
Cheap 2 Bedroom Apartments for Rent in Chicago, IL from $762 (1,062 Rentals) Page 7 of 22


Auburn Gresham Apartments

7674 S Shore Drive

17-19 N Waller Ave

6155-6159 S California Ave

7801 S Essex

3200 W Fulton Blvd

Columbus Tower

6650 S Drexel

3000 W Marquette Rd

7241 S Phillips

8238 S Ellis

7800 S Kingston

Hilliard Towers Family One

7316 S Jeffery Blvd

7055 S St Lawrence

1615 W 77th

Baric Commons

Shorewind Court Apartments

Gray Apartments

6756 S Chappel

7801 S Kingston

7949 S Ellis

8253 S Ingleside

10425-10429 S Vernon Ave

Atrium West Apartments

8100 S Marshfield

Cottage View Terrace

7701 S Yates

7316 S Jeffery

4013-4015 S Calumet Ave

3700 W. Cornelia

Madison Terrace

7701 S Eggelston St

5935 N Northwest Hwy

3401-3411 N Pulaski Ave

La Rose Apartments

8640 S Ingleside

Auburn Gresham Apartments

2701 N. Troy/3120 W. Schubert

7120 S Wabash

7834 S Coles

7801 S Yates

7927 S Ellis Ave

7812 S Emerald Ave

7916 S Drexel

935-941 E 81st St

7643 S Stewart

1742 E 72nd

7624 S Kingston
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 | $2,073 | $595 | $9,999 |
| Chicago 1 Bedroom Apartments | $2,462 | $640 | $9,075 |
| Chicago 2 Bedroom Apartments | $3,058 | $762 | $10,000+ |
| Chicago 3 Bedroom Apartments | $3,702 | $883 | $10,000+ |
| Chicago 4 Bedroom Apartments | $4,306 | $1,025 | $10,000+ |
| Chicago 5 Bedroom Apartments | $5,453 | $2,995 | $10,000+ |
| Chicago 6 Bedroom Apartments | $19,280 | $7,000 | $10,000+ |
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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 $726.
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 $2,323.
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 2,721 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 $472 which is $1,851 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

The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago
Written by: Nicole Harms
When choosing a place to live, there are many things you must consider. Your employer, your shopping preferences, and even schools are all important to think about. Yet cost of living is also important to know and plan for.

Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible
Written by: Nicole Harms
I’m Nicole, you’re ApartmentHomeLiving.com Local Expert for Chicago. There’s no denying I love the Windy City. Yet there’s also no denying that rental homes in Chicago can be pricy, small, and hard to find.

Chicago Relocation 101: Mastering Utilities, Registration, and the CTA
Written by: Nicole Harms
Moving to a new city is always an exciting time, especially one as vibrant and diverse as Chicago. With world-class museums, a breathtaking lakefront, and numerous employment opportunities, there’s much to love about this city.

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

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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.