
Cheap Homes for Rent in Albany Park Neighborhood of Chicago, IL from $700 (9 Rentals)
Search the lowest-cost Homes available for rent right now in the Albany Park area of Chicago.


3957 W Irving Park Rd

5039 N Springfield Ave

4019 W Irving Park Rd
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.

4756 N Maplewood Ave

4311 N Francisco Ave

4246 N Francisco Ave

3412 W Montrose Ave
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.

4928 N Kedzie Ave, Unit 2W
Albany Park, Chicago, IL Local Guide

How much does it cost to rent a home in Albany Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Albany Park 2 Bedroom Homes for Rent | $2,146 | $1,600 | $2,888 |
| Albany Park 3 Bedroom Homes for Rent | $2,811 | $710 | $4,600 |
Browse Homes for Rent in this Neighborhood
There are currently 9 rentals with your search options within a 2 mile radius of the Albany Park Neighborhood of Chicago, IL.
Explore 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 $995. 4014 North Central Park has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,799. 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 | $995 |
| 4014 North Central Park | 1x1 | 1BR,1BA | $1,799 |
| 3025 W Irving Park Rd | 2x1 Irving Park | 2BR,1BA | $2,000 |
Best Value Apartments for Rent in Albany Park, IL
As of December 04, 2025 the best value apartment in the Albany Park area is the $1.39 price per square foot 4215 N Francisco Ave Model at 4215 N Francisco Ave, Unit 2 in the in the Albany Park neighborhood starting from $2,650. The second greatest value Albany Park apartment is the 5023 N Ridgeway Ave Model at 5023 N Ridgeway Ave, Unit M03H starting at $2,650 with a $1.47 price per square foot in the North 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. |
|---|---|---|---|
| 4215 N Francisco Ave, Unit 2 | 4215 N Francisco Ave | 3BR,2BA | $1.39 |
| 5023 N Ridgeway Ave, Unit M03H | 5023 N Ridgeway Ave | 3BR,1.5BA | $1.47 |
| 5023 N Ridgeway Ave, Unit 3 | 5023 N Ridgeway Ave | 3BR,1.5BA | $1.36 |
| 5023 N Ridgeway Ave, Unit 1 | 5023 N Ridgeway Ave | 3BR,2BA | $1.28 |
| 5023 N Ridgeway Ave, Unit J02P | 5023 N Ridgeway Ave | 3BR,1.5BA | $1.28 |
| 5024 N Ridgeway Ave, Unit 1 | 5024 N Ridgeway Ave | 3BR,1.5BA | $1.28 |
| 4010 N Central Park Ave, Unit 3E | 4010 N Central Park Ave | 2BR,2BA | $1.27 |
| 4036 N Mozart St, Unit 2 | 4036 N Mozart St | 2BR,1BA | $1.60 |
| 5011 N Lawndale Ave, Unit 2 | 5011 N Lawndale Ave | 2BR,1BA | $1.60 |
| 3536 W Cullom Ave, Unit 3 | 3536 W Cullom Ave | 2BR,1BA | $1.50 |
Frequently Asked Questions about Albany Park
What type of rentals are currently available in Albany Park?
There are currently 521 Apartments for Rent in Albany Park, IL with pricing that ranges from $995 to $3,230. There are also 70 Single Family Homes for rent, Condos, and Townhome rentals currently available in Albany Park ranging from $710 to $4,600.
What is the current price range for Rental Homes in Albany Park?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Albany Park ranges from $710 to $4,600 with an average monthly rent of $1,963.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!