Cheap 2 Bedroom Apartments for Rent in Chicago, IL from $762 (904 Rentals) Page 14 of 19

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The Dickens Courtyard
2 Bedroom Apartments

The Dickens Courtyard

3631 W Dickens AveChicago, IL 60647
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5015 S Champlain
2 Bedroom Apartments

5015 S Champlain

5015 S Champlain AveChicago, IL 60615
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1400 W. Warner
2 Bedroom Apartments

1400 W. Warner

1400-02 W Warner AveChicago, IL 60613
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3201-3209 N Clark St
2 Bedroom Apartments

3201-3209 N Clark St

3201-3209 N Clark StChicago, IL 60657
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Ravenswood Apartments
2 Bedroom Apartments

Ravenswood Apartments

4407-4415 N Greenview AveChicago, IL 60640
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Ivy at Fairfax
2 Bedroom Apartments

Ivy at Fairfax

1369 E Hyde Park BlvdChicago, IL 60615
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2828 N. Lawndale Ave.
2 Bedroom Apartments

2828 N. Lawndale Ave.

2828 N Lawndale AveChicago, IL 60618
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7301 N Ridge Blvd
2 Bedroom Apartments

7301 N Ridge Blvd

7301 N Ridge BlvdChicago, IL 60645
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Hamilton Place
2 Bedroom Apartments

Hamilton Place

6820-6834 N Hamilton AveChicago, IL 60645
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Ivy at Harper
2 Bedroom Apartments

Ivy at Harper

5345 S Harper AveChicago, IL 60615
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Ivy Kenwood
2 Bedroom Apartments

Ivy Kenwood

5220 S Kenwood AveChicago, IL 60615
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Ivy Dorchester
2 Bedroom Apartments

Ivy Dorchester

5118 S Dorchester AveChicago, IL 60615
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931 W Leland Ave
2 Bedroom Apartments

931 W Leland Ave

931 W Leland AveChicago, IL 60640
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663 W Melrose St
2 Bedroom Apartments

663 W Melrose St

663 W Melrose StChicago, IL 60657
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5860 N Ridge Ave
2 Bedroom Apartments

5860 N Ridge Ave

5860 N Ridge AveChicago, IL 60660
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447 N Austin
2 Bedroom Apartments

447 N Austin

447 N Austin BlvdChicago, IL 60644
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2848-50 W.Diversey
2 Bedroom Apartments

2848-50 W.Diversey

2848 W Diversey AveChicago, IL 60647
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Thorndale Paulina
2 Bedroom Apartments

Thorndale Paulina

1634-1636 W Thorndale AveChicago, IL 60660
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Ivy Gayles
2 Bedroom Apartments

Ivy Gayles

5316 S Dorchester AveChicago, IL 60615
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3526 S Parnell Ave
2 Bedroom Apartments

3526 S Parnell Ave

3526 S Parnell AveChicago, IL 60609
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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

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago article

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.