Cheap 2 Bedroom Apartments for Rent in Chicago, IL from $762 (904 Rentals) Page 12 of 19

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Ivy at Shelbyrne
2 Bedroom Apartments

Ivy at Shelbyrne

5110 S Kenwood AveChicago, IL 60615
Student Housing
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Catherine Courts
2 Bedroom Apartments

Catherine Courts

8503 W Catherine AveChicago, IL 60656
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437-59 W. Belmont Ave.
2 Bedroom Apartments

437-59 W. Belmont Ave.

437-459 W Belmont AveChicago, IL 60657
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5200 N Wayne Ave
2 Bedroom Apartments

5200 N Wayne Ave

5200 N Wayne AveChicago, IL 60640
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2000 W Summerdale Ave
2 Bedroom Apartments

2000 W Summerdale Ave

2000 W Summerdale AveChicago, IL 60625
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6901 S Merrill
2 Bedroom Apartments

6901 S Merrill

6901 S Merrill AveChicago, IL 60649
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5735 W Washington
2 Bedroom Apartments

5735 W Washington

5735 W Washington BlvdChicago, IL 60644
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Prime Park Manor
2 Bedroom Apartments

Prime Park Manor

7348-7366 S Martin Luther KingChicago, IL 60619
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1117 N Lawler
2 Bedroom Apartments

1117 N Lawler

1117-1119 N Lawler AveChicago, IL 60651
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4750 E Calumet
2 Bedroom Apartments

4750 E Calumet

320 E 48th StChicago, IL 60615
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1101 N LeClaire
2 Bedroom Apartments

1101 N LeClaire

1101 N LeClaire AveChicago, IL 60651
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5732 W Washington
2 Bedroom Apartments

5732 W Washington

5732-5734 W Washington BlvdChicago, IL 60644
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8456 S Wabash
2 Bedroom Apartments

8456 S Wabash

8456 S Wabash AveChicago, IL 60619
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5019 S St Lawrence
2 Bedroom Apartments

5019 S St Lawrence

5019 S Saint Lawrence AveChicago, IL 60615
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3435 W Berteau Ave 3C
2 Bedroom Apartments

3435 W Berteau Ave 3C

3435 W Berteau AveChicago, IL 60618
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  • Smoke Free
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Jefferson 5045 N Nw Hwy
2 Bedroom Apartments

Jefferson 5045 N Nw Hwy

5045-5049 N Northwest HwyChicago, IL 60630
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6752 N Sauganash Ave
2 Bedroom Apartments

6752 N Sauganash Ave

6752-6770 N Sauganash AveChicago, IL 60646
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6458 S Fairfield
2 Bedroom Apartments

6458 S Fairfield

6458 S Fairfield AveChicago, IL 60629
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Luella Court
2 Bedroom Apartments

Luella Court

8000 S Luella AveChicago, IL 60617
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8201 S Michigan Avenue
2 Bedroom Apartments

8201 S Michigan Avenue

8201-8213 S Michigan AveChicago, IL 60619
Corporate Housing
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3357 W 63rd Pl
2 Bedroom Apartments

3357 W 63rd Pl

3357 W 63rd PlChicago, IL 60629
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8017 S Vernon Ave
2 Bedroom Apartments

8017 S Vernon Ave

8017 S Vernon AveChicago, IL 60619
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8004 S Eberhart Ave
2 Bedroom Apartments

8004 S Eberhart Ave

8004 S Eberhart AveChicago, IL 60619
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7427-7439 N Winchester
2 Bedroom Apartments

7427-7439 N Winchester

7431-7439 N Winchester AveChicago, IL 60626
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Lake Park Manor
2 Bedroom Apartments

Lake Park Manor

3601-3645 S Lake Park AveChicago, IL 60653
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Peterson Plaza
2 Bedroom Apartments

Peterson Plaza

5969 N Ravenswood AveChicago, IL 60660
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7000 S Cregier Ave
2 Bedroom Apartments

7000 S Cregier Ave

7000 S Cregier AveChicago, IL 60649
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8047 S Rhodes Ave
2 Bedroom Apartments

8047 S Rhodes Ave

8047 S Rhodes AveChicago, IL 60619
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2014 E 77th St
2 Bedroom Apartments

2014 E 77th St

2014 E 77th StChicago, IL 60649
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6819-21 S Clyde Ave
2 Bedroom Apartments

6819-21 S Clyde Ave

6819-21 S Clyde AveChicago, IL 60649
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Chicago, IL Area Reviews

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Nicole4+ years in Chicago

April 10, 2026

Big 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 $724.

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 $192, while the average apartment in Chicago costs $6,710.

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 3,184 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 $465 which is $6,245 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

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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

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

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.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.