
Cheap 3 Bedroom Apartments for Rent in Chicago, IL from $883 (211 Rentals) Page 3 of 5


6943-6945 S Indiana Ave

1415 W 80th

Martin Luther King JR PLZ (S-8 Affordable)

8101-8107 S Langley Ave

7316 S Jeffery

Lawndale Apartments

7034 S Claremont

6401 S Maplewood

3454 W Lexington
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Oak Park Apartments

8101 S Justine St

Humboldt Ridge Apartments

2900 E 91st

Hilliard Towers Family One

212 E 69th

6800 S Dorchester Ave

215 E 68th

10901 S Vernon

6356 S Francisco
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

1734 E 72nd

7135 S Blackstone

1415-25 W 80th

Atrium West Apartments

7755 S Sangamon

6147 S Vernon Ave

148 N La Crosse Ave

Madison Terrace

6923 S Indiana

8040 S Vernon Ave
Chicago's Best Affordable Neighborhoods
Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms

3600 W Franklin

6224 S Dr Martin Luther King Jr

8100 S Throop

10719 S Calumet Ave

8259 S Elizabeth St

8051-8053 S King Dr

109 N Laramie Ave

7358 S Blackstone Ave

7829 S Phillips

7800 S Jeffery

7755 S Peoria St

5518-20 W Jackson Blvd

8257 S Coles Ave

5758 S Wabash

6901 S Paxton Ave

5130 S Dr Martin Luther King Jr

6608 S Peoria St

Island Terrace

4814 W Monroe St

Pilsen Apartments
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 | $2,025 | $600 | $9,700 |
| Chicago 1 Bedroom Apartments | $2,477 | $600 | $9,987 |
| Chicago 2 Bedroom Apartments | $3,075 | $850 | $10,000+ |
| Chicago 3 Bedroom Apartments | $3,860 | $883 | $10,000+ |
| Chicago 4 Bedroom Apartments | $4,106 | $970 | $10,000+ |
| Chicago 5 Bedroom Apartments | $7,999 | $1,895 | $10,000+ |
| Chicago 6 Bedroom Apartments | $6,298 | $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 Coleman Place At Legends South which is listed at $170, while the average apartment in Chicago costs $7,242.
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 3,188 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 $516 which is $6,726 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

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.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.