
Cheap 2 Bedroom Apartments for Rent in Chicago, IL from $762 (904 Rentals) Page 7 of 19


6160 S Martin Luther King Dr

La Rose Apartments

8640 S Ingleside

6933 S Indiana

2701 N. Troy/3120 W. Schubert

Auburn Gresham Apartments

7927 S Ellis Ave

7916 S Drexel

8127 S Ellis

8148 S Ingleside

7917 S Drexel

7643 S Stewart

7956 S Burnham

Ingleside Building

935-941 E 81st St

7120 S Wabash

7612 S Kingston

1742 E 72nd

8440 S Drexel Ave

7930-7946 S Ingleside Ave

7801 S Yates

7612 S Kingston

7934 S Wabash

7056 S Eberhart Ave

1735 W 79th

7822 s laflin

Hilliard Towers Family II

5201 W Washington Blvd (old)

7655 S Sangamon

South Shore Apartments

9101-9109 S Beverly Ave

5850-5858 S Martin Luther King Dr

7400-7410 S Chappel Ave

4807-11 W Thomas St

8052 S Laflin St

The Talman Building

The Damen Jarvis

8201 S Kingston Ave

Clyde St Commons

Martin Luther King JR PLZ (S-8 Affordable)

8159 S Drexel Ave

7700 S Carpenter

7001 S Chappel Ave

8352 S Ellis Ave

7955 S Calumet

8200 S Clyde Ave

Oak Park Apartments

7800 S Ashland

7229 S Yates Blvd
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 | $2,026 | $595 | $6,705 |
| Chicago 1 Bedroom Apartments | $2,472 | $640 | $9,987 |
| Chicago 2 Bedroom Apartments | $3,026 | $762 | $10,000+ |
| Chicago 3 Bedroom Apartments | $3,749 | $883 | $10,000+ |
| Chicago 4 Bedroom Apartments | $3,963 | $924 | $10,000+ |
| Chicago 5 Bedroom Apartments | $8,015 | $1,995 | $10,000+ |
| Chicago 6 Bedroom Apartments | $6,489 | $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 $6,710.
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

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

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.