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$919 - $1,282Built in 2022Studio to 1 Bedroom Apartments Available Now
5401 Cornell by 3L Living
5401 S Cornell AveChicago, IL 60615
Cheap New Apartments for Rent in Chicago, IL from $400 (41 Rentals)
Search the lowest-cost Apartments available for rent right now in Chicago.
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$925 - $2,145Built in 2024Studio to 2 Bedroom Apartments Contact Us For Availability
The Boulevard at OC Living
1325 S Washtenaw AveChicago, IL 60608
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$1,140 - $1,700Built in 20171 to 3 Bedroom Apartments Available Now
Park Place Apartments
3630 W 51st StChicago, IL 60632
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$1,227 - $2,095Built in 2021Studio to 1 Bedroom Apartments Available Jan 12
The Winnie
4750 N Winthrop AveChicago, IL 60640
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$1,260 - $2,060Built in 2023Studio to 1 Bedroom Apartments Available Feb 10
The Teller House
4753 N Broadway StChicago, IL 60640
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$1,300 - $4,100Built in 2023Studio to 2 Bedroom Apartments Available Now
Post Chicago
853 W Blackhawk StChicago, IL 60642
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$1,308Built in 20231 Bedroom Apartments Contact Us For Availability
Brand New Lakeview Apartments
913 W School StChicago, IL 60657
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$1,313 - $2,205Built in 2021Studio to 2 Bedroom Apartments Available Now
Elm 551 at Parkside
551 W Elm StChicago, IL 60610
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
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$1,350Built in 20231 Bedroom Apartments Available Now
Prairie CoLiving
2423 S State StChicago, IL 60616
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$1,350Built in 20261 Bedroom Apartments Contact Us For Availability
Stead 220
220 N Ada StChicago, IL 60607
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$1,450 - $4,000Built in 20251 to 3 Bedroom Apartments Available Now
4611 S Ellis Ave
4611 S Ellis AveChicago, IL 60653
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$1,462 - $1,739Built in 2017Studio to 1 Bedroom Apartments Available Jan 15
21st Street Lofts by 3L Living
61 E 21st StChicago, IL 60616
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$1,570 - $2,080Built in 20251 to 2 Bedroom Apartments Contact Us For Availability
Westhaven Park Station
145 N Damen StChicago, IL 60612
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$1,595 - $3,095Built in 2021Studio to 1 Bedroom Apartments Available Now
Anderson Point
5700 N Ashland AveChicago, IL 60660
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$1,595 - $3,750Built in 2023Studio to 2 Bedroom Apartments Available Now
The Sally
1135 W Winona StChicago, IL 60640
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Built in 2023Studio to 2 Bedroom Apartments
Stephen's Commons- Senior Living-Age 62+
833 Wilson AveChicago, IL 60640
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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Built in 20171 to 2 Bedroom Apartments
Midway Pointe Senior Residences
5011 W 47th StChicago, IL 60638
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Built in 2020Studio to 2 Bedroom Apartments
Cicero Senior Lofts
4835 S Cicero AveChicago, IL 60632
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Built in 2019Studio to 2 Bedroom Apartments
KLEO Art Residences
5504 S Michigan AveChicago, IL 60637
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Built in 2017Studio to 2 Bedroom Apartments
4801 North Ravenswood
4801 N Ravenswood AveChicago, IL 60640
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Built in 2020Studio to 3 Bedroom Apartments
1531 W Howard St
1531 W Howard StChicago, IL 60626
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Built in 2017Studio to 1 Bedroom Apartments
The Westerner
2407 W Eastwood AveChicago, IL 60625
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Built in 20221 to 4 Bedroom Apartments
McCormick CoLiving
2401 S State StChicago, IL 60616
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Built in 20231 to 3 Bedroom Apartments
Park Station Lofts
6300 S Maryland AveChicago, IL 60637
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!
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Built in 2024Studio to 2 Bedroom Apartments
The Schoolhouse
4641 N Ashland AveChicago, IL 60640
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Built in 2018Studio to 2 Bedroom Apartments
1323 W Morse Ave
1323 W Morse AveChicago, IL 60626
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Built in 20201 to 2 Bedroom Apartments
Winthrop 6000
6000-6008 N Winthrop AveChicago, IL 60660
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Built in 2022Studio to 3 Bedroom Apartments
Jefferson Park Apartments
5150 N Northwest HwyChicago, IL 60630
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Built in 2024Studio to 2 Bedroom Apartments
4102 N Sheridan Rd
4102 N Sheridan RdChicago, IL 60613
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Built in 2018Studio to 3 Bedroom Apartments
Illume
111 S Peoria StChicago, IL 60607
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Built in 2016Studio to 3 Bedroom Apartments
Wicker Park Lofts
1515-1519 W Haddon AveChicago, IL 60642
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Built in 20181 to 2 Bedroom Apartments
HIGHPOINT Albany Park on Kedzie
4447 N Kedzie AveChicago, IL 60625
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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Built in 2018Studio to 2 Bedroom Apartments
Montauk
1550 N Wieland StChicago, IL 60610
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Built in 2017Studio to 1 Bedroom Apartments
Centrum Lakeview Phase II
3418 N Lincoln AveChicago, IL 60657
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Built in 20242 Bedroom Apartments
Thorndale Paulina
1634-1636 W Thorndale AveChicago, IL 60660
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Built in 2020Studio to 3 Bedroom Apartments
5055 S Dorchester Ave
5055 S Dorchester AveChicago, IL 60615
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$1,115 - $1,335Built in 20252 Bedroom Apartments Available Now
Addison Horizon
500 N Denise CtAddison, IL 60101
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$1,595 - $1,895Built in 20171 Bedroom Apartments Available Now
Brentwood Apartments
630 E George StBensenville, IL 60106
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Built in 2019Studio to 1 Bedroom Apartments
4747 Place
4747 19th StCicero, IL 60804
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Built in 2025Studio to 3 Bedroom Apartments
14031 S School St Riverdale, IL 60827
14031 S School StRiverdale, IL 60827
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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Built in 2021Studio to 3 Bedroom Apartments
6605 North Ave.
6605 North AveOak Park, IL 60302
Showing Results 1-41, Page 1 of 1
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 | $1,935 | $550 | $7,500 |
| Chicago 1 Bedroom Apartments | $2,387 | $450 | $10,000+ |
| Chicago 2 Bedroom Apartments | $2,857 | $750 | $10,000+ |
| Chicago 3 Bedroom Apartments | $3,441 | $800 | $10,000+ |
| Chicago 4 Bedroom Apartments | $3,362 | $1,040 | $10,000+ |
| Chicago 5 Bedroom Apartments | $8,410 | $2,200 | $10,000+ |
| Chicago 6 Bedroom Apartments | $10,242 | $850 | $10,000+ |
Explore Chicago
Chicago, IL Local Guide
- Chicago Neighborhoods
- Nearby Cities
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- Local Counties
- School Districts
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
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Best Neighborhoods to Rent in Near Chicago's Top Employers: A Guide for Renters
A Local Expert's Guide to The 10 Best Chicago Neighborhoods near Major Local Employers. Find your perfect Chicago, IL apartment, condo, or rental home today at ApartmentHomeLiving.com
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
Read ArticleA Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Chicago, IL metro area for affordable living. Find your perfect Chicago Student apartment, condo, or rental home today at ApartmentHomeliving.com
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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If you’re an expert on all things Chicago, tell us what you love (and don't) by rating it and writing a review.
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Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Chicago, IL Rentals by Map
See the most popular apartments and homes in Chicago, IL
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 $825.
What is the price of a cheap apartment in Chicago?
The cheapest apartment in Chicago is The Talman Building which is listed at $850, while the average apartment in Chicago costs $6,173.
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 4,915 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 $474 which is $5,699 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
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!