Cheap Apartments for Rent in Addison, IL from $700 (77 Rentals)

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

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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

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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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
  • Utilities Included
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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

Base Rent
$1,325 - $1,865
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Springhill

280 Spring Hill DrRoselle, IL 60172
  • Verified
property at 1043 S York Rd

$1,343

Total Monthly Price

Total Monthly Price

Base Rent
$1,343
Total Monthly Price
$1,343

1 Bedroom, 1 Bath Condo for Rent

Available Now

1043 S York Rd, Unit 301

1043 S York Rd
BensenvilleIL60106
property at 150 E Lake St

$1,350 - $1,400

1 Bedroom Rentals

Available Jul 15

150 E Lake St

ElmhurstIL60126

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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property at 320 N Harvard Ave

$1,545 - $1,895

1 To 2 Bedroom Rentals

Available Jul 1

320 N Harvard Ave

Villa ParkIL60181

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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property at 436 W Division St

$1,975

Total Monthly Price

Total Monthly Price

Base Rent
$1,975
Total Monthly Price
$1,975

2 Bedroom, 1 Bath Condo for Rent

Available Now

436 W Division St, Unit 3

436 W Division St
Villa ParkIL60181
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Stonegate
1 to 3 Bedroom Apartments

Stonegate

440 N Gregory AveGlendale Heights, IL 60139
Furnished
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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 Studio unit found at Elmhurst Terrace in the Elmhurst City Centre neighborhood priced from $1,285. Regents Park Apartments in the Metra-Bensenville Station neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,385. Here is today’s list of the most affordable Addison apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Elmhurst TerraceStanleyStudio,1BA$1,285
Regents Park ApartmentsStudio Apartment HomeStudio,1BA$1,385
Brook Forest Apartments1 Bedroom1BR,1BA$1,435
Wilshire Towers Apartments1x11BR,1BA$1,465
Medinah Terrace Apartments1 Bed 1 Bath B Renovated1BR,1BA$1,530
Nazar1 bed / 1 bath1BR,1BA$1,600
Linden Towers *Washer & Dryer in Apartment*Two Bedroom #5132BR,2BA$1,690
The BenningtonTen 302BR,2BA$1,739
Park 150 ApartmentsLincoln1BR,1BA$1,810

Best Value Apartments for Rent in Addison, IL

As of June 10, 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 $2,627 with a $1.98 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$1.98
SpringhillB12BR,2BA$1.56
A&K Luxury Apartments1B/1B w/Dining or Home Office1BR,1BA$2.03
The BenningtonTen 30 Split2BR,2BA$1.85
Linden Towers *Washer & Dryer in Apartment*Two Bedroom #7052BR,2BA$1.76
Nazar1 bed / 1 bath1BR,1BA$1.88
430 W Stevens Dr, Unit ONE BEDROOM430 W Stevens Dr1BR,1BA$2.00
Brook Forest Apartments1 Bedroom1BR,1BA$1.91
Wilshire Towers Apartments1x11BR,1BA$2.09

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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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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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 Elmhurst Terrace listed at $1,285.

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

The lowest price for a Cheap One Bedroom Addison Apartment is $1,346 at Ellyn Crossing.

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 $1,690 at Linden Towers *Washer & Dryer in Apartment*.

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.

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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

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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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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.