
Cheap 2 Bedroom Apartments for Rent in Chicago, IL from $762 (901 Rentals) Page 17 of 19


1410 N 1st Ave

12524 S Wood St, Calumet Park, IL

Lombard & Madison

14119 S Tracy

470 Gordon

14021 S Tracy

101 Memorial Dr

12507 S Ashland Ave

1706 Cleveland Ave

McLaughlin Apartments

Montclair Manor

Whistler's Crossing

1677 State

6400 S Rockwell

The Ridgeland Station

12 Apartment Building

2109 S 5th Ave

12 Apartment Building

2062 W 135th

14015-14019 S Tracy Ave

948 N Austin Blvd

1931 Wesley

609-17 N. Sheridan Rd.

Carroll Square - NO FEES AT THIS PROPERTY!!

4934-44 Church Apartments

3513 Lake Building

810 Seward St.

Village Crossing

Riverwalk Senior Residences

10450 Ann Ct

PIMA LANSING LLC

7195 Barry St

13256 S Prairie Ave

820 Judson Ave

Riverwood Apartment Homes

1140-1144 S Dunlop

2066 W 135th

1400-06 Central St.

10 W 137th St

310 S. Austin Blvd.

15210-14 Chicago Rd

14600 S Pulaski Ave

Windsor Apartments

1510 N 1st Ave

1710-1716 W Touhy Ave

6911 N Rosemary Ln

4603-4611 Davis Apartments

Oak Lawn Gardens

Harrison East
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 | $2,027 | $595 | $6,705 |
| Chicago 1 Bedroom Apartments | $2,469 | $640 | $9,987 |
| Chicago 2 Bedroom Apartments | $3,030 | $762 | $10,000+ |
| Chicago 3 Bedroom Apartments | $3,768 | $883 | $10,000+ |
| Chicago 4 Bedroom Apartments | $3,948 | $924 | $10,000+ |
| Chicago 5 Bedroom Apartments | $8,019 | $1,995 | $10,000+ |
| Chicago 6 Bedroom Apartments | $6,482 | $750 | $10,000+ |
Explore Chicago
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 $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 $6,719.
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 2,886 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 $6,254 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

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.

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.

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.

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

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.

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.

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.

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.