
Cheap 1 Bedroom Apartments for Rent in Chicago, IL from $640 (1,444 Rentals) Page 16 of 29


Cornelia

6910 N Sheridan Rd

8157 S King Dr

McCormick CoLiving

434-440 E 81st St

8242 S Drexel Ave

727-29 W. Briar

801 E Drexel Square

The Victorian Apartments

421-431 W. Barry Avenue

Renaissance Apartments

5101 N Winchester Ave

Roscoe Plaza Furnished Apartments

Pratt At The Lake

6960-6970 N Sheridan Rd

Ivy Terrace

8003 S Evans Ave

Everett Hyde Park

Okonski Briar 541

Jackson Park Terrace

5200-5206 S Harper Ave

2876-2900 N Clark St

1337 W Huron

3823-3829 N Fremont St

The Sovereign Apartments

Ivy Gayles

Buckingham Place

1840-1850 S Fairfield Ave

2115-2123 W Farragut Ave

1436-40 W. Thorndale

10904 S Avenue D

2800 W Washington Blvd

Ivy Villas

1942 N Whipple St

2616 N. Hampden Court

Fountainbleau-Cambridge

5820 N Sheridan Rd

6541-6553 N Francisco Ave

Sheridan Beach Apartments

1257 W Lunt Ave

2132-2138 N Campbell Ave

4046 N Laporte Ave

6254 N Claremont St

Lakeside 1116

Argyle Manor

5750 N Sheridan Rd

703 N Austin

GreenGlen Park

Winthrop 6000
Chicago, IL Local Guide

How much does it cost to rent an apartment in Chicago?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Chicago Studio Apartments | $2,076 | $595 | $9,999 |
| Chicago 1 Bedroom Apartments | $2,466 | $640 | $9,244 |
| Chicago 2 Bedroom Apartments | $3,058 | $762 | $10,000+ |
| Chicago 3 Bedroom Apartments | $3,719 | $695 | $10,000+ |
| Chicago 4 Bedroom Apartments | $4,368 | $1,025 | $10,000+ |
| Chicago 5 Bedroom Apartments | $5,465 | $2,995 | $10,000+ |
| Chicago 6 Bedroom Apartments | $19,276 | $7,000 | $10,000+ |
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Chicago, IL Area Reviews
Nicole • 4+ years in Chicago
April 10, 2026Big city challenges with traffic but also provides the amenities of the city you can't find elsewhere
Frequently Asked Questions about Cheap Chicago Apartments
What is a cheap apartment in Chicago?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Chicago is under $750.
What is the price of a cheap apartment in Chicago?
The cheapest apartment in Chicago is West Haven Park II - B which is listed at $660, while the average apartment in Chicago costs $2,330.
What types of apartments are the cheapest in Chicago?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 2,682 regular apartments in Chicago that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Chicago?
Cheap apartments in Chicago have an average cost of $461 which is $1,869 cheaper than the average rent for all rentals in Chicago.
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

The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago
Written by: Nicole Harms
When choosing a place to live, there are many things you must consider. Your employer, your shopping preferences, and even schools are all important to think about. Yet cost of living is also important to know and plan for.

Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible
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I’m Nicole, you’re ApartmentHomeLiving.com Local Expert for Chicago. There’s no denying I love the Windy City. Yet there’s also no denying that rental homes in Chicago can be pricy, small, and hard to find.

Chicago Relocation 101: Mastering Utilities, Registration, and the CTA
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Moving to a new city is always an exciting time, especially one as vibrant and diverse as Chicago. With world-class museums, a breathtaking lakefront, and numerous employment opportunities, there’s much to love about this city.

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

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
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Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.