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$1,600
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2 Bedroom Apartment Available Jul 1Total Monthly Price
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$1,600
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$1,600
1740 N Spaulding Ave, Unit 2
1740 N Spaulding AveChicago, IL 60647
Cheap Apartments for Rent by Owner in Chicago, IL from $400 (74 Rentals) Page 2 of 2
Search the lowest-cost Apartments available for rent right now in Chicago.
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$1,6001 Bedroom Apartment Available Now
5052 W Sunnyside Ave, Unit 3
5052 W Sunnyside AveChicago, IL 60630
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$1,600
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1 Bedroom Apartment Available Jul 1Total Monthly Price
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$1,600
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$1,600
6835 N Wolcott Ave, Unit Garden Unit
6835 N Wolcott AveChicago, IL 60626
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$1,600
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2 Bedroom Apartment Available Aug 1Total Monthly Price
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$1,600
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$1,600
2319 W 25th St, Unit 1
2319 W 25th StChicago, IL 60608
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$1,600
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2 Bedroom Apartment Available Jul 1Total Monthly Price
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$1,600
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$1,600
5115 W Schubert Ave, Unit 2
5115 W Schubert AveChicago, IL 60639
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$1,600
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3 Bedroom Apartment Available Sep 1Total Monthly Price
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$1,600
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$1,600
720 N Homan Ave, Unit 2
720 N Homan AveChicago, IL 60624
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$1,600
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3 Bedroom Apartment Available Jul 15Total Monthly Price
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$1,600
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$1,600
6409 S Rhodes Ave, Unit 2nd FL
6409 S Rhodes AveChicago, IL 60637
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$1,000
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1 Bedroom Apartment Available Jul 1Total Monthly Price
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$1,000
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$1,000
1824 Oak Park Ave, Unit English Basement Apartmen
1824 Oak Park AveBerwyn, IL 60402
Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible
Looking for a rental near Chicago? These five cities offer excellent options! From small-town charm to excellent business options, you can't go wrong!
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$1,150
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2 Bedroom Apartment Available NowTotal Monthly Price
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$1,150
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$1,150
2037 Calumet Ave
2037 Calumet AveWhiting, IN 46394
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$1,200
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1 Bedroom Apartment Available NowTotal Monthly Price
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$1,200
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$1,200
7121 Stanley Ave, Unit H3
7121 Stanley AveBerwyn, IL 60402
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$1,200
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1 Bedroom Apartment Available Jul 1Total Monthly Price
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$1,200
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$1,200
89 Paxton Ave, Unit 89paxton
89 Paxton AveCalumet City, IL 60409
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$1,250
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2 Bedroom Apartment Available NowTotal Monthly Price
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$1,250
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$1,250
724 W 138th St, Unit 3
724 W 138th StRiverdale, IL 60827
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$1,265
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3 Bedroom Apartment Available NowTotal Monthly Price
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$1,265
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$1,265
4823 Northcote Ave, Unit Back house
4823 Northcote AveEast Chicago, IN 46312
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$1,350
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1 Bedroom Apartment Available NowTotal Monthly Price
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$1,350
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$1,350
3439 Harvey Ave, Unit #2
3439 Harvey AveBerwyn, IL 60402
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$1,3901 Bedroom Apartment Available Now
920 E Shady Way, Unit 6
920 E Shady WayArlington Heights, IL 60005
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$1,4001 Bedroom Apartment Available Now
3106 Calwagner St, Unit 2
3106 Calwagner StFranklin Park, IL 60131
Chicago Relocation 101: Mastering Utilities, Registration, and the CTA
Moving to Chicago? This essential relocation guide offers a complete checklist for new residents, covering finding the right neighborhood, setting up utilities (ComEd, People’s Gas), and mastering high-rise moving logistics and vehicle registration.
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$1,500
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2 Bedroom Apartment Available NowTotal Monthly Price
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$1,500
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$1,500
1315 E 31st St, Unit 1
1315 E 31st StLa Grange Park, IL 60526
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$1,5002 Bedroom Apartment Available Now
7021 100th St, Unit APT 3S
7021 100th StChicago Ridge, IL 60415
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$1,5001 Bedroom Apartment Available Now
307 Ridge Rd, Unit First Floor
307 Ridge RdWilmette, IL 60091
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$1,525 - $2,660
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1 to 3 Bedroom Apartment Available NowTotal Monthly Price
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$1,525 - $2,660
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$1,525 - $2,660
2136 N 74th Ct
2136 N 74th CtElmwood Park, IL 60707
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$1,545
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3 Bedroom Apartment Available Jul 1Total Monthly Price
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$1,545
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$1,545
1237 S 51st Ave, Unit 2F
1237 S 51st AveCicero, IL 60804
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$1,550
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2 Bedroom Apartment Available NowTotal Monthly Price
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$1,550
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$1,550
7210 Park Ave, Unit 1
7210 Park AveSummit, IL 60501
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$1,550
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1 Bedroom Apartment Available Jul 1Total Monthly Price
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$1,550
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$1,550
1041 N Northwest Hwy, Unit A
1041 N Northwest HwyPark Ridge, IL 60068
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$1,600
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1 Bedroom Apartment Available NowTotal Monthly Price
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$1,600
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$1,600
660 Perrie Drive, Unit 101
660 Perrie DriveElk Grove Village, IL 60007
Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago
Learn about the best things about living in Chicago from a local in the Insiders Guide to Renting in Chicago. Find your perfect Chicago apartment today!
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 | $2,030 | $595 | $4,840 |
| Chicago 1 Bedroom Apartments | $2,469 | $640 | $9,987 |
| Chicago 2 Bedroom Apartments | $3,020 | $762 | $10,000+ |
| Chicago 3 Bedroom Apartments | $3,681 | $883 | $10,000+ |
| Chicago 4 Bedroom Apartments | $3,556 | $924 | $10,000+ |
| Chicago 5 Bedroom Apartments | $6,130 | $1,995 | $10,000+ |
| Chicago 6 Bedroom Apartments | $7,674 | $6,700 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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Chicago, IL Area Reviews
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Write a ReviewNicole • 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 Westhaven Park II - C which is listed at $754, while the average apartment in Chicago costs $7,494.
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 3,059 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 $484 which is $7,010 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.