
Cheap Gated Apartments for Rent in Chicago, IL from $400 (269 Rentals) Page 5 of 6
Search the lowest-cost Apartments available for rent right now in Chicago.


1522 N La Salle Dr

1420 S Central Park Ave, Unit 1F

Total Monthly Price
1651 W Jonquil Ter, Unit 16

Total Monthly Price
2309 S Leavitt St, Unit 1st floor

Total Monthly Price
2914 N Allen Ave, Unit 3

7645 N Sheridan Rd

Chatham Park Village-Cooperative (Membership)

536 W. Grant

6725 S Campbell Ave

Chase Manor

4441-4455 N Damen Ave

2701 N. Troy/3120 W. Schubert

3330 N Lake Shore Dr

1810 S Throop St

4310-4316 N Keystone Ave

Deluxe Two Bedroom Condo

600 N Lake Shore Dr

55 E Erie St

R+D659

Illume

Luxury condo unit

7653 S Kingston Ave

4449-55 N. Leavitt St.

Total Monthly Price
1211 Highland Ave

Colonial Court Apartments

Addison Horizon

Scenic Tree Rentals

1116 Washington - Oak Park

Clarence & Harrison Apartments

Mont Clare

Pleasant Oak

304 W Touhy Ave

3230 Home Ave

The Banc Hammond

Chateau Royale

Total Monthly Price
47 Washington, Unit 49-A

Elmhurst Terrace

Terraces of Elk Grove

305-315 S. Oak Park Ave. and 803-805 Randolph St.

Park Ridge Commons

Regents Park Apartments

Dynasty Properties

301-313 N. Oak Park Ave.

7251-7259 Lawrence

Total Monthly Price
515 South Blvd

Presidential Apartments

The Element

Forest Cove Apartments

Orchard Estates 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 | $1,928 | $550 | $6,511 |
| Chicago 1 Bedroom Apartments | $2,427 | $650 | $10,000+ |
| Chicago 2 Bedroom Apartments | $2,974 | $650 | $10,000+ |
| Chicago 3 Bedroom Apartments | $3,704 | $883 | $10,000+ |
| Chicago 4 Bedroom Apartments | $3,079 | $1,040 | $10,000+ |
| Chicago 5 Bedroom Apartments | $8,190 | $2,400 | $10,000+ |
| Chicago 6 Bedroom Apartments | $11,617 | $850 | $10,000+ |
Explore Chicago
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 $700.
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 $5,813.
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 5,660 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 $540 which is $5,273 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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.