
Cheap 2 Bedroom Apartments for Rent in Chicago, IL from $650 (938 Rentals) Page 5 of 19


11266 S Champlain Ave

7116 S Harvard Ave

7800 S Yates Blvd

6045 S Rhodes Ave

2918 S Haynes Ct

10919 S Vernon Ave

6345 S Whipple St

6619 S Greenwood Ave

4616 S Rockwell St

Total Monthly Price
7234 N Ridge Blvd, Unit #103

Total Monthly Price
7714 N Sheridan Rd, Unit #2N

4876 W Armitage Ave

5143 S Rockwell St

5145 W Ferdinand St

4742 W Roscoe St

4255 W Nelson St

1731 N Central Ave, Unit 1

Total Monthly Price
2893 S Archer Ave, Unit 2

Total Monthly Price
2007 W Jarvis Ave

Total Monthly Price
7653 S Green St

Total Monthly Price
4255 W Nelson St

8328 S Ingleside Ave

4031 N Austin Ave

7344 W Belmont Ave

2529 N Austin Ave

8617 S Ashland Ave

8009 S Phillips Ave

11925 S Lawndale Ave

8009 S Phillips Ave

5849 W Midway Park

Total Monthly Price
8009 S Phillips Ave

1533 S Ridgeway Ave

2216 W 21st Pl

4452 W Parker Ave

6000 W Seminole St

6855 W Addison St

1922 S Leavitt St

3328 W Chicago Ave

1245 West Chase

Total Monthly Price
4904 N Austin Ave, Unit Garden Unit

4904 N Austin Ave

5436 W Ferdinand St

1619 E 70th St

5926 S Elizabeth St

7443 N Claremont Ave

4258 W Thomas St

1721 N Kimball Ave

Total Monthly Price
1417 W Albion Ave, Unit 2

Total Monthly Price
2309 S Leavitt St, Unit 1st floor
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 | $1,907 | $550 | $6,511 |
| Chicago 1 Bedroom Apartments | $2,419 | $650 | $10,000+ |
| Chicago 2 Bedroom Apartments | $2,986 | $650 | $10,000+ |
| Chicago 3 Bedroom Apartments | $3,722 | $755 | $10,000+ |
| Chicago 4 Bedroom Apartments | $3,315 | $1,040 | $10,000+ |
| Chicago 5 Bedroom Apartments | $9,615 | $2,400 | $10,000+ |
| Chicago 6 Bedroom Apartments | $13,494 | $850 | $10,000+ |
Explore Chicago
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 $700.
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 $7,326.
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 5,565 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 $510 which is $6,816 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
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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.