Cheap 1 Bedroom Apartments for Rent in Chicago, IL from $700 (1,374 Rentals) Page 27 of 28

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Chicago is under $775.

The cheapest apartment in Chicago is 1155 W 83rd St which is listed at $750, while the average apartment in Chicago costs $6,253.

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 2,668 regular apartments in Chicago that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

Cheap apartments in Chicago have an average cost of $513 which is $5,740 cheaper than the average rent for all rentals in Chicago.