
Cheap Apartments for Rent in the Albany Park Neighborhood of Chicago, IL from $800 (28 Rentals)
Search the lowest-cost Apartments available for rent right now in the Albany Park area of Chicago.


3254 W Leland Ave

4829 N Springfield Ave

4019 W Irving Park Rd, Unit 4027-319

3055 W Argyle St

3649 W Montrose Ave, Unit 1M

3649 W Montrose Ave
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.

3420 W Irving Park Rd, Unit 37

3420 W Irving Park Rd, Unit 38

4204 N Kimball Ave

5054 N Ridgeway Ave

4311 N Francisco Ave, Unit C4

4311 N Francisco Ave

Total Monthly Price
4647 N Manor Ave, Unit #G, Unit #G
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.

3550 W Lawrence Ave

3746 W Leland Ave

4831 N Kimball Ave

3650-3656 W Agatite Ave

4720 N Spaulding Ave

4855 N Kimball Ave

4815 N Springfield
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.

4142 N Avers Ave

4906 N Springfield Ave

3435 W Berteau Ave Unit 3C

4823 N Springfield Ave

4705 N Central Park Ave

3001 W Lawrence Ave

HIGHPOINT Albany Park on Kedzie
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.
Albany Park, Chicago, IL Local Guide

How much does it cost to rent an apartment in Albany Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Albany Park Studio Apartments | $1,360 | $1,025 | $1,595 |
| Albany Park 1 Bedroom Apartments | $1,530 | $1,195 | $1,700 |
| Albany Park 2 Bedroom Apartments | $2,124 | $1,244 | $3,200 |
| Albany Park 3 Bedroom Apartments | $2,540 | $1,550 | $3,200 |
| Albany Park 4 Bedroom Apartments | $3,410 | $3,345 | $3,475 |
Browse Apartments in this Neighborhood
There are currently 28 rentals with your search options within a 2 mile radius of the Albany Park Neighborhood of Chicago, IL.
See all Apartments in ChicagoExplore Chicago
Cheapest Available Albany Park Apartments for Rent
 The cheapest available apartment rental in the Albany Park area of Chicago, IL is a Studio unit found at 3957 W Irving Park Rd priced from $1,025. 5054 N Ridgeway Ave has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,400. Here are the most affordable Albany Park apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 3957 W Irving Park Rd | Studio | Studio,1BA | $1,025 |
| 5054 N Ridgeway Ave | 2 br | 2BR,1BA | $1,400 |
| 3025 W Irving Park Rd | 2x1 Irving Park | 2BR,1BA | $2,000 |
Best Value Apartments for Rent in Albany Park, IL
As of May 22, 2026 the best value apartment in the Albany Park area is the $1.79 price per square foot 4319 N Francisco Ave Model at 4319 N Francisco Ave, Unit G in the in the Albany Park neighborhood starting from $2,950. The second greatest value Albany Park apartment is the 4319 N Francisco Ave Model at 4319 N Francisco Ave, Unit G starting at $2,950 with a $1.97 price per square foot in the Albany Park neighborhood. Here is today’s list of the best values for Albany Park apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 4319 N Francisco Ave, Unit G | 4319 N Francisco Ave | 3BR,3BA | $1.79 |
| 4319 N Francisco Ave, Unit G | 4319 N Francisco Ave | 3BR,3BA | $1.97 |
| 4139 N Springfield Ave, Unit Garden apartment | 4139 N Springfield Ave | 2BR,1BA | $1.73 |
| 4155 N Mozart St, Unit 21-2 | 4155 N Mozart St | 2BR,1BA | $1.91 |
| 4414 N Whipple St | 4414 N Whipple St | 1BR,1BA | $1.88 |
| 3600 W Sunnyside Ave, Unit 1 | 3600 W Sunnyside Ave | 2BR,1BA | $1.97 |
| 4501 N Kedzie Ave, Unit 3R | 4501 N Kedzie Ave | 2BR,1BA | $2.22 |
| 3520 W Cullom Ave, Unit 3 | 3520 W Cullom Ave | 2BR,1BA | $2.24 |
| 5054 N Ridgeway Ave | 1 br | 1BR,1BA | $1.87 |
| 4317 N Francisco Ave, Unit J04P | 4317 N Francisco Ave | 1BR,1BA | $2.35 |
Frequently Asked Questions about Cheap Albany Park Apartments
What is the Cheapest Studio apartment in Albany Park?
Currently the most affordable Cheap Studio Apartment in Albany Park is at 3957 W Irving Park Rd listed at $1,025.
How much is rent for a Cheap One Bedroom Albany Park Apartment?
The lowest price for a Cheap One Bedroom Albany Park Apartment is $1,400 at 5054 N Ridgeway Ave.
What is the lowest price for a Cheap Two Bedroom Albany Park Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Albany Park is starting from $1,400 at 5054 N Ridgeway Ave.
What is the most affordable Albany Park Three Bedroom Apartment?
The best deal on a cheap Albany Park Three Bedroom Apartment rental is at 3805 W Belle Plaine Ave and starts from $2,900.
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

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.

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.

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.

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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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.

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.

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.