Cheap Homes for Rent in Albany Park Neighborhood of Chicago, IL from $1,000 (11 Rentals)

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Search the lowest-cost Homes available for rent right now in the Albany Park area of Chicago.

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.

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.

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 $1,015. 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 ListingModel NameBed/BathPriced From
3957 W Irving Park RdStudioStudio,1BA$1,015
5054 N Ridgeway Ave2 br2BR,1BA$1,400
4014 North Central Park1x11BR,1BA$1,700

Best Value Apartments for Rent in Albany Park, IL

As of April 27, 2026 the best value apartment in the Albany Park area is the $0.18 price per square foot 3600 W Sunnyside Ave Model at 3600 W Sunnyside Ave, Unit 2 in the in the Albany Park neighborhood starting from $1,775. The second greatest value Albany Park apartment is the 4830 N Saint Louis Ave Model at 4830 N Saint Louis Ave, Unit #2 starting at $1,875 with a $1.56 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 ListingModel NameBed/BathPrice Per Sq.Ft.
3600 W Sunnyside Ave, Unit 23600 W Sunnyside Ave2BR,1BA$0.18
4830 N Saint Louis Ave, Unit #24830 N Saint Louis Ave2BR,1BA$1.56
3050 W Leland Ave, Unit 33050 W Leland Ave3BR,1BA$2.41
4538 N Christiana Ave, Unit Bsmt4538 N Christiana Ave3BR,1BA$1.50
4606 N Monticello Ave, Unit 3S4606 N Monticello Ave1BR,1BA$1.53
3600 W Sunnyside Ave, Unit 13600 W Sunnyside Ave2BR,1BA$1.97
4044 N California Ave, Unit 1034044 N California Ave1BR,1BA$1.61
4604 N Monticello Ave, Unit 3E4604 N Monticello Ave1BR,1BA$1.77
4414 N Whipple St, Unit 14-2N4414 N Whipple St1BR,1BA$2.03
5054 N Ridgeway Ave1 br1BR,1BA$1.87

Frequently Asked Questions about Albany Park

What type of rentals are currently available in Albany Park?

There are currently 527 Apartments for Rent in Albany Park, IL with pricing that ranges from $1,015 to $3,395. There are also 86 Single Family Homes for rent, Condos, and Townhome rentals currently available in Albany Park ranging from $1,015 to $3,400.

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 $1,015 to $3,400 with an average monthly rent of $2,129.

How much are larger Three and Four Bedroom Rentals in Albany Park?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Albany Park range from $1,500 to $3,350, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,750 to $2,950. Four Bedroom Single-Family rentals are also available starting from $3,345 and Four Bedroom Apartments start at $3,300.

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

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.

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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.