Cheap Apartments for Rent in Addison, IL from $700 (68 Rentals)

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Search the lowest-cost Apartments available for rent right now in Addison.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Chablis
1 to 2 Bedroom Apartments

Chablis

610 N Lincoln AveAddison, IL 60101
Corporate Housing
  • Utilities Included
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507 Denise Ct
Studio to 2 Bedroom Apartments

507 Denise Ct

507 Denise CtAddison, IL 60101
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Salt Creek
1 Bedroom Apartments

Salt Creek

125 S Villa AveAddison, IL 60101
  • Utilities Included
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Addison Horizon
1 to 2 Bedroom Apartments

Addison Horizon

500 N Denise CtAddison, IL 60101
Senior Living
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Indian Trail Apartments
1 to 3 Bedroom Apartments

Indian Trail Apartments

601-639 Meadows BlvdAddison, IL 60101
  • Utilities Included
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580 N Mill Rd
2 Bedroom Apartments

580 N Mill Rd

580 N Mill RdAddison, IL 60101
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College Park Apartments
1 to 3 Bedroom Apartments

College Park Apartments

902-948 W College BlvdAddison, IL 60101
  • Utilities Included

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Springhill
$1,325 - $1,865
Total Monthly Price

Total Monthly Price

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$1,325 - $1,865
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Studio to 2 Bedroom Apartments Available Now

Springhill

280 Spring Hill DrRoselle, IL 60172
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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Chicago Relocation 101: Mastering Utilities, Registration, and the CTA

Moving to Chicago? This essential relocation guide offers a complete checklist for new residents, covering finding the right neighborhood, setting up utilities (ComEd, People’s Gas), and mastering high-rise moving logistics and vehicle registration.

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Stonegate
1 to 3 Bedroom Apartments

Stonegate

440 N Gregory AveGlendale Heights, IL 60139
Furnished
  • Utilities Included
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330 N Ardmore Ave
1 to 2 Bedroom Apartments

330 N Ardmore Ave

330 N Ardmore AveVilla Park, IL 60181
  • Utilities Included

Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago

Learn about the best things about living in Chicago from a local in the Insiders Guide to Renting in Chicago. Find your perfect Chicago apartment today!

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Showing Results 1-50, Page 1 of 2

Addison, IL Local Guide

Photo of Justin Habersaat - Editing Staff
Written By:
Justin Habersaat
Editing Staff

Cheapest Available Addison Apartments for Rent

 

The cheapest available apartment rental in Addison, IL is a 1 Bed unit found at Elmhurst Terrace in the Elmhurst City Centre neighborhood priced from $1,388. Brook Forest Apartments in the Elmhurst City Centre neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,435. Here is today’s list of the most affordable Addison apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Elmhurst TerraceWrigley1BR,1BA$1,388
Brook Forest Apartments1 Bedroom1BR,1BA$1,435
SpringhillA1/A21BR,1BA$1,495
Medinah Terrace Apartments1 Bed 1 Bath B Renovated1BR,1BA$1,526
The BenningtonSeven 701BR,1BA$1,538
Wilshire Towers Apartments1x11BR,1BA$1,585
Royal Grove ApartmentsNewly Remodeled 1BR with Huge Walk-in Closet Wi...1BR,1BA$1,699

Best Value Apartments for Rent in Addison, IL

As of April 26, 2026 the best value apartment in the Addison area is the $1.46 price per square foot 5N426 Rohlwing Rd Model at 5N426 Rohlwing Rd, Unit 1 in the in the Bristol Park neighborhood starting from $2,900. The second greatest value Addison apartment is the 2BR/2.0BA Model at Roselle Station Apartments starting at $2,316 with a $1.75 price per square foot . Here is today’s list of the best values for Addison apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
5N426 Rohlwing Rd, Unit 15N426 Rohlwing Rd2BR,2.5BA$1.46
Roselle Station Apartments2BR/2.0BA2BR,2BA$1.75
249 E Park Blvd, Unit 1249 E Park Blvd2BR,1BA$2.09
A&K Luxury Apartments1B/1B w/Dining or Home Office1BR,1BA$2.03
1040 S York Rd, Unit 1N1040 S York Rd2BR,1.5BA$1.80
440 W Stevens Dr, Unit TWO BEDS440 W Stevens Dr2BR,1BA$1.80
Linden Towers *Washer & Dryer in Apartment*Two Bedroom #2132BR,2BA$1.92
The BenningtonEight 722BR,1BA$2.03
SpringhillA1/A21BR,1BA$1.98
Brook Forest Apartments1 Bedroom1BR,1BA$1.91

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Best Neighborhoods to Rent in Near Chicago's Top Employers: A Guide for Renters

A Local Expert's Guide to The 10 Best Chicago Neighborhoods near Major Local Employers. Find your perfect Chicago, IL apartment, condo, or rental home today at ApartmentHomeLiving.com

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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A Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Chicago, IL metro area for affordable living. Find your perfect Chicago Student apartment, condo, or rental home today at ApartmentHomeliving.com

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Addison Overview

Located in the greater Chicago Metro Area, Addison is a charming and desirable city that practically defines the midwesternly term of 'quaint'. With a population of just over 35,000, this blue collar locale is a combination of retirees, Chicago commuters and fledgling students.

Why live in Addison, IL?

Offering a realxed ambiance and plenty of that famous mid-western charm, apartments for rent in Addison make an excellent option for anyone in the market for a new Illinois domicile. Flush with quaint eateries, public parks, and an easy commute to the big city of Chicago, this is one centralized locale well worthy of your consideration.

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Addison, IL Rentals by Map

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See the most popular apartments and homes in Addison, IL

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Frequently Asked Questions about Cheap Addison Apartments

What is the Cheapest Studio apartment in Addison?

Currently the most affordable Cheap Studio Apartment in Addison is at The Fynn listed at $1,935.

How much is rent for a Cheap One Bedroom Addison Apartment?

The lowest price for a Cheap One Bedroom Addison Apartment is $1,388 at Elmhurst Terrace.

What is the lowest price for a Cheap Two Bedroom Addison Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Addison is starting from $1,707 at Elmhurst Terrace.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Helpful Local Expert Guides

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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago

Written by: Nicole Harms

I’m Nicole, your ApartmentHomeLiving.com Local Expert for Chicago, IL. As a resident of the Chicago area for over 20 years, I’ve learned which neighborhoods are great and which are best avoided.

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Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

Written by: Nicole Harms

With world-class museums lining its streets, Chicago is a place people go to learn. It’s not surprising, therefore, that it’s also home to multiple colleges and universities with national and global reputations.

decorative image for Best Neighborhoods to Rent in Near Chicago's Top Employers article

Best Neighborhoods to Rent in Near Chicago's Top Employers

Written by: Nicole Harms

Whenever life takes me into the city, I’m always impressed with the sheer amount of industry and commerce that it holds. With all of that commerce comes a wide range of employment options.

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Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago

Written by: Nicole Harms

From Lake Shore Drive to the O’Hare Airport, the city of Chicago is a study in diversity, resilience, and culture.

Articles, How-To's, and Tips

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.