, IL 60606 -
1 BED, 1 BATH$1,600
210 N Wells St Unit FL16-ID252
210 N Wells St, Chicago, IL 60606 -
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
1000 S Clark St Unit FL10-ID991
1000 S Clark St, Chicago, IL 60605 -
1 BED, 1 BATH$1,780
411 W Chicago Ave Unit FL4-ID1029
411 W Chicago Ave, Chicago, IL 60654 -
1 BED, 1 BATH$1,600
201 N Garland Ct Unit FL32-ID227
201 N Garland Ct, Chicago, IL 60601 -
1 BED, 1 BATH$1,600
210 N Wells St Unit FL31-ID1074
210 N Wells St, Chicago, IL 60606 -
1 BED, 1 BATH$1,630
210 N Wells St Unit FL37-ID1077
210 N Wells St, Chicago, IL 60606 -
1 BED, 1 BATH$1,680
225 N Elizabeth St Unit FL20-ID1100
225 N Elizabeth St, Chicago, IL 60607 -
1 BED, 1 BATH$1,620
180 N Jefferson St Unit FL13-ID1212
180 N Jefferson St, Chicago, IL 60661 -
1 BED, 1 BATH$1,600
188 N Wells St Unit FL2-ID1232
188 N Wells St, Chicago, IL 60606 -
1 BED, 1 BATH$1,600
188 N Wells St Unit FL2-ID1233
188 N Wells St, Chicago, IL 60606 -
1 BED, 1 BATH$1,600
215 W Lake St Unit FL19-ID1203
215 W Lake St, Chicago, IL 60606 -
1 BED, 1 BATH$1,600
215 W Lake St Unit FL17-ID1205
215 W Lake St, Chicago, IL 60606 -
1 BED, 1 BATH$1,600
188 N Wells St Unit FL3-ID1237
188 N Wells St, Chicago, IL 60606 -
1 BED, 1 BATH$1,600
188 N Wells St Unit FL3-ID1238
188 N Wells St, Chicago, IL 60606 -
1 BED, 1 BATH$1,600
188 N Wells St Unit FL3-ID1239
188 N Wells St, Chicago, IL 60606 -
1 BED, 1 BATH$1,600
188 N Wells St Unit FL2-ID1234
188 N Wells St, Chicago, IL 60606 -
1 BED, 1 BATH$1,600
188 N Wells St Unit FL2-ID1235
188 N Wells St, Chicago, IL 60606 -
1 BED, 1 BATH$1,600
188 N Wells St Unit FL3-ID1240
188 N Wells St, Chicago, IL 60606
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 157 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 676 Sq Ft $1,784/mo
- South Lakefront 651 Sq Ft $1,857/mo
- Edgewater 674 Sq Ft $1,882/mo
- Uptown Chicago 677 Sq Ft $2,134/mo
- Northwest Chicago 727 Sq Ft $2,149/mo
- Lakeview 724 Sq Ft $2,193/mo
- North Lakefront 729 Sq Ft $2,614/mo
- Lincoln Park 730 Sq Ft $2,726/mo
- Chicago Loop 749 Sq Ft $2,792/mo
- South Loop 740 Sq Ft $2,884/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.