Cheap Apartments for Rent in Chicago, IL from $400 with Air Conditioning (563 Rentals) Page 4 of 12
Search the lowest-cost Apartments available for rent right now in Chicago.

The Oliver on LaSalle

1100 North Lasalle

540 West Roscoe Street

Dearborn North

Eden Commons

1608 N Bosworth Ave, Unit G

532 W Arlington Pl, Unit A04C

532 W Arlington Pl, Unit M09B

4738 N Hermitage Ave, Unit M01B

1154 N Dearborn St, Unit M07B

1150 N Dearborn St, Unit M01B

535 W Arlington Pl, Unit #536-315

7320 N Ridge Blvd, Unit 20.5-3W

1919 W Winnemac Ave, Unit M08B

2510 N LeClaire Ave, Unit 2

5972 S Archer Ave, Unit GN

4750 N Kenneth Ave

1037 N Springfield Ave

8026 S Coles Ave

6601 S Washtenaw Ave.

2501 S Lawndale Ave

7841 S Loomis Blvd

14 West Elm Apartments

Grace Street Towers

3759 S Union Ave

1154 N Lawndale Ave

District @ Sheridan - 5536 N Sheridan Rd

Hyde Park West

3332 W Polk St

1906 W 34th Pl

552 W Arlington Pl, Unit M09B

515 W Arlington Pl, Unit M07B
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 | $1,878 | $575 | $8,000 |
Chicago 1 Bedroom Apartments | $2,324 | $700 | $10,000+ |
Chicago 2 Bedroom Apartments | $2,971 | $825 | $10,000+ |
Chicago 3 Bedroom Apartments | $3,617 | $788 | $10,000+ |
Chicago 4 Bedroom Apartments | $3,917 | $650 | $10,000+ |
Chicago 5 Bedroom Apartments | $9,273 | $2,800 | $10,000+ |
Chicago 6 Bedroom Apartments | $18,466 | $1,795 | $10,000+ |
Explore Chicago
Getting Around Chicago, IL
Walk Score®
83 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
77 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
66 / 100
Good Transit
Many nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $780.
What is the price of a cheap apartment in Chicago?
The cheapest apartment in Chicago is 1155 W 83rd St which is listed at $750, while the average apartment in Chicago costs $6,206.
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 2,618 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 $489 which is $5,717 cheaper than the average rent for all rentals in Chicago.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.