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Cheap Apartments for Rent in Downtown Chicago, Chicago, IL

222 Rentals Available
Cheap Apartments for Rent in Downtown Chicago, Chicago, IL. 222 Rentals Available
Apartments Under $1,000 Apartments Under $1,100 Apartments Under $1,200 Apartments Under $1,500 Apartments Under $1,600 Apartments Under $1,700

Apartments Under $1,000

  • Scattered Sites 2-3 Beds Apartment for Rent
    Today

    Scattered Sites, Chicago, IL 60647
    2 BEDS $951
    3 BEDS $1,189

Apartments Under $1,100

  • a living room with couches and chairs and a fireplace
    Today

    2937 S. King Drive, Chicago, IL 60616
    STUDIO $1,035+
    1 BED $1,347+
    2 BEDS $1,800+

Apartments Under $1,200

Apartments Under $1,500

  • a living room with a couch and a table and chairs
    Today

    55 East Washington St, Chicago, IL 60602
    STUDIO $1,495
    1 BED Ask for Pricing
    2 BEDS $2,895

Apartments Under $1,600

  • an empty living room with white walls and a wooden floor
    Today

    1836-38 S. Halsted St., Chicago, IL 60608
    STUDIO $1,595

Apartments Under $1,700

  • the living room of an apartment with a couch and a table
    Today

    555 West Madison, Chicago, IL 60661
    STUDIO $1,620+
    1 BED $1,845+
    2 BEDS $2,985+
  • a living room with a couch and a table
    Today

    320 W Illinois St., Chicago, IL 60654
    STUDIO $1,675+
    1 BED $2,125+
    2 BEDS $3,625+

  • More Rentals Near Downtown Chicago, Chicago, IL

  • a living room with a blue couch and chairs and a table
    Today

    2 East 8Th St., Chicago, IL 60605
    STUDIO $1,705+
    1 BED $1,815+
    2 BEDS $2,480+
  • a living room and kitchen with a couch and a table
    Today

    1130 South Michigan Avenue, CHICAGO, IL 60605
    STUDIO $1,706+
    1 BED $2,197+
    2 BEDS $3,516+

  • More Rentals Near Downtown Chicago, Chicago, IL

  • a living room with a gray couch and a mirror
    Today

    1461 S Blue Island Ave, Chicago, IL 60608
    STUDIO $1,725
    1 BED $1,885+
    2 BEDS $3,198
  • a living room with a mirror and a wood floor
    Today

    660 - 678 N. Dearborn St., Chicago, IL 60654
    STUDIO Ask for Pricing
    1 BED $1,741+
    2 BEDS Ask for Pricing
  • a living room with a couch and a table
    Today

    30 E. Roosevelt Rd, Chicago, IL 60605
    STUDIO $1,750
    1 BED $1,900
    2 BEDS $2,300
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  • a rendering of a living room with a couch and tables
    Today

    2101 S Wabash Ave, Chicago, IL 60616
    STUDIO $1,750
    1 BED $1,900
    2 BEDS $2,795
  • a living room filled with furniture and a chandelier
    Today

    108 W Chicago Ave, Chicago, IL 60654
    STUDIO $1,757
    1 BED $2,054
  • a living room with two couches and a tv on the wall
    Today

    330 S Wells St, Chicago, IL 60606
    STUDIO $1,768
    1 BED $2,138
  • a living room with a table and chairs and a large window
    Today

    233 East Wacker Drive, Chicago, IL 60601
    STUDIO $1,804+
    1 BED $1,820+
    2 BEDS $3,347+
  • a living room with a couch and a table and a tv
    Today

    441 E. Erie St., Chicago, IL 60611
    STUDIO $1,820+
    1 BED $2,220+
    2 BEDS $2,770+
  • a living room with a view of the city and a blue couch and chair
    Today

    1140 S Wabash Ave, Chicago, IL 60605
    STUDIO $1,826+
    1 BED $2,338+
    2 BEDS $3,247+
  • Interactive banner rent
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  • a living room with blue walls and a couch and chairs
    Today

    2101 S Wabash Ave, Chicago, IL 60616
    STUDIO Ask for Pricing
    1 BED $1,850+
  • a living room with a couch and a table and a large window
    Today

    801 S Financial Pl, Chicago, IL 60605
    STUDIO $1,865+
    1 BED $2,394+
    2 BEDS $3,259+
  • a living room with couches and a coffee table and a view of the city
    Today

    1044 W Van Buren St., Chicago, IL 60607
    STUDIO $1,941+
    1 BED $2,091+
  • a rendering of a living room with a dining table and a view of the city
    Today

    200 N. Dearborn St., Chicago, IL 60601
    STUDIO Ask for Pricing
    1 BED $2,195+
    2 BEDS $2,950
  • a living room and kitchen with a green couch and blue chairs
    Today

    855 W. Madison St, Chicago, IL 60607
    STUDIO $2,198+
    1 BED $2,715+
    2 BEDS $3,883+
  • a living room with a white couch and a table
    Today

    120 North Green Street, Chicago, IL 60607
    STUDIO Ask for Pricing
    1 BED $3,596
    2 BEDS $3,731+
  • Interactive banner bedroom
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  • an open kitchen with a fireplace and wooden floors
    Today

    2008 S Wabash Ave, Chicago, IL 60616
    3 BEDS Ask for Pricing
2-23-nhood
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Getting around in Downtown Chicago, IL

71 /100
Very Walkable
90 /100
Rider's Paradise
92 /100
Biker's Paradise
Walk Score®: 71, Transit Score®: 90, Bike Score®: 92

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 $1,621 and $9,684.

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

There are 5 cheap rentals available on RentCafe. Prices and availability in Downtown Chicago, Chicago, IL were last updated on 27 Feb 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 625 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 222 low-priced rentals directly from property managers, with rents lower than the Downtown Chicago, Chicago, IL average, which is currently $3,192. On RentCafe, Downtown Chicago rents go as low as $951/mo.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!