Cheap Gated Apartments for Rent in Chicago, IL from $400 (207 Rentals) Page 3 of 5

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1329 W Wilson Ave, Unit 607
$1,450
Total Monthly Price

Total Monthly Price

Base Rent
$1,450
Total Monthly Price
$1,450
Studio Apartment Available Sep 1

1329 W Wilson Ave, Unit 607

1329 W Wilson AveChicago, IL 60640
Affordability
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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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1330 N Dearborn
$1,500 - $2,200
Total Monthly Price

Total Monthly Price

Base Rent
$1,500 - $2,200
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Contact Us For Availability

1330 N Dearborn

1330 N Dearborn StChicago, IL 60610
Affordability
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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.

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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.

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468 West Melrose
Rent Specials
$1,595 - $2,095
Total Monthly Price

Total Monthly Price

Base Rent
$1,595 - $2,095
Total Monthly Price
$1,595 - $2,095
Studio to 1 Bedroom Apartments Available Sep 5

468 West Melrose

468 W Melrose StChicago, IL 60657
Pet Friendly
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  • Utilities Included
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Chicago, IL Area Reviews

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Nicole • 4+ years in Chicago

April 10, 2026

Big 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 $660, while the average apartment in Chicago costs $2,316.

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 2,553 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 $453 which is $1,863 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.

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