Cheap 1 Bedroom Apartments for Rent in Chicago, IL from $700 (1,370 Rentals) Page 3 of 28

5600 N Sheridan Rd

1033 W Loyola Ave

4901 S Drexel Blvd

6215 W Belmont Ave

1154 W Lunt Ave

The Flamingo Apartments

The Victorian Apartments

70 E 68th St

OC Living

4010 N Bernard St

6606 W George St

1553 W 94th St

4253 N Sawyer Ave, Unit Garden

7322 N Ridge Blvd, Unit 403

2845 S Wallace St, Unit 2R

Parkway Apartments

Scholars Corner Apartments

The Sovereign

Wyndham Apartments

4305 W Augusta Blvd

6055 N Ridge Ave

4917 W Berteau Ave

3404 W Berteau Ave

4180 Marine Terrace Apartments

7120 N Sheridan Rd, Unit 517

4730 N Winthrop Ave, Unit #806

7300 N Ridge Blvd, Unit 204

6106 N Kenmore Ave, Unit #311

7334 N Ridge Apartments

6900 S South Shore Drive

3140 W Sunnyside Ave

6128 N Hamilton Ave

6328 N Albany Ave

4749 N Monticello Ave
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 | $1,869 | $575 | $8,711 |
Chicago 1 Bedroom Apartments | $2,336 | $700 | $9,250 |
Chicago 2 Bedroom Apartments | $2,975 | $825 | $10,000+ |
Chicago 3 Bedroom Apartments | $3,564 | $788 | $10,000+ |
Chicago 4 Bedroom Apartments | $3,975 | $650 | $10,000+ |
Chicago 5 Bedroom Apartments | $9,791 | $1,650 | $10,000+ |
Chicago 6 Bedroom Apartments | $22,785 | $1,795 | $10,000+ |
Explore Chicago
Getting Around Chicago, IL
Walk Score®
83 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
77 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
66 / 100
Good Transit
Many nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $775.
What is the price of a cheap apartment in Chicago?
The cheapest apartment in Chicago is 1155 W 83rd St which is listed at $750, while the average apartment in Chicago costs $6,219.
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 2,850 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 $488 which is $5,731 cheaper than the average rent for all rentals in Chicago.
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.

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

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.