Cheap Homes for Rent in Albany Park Neighborhood of Chicago, IL from $700 (9 Rentals)

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

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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 ListingModel NameBed/BathPriced From
3957 W Irving Park RdStudioStudio,1BA$995
4014 North Central Park1x11BR,1BA$1,799
3025 W Irving Park Rd2x1 Irving Park2BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
4215 N Francisco Ave, Unit 24215 N Francisco Ave3BR,2BA$1.39
5023 N Ridgeway Ave, Unit M03H5023 N Ridgeway Ave3BR,1.5BA$1.47
5023 N Ridgeway Ave, Unit 35023 N Ridgeway Ave3BR,1.5BA$1.36
5023 N Ridgeway Ave, Unit 15023 N Ridgeway Ave3BR,2BA$1.28
5023 N Ridgeway Ave, Unit J02P5023 N Ridgeway Ave3BR,1.5BA$1.28
5024 N Ridgeway Ave, Unit 15024 N Ridgeway Ave3BR,1.5BA$1.28
4010 N Central Park Ave, Unit 3E4010 N Central Park Ave2BR,2BA$1.27
4036 N Mozart St, Unit 24036 N Mozart St2BR,1BA$1.60
5011 N Lawndale Ave, Unit 25011 N Lawndale Ave2BR,1BA$1.60
3536 W Cullom Ave, Unit 33536 W Cullom Ave2BR,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.

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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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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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!