Cheap Apartments for Rent in Chicago, IL from $400 with Air Conditioning (561 Rentals) Page 8 of 12

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Search the lowest-cost Apartments available for rent right now in Chicago.

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Chatelaine Apartments
Studio to 1 Bedroom Apartments

Chatelaine Apartments

4911 N Winthrop AveChicago, IL 60640
  • Utilities Included
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The Doral
Studio to 1 Bedroom Apartments

The Doral

7616 S South Shore DrChicago, IL 60649
  • Utilities Included
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Cornell Arms Apartments
Studio to 1 Bedroom Apartments

Cornell Arms Apartments

5212-5220 S Cornell AveChicago, IL 60615
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South Shore Drive
Studio to 1 Bedroom Apartments

South Shore Drive

7200 S Shore DrChicago, IL 60649
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1441 W Howard St
Studio to 2 Bedroom Apartments

1441 W Howard St

1441 W Howard StChicago, IL 60626
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The Sheridan Pratt
Studio to 1 Bedroom Apartments

The Sheridan Pratt

6758 N Sheridan RdChicago, IL 60626
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6163 N Kenmore Ave
Studio to 1 Bedroom Apartments

6163 N Kenmore Ave

6163 N Kenmore AveChicago, IL 60660
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5454 S Laramie Ave
1 Bedroom Apartments

5454 S Laramie Ave

5454 S Laramie AveChicago, IL 60638
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549 W. Aldine
Studio to 1 Bedroom Apartments

549 W. Aldine

549 W AldineChicago, IL 60657
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7555 S Hermitage Ave
1 Bedroom Apartments

7555 S Hermitage Ave

7555 S Hermitage AveChicago, IL 60620
  • Utilities Included
  • Smoke Free

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

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 $788.

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 $6,465.

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 2,577 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 $509 which is $5,956 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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago article

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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.