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$595 - $1,810Built in 2023Studio to 2 Bedroom Apartments Contact Us For Availability
Stephen's Commons- Senior Living-Age 62+
833 Wilson AveChicago, IL 60640
Cheap New Apartments for Rent in Chicago, IL from $400 (46 Rentals)
Search the lowest-cost Apartments available for rent right now in Chicago.
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$900 - $1,480Built in 2019Studio to 2 Bedroom Apartments Available Now
KLEO Art Residences
5504 S Michigan AveChicago, IL 60637
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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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$995 - $1,375Built in 2022Studio to 1 Bedroom Apartments Available Now
5401 Cornell by 3L Living
5401 S Cornell AveChicago, IL 60615
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$1,000Built in 20252 Bedroom Apartments Available Now
3411 S Ashland Ave, Unit B
3411 S Ashland AveChicago, IL 60608
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$1,005 - $1,700Built in 20171 to 3 Bedroom Apartments Available Now
Park Place Apartments
3630 W 51st StChicago, IL 60632
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$1,150 - $1,350Built in 20231 Bedroom Apartments Available Now
Prairie CoLiving
2423 S State StChicago, IL 60616
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$1,150 - $3,800Built in 20191 to 3 Bedroom Apartments Available Now
Addams 2.0
1407 W 15th StChicago, IL 60608
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$1,199 - $5,997Built in 2026Studio to 4 Bedroom Apartments Available Now
626 on the Park
626 S Wabash AveChicago, IL 60605
The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago
Chicago may cost more than the national average, but with the right neighborhood, a smart transit strategy, and a few local insider tips, living well in the Windy City is more achievable than you might think. Our local expert breaks down everything from rent and groceries to transportation and healthcare so you can plan your move with confidence.
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$1,234 - $1,725Built in 2021Studio Apartments Available Now
The Winnie
4750 N Winthrop AveChicago, IL 60640
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$1,300 - $1,560Built in 20181 to 2 Bedroom Apartments Available Now
McCrory Senior Apartments
1709 W Washington BlvdChicago, IL 60612
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$1,368 - $4,126Built in 2023Studio to 2 Bedroom Apartments Available Now
Post Chicago
853 W Blackhawk StChicago, IL 60642
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$1,399 - $2,457Built in 2025Studio to 4 Bedroom Apartments Available Now
Straits Row
633 S La Salle StChicago, IL 60605
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$1,429Built in 2017Studio Apartments Available Now
21st Street Lofts by 3L Living
61 E 21st StChicago, IL 60616
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$1,520 - $2,150Built in 2019Studio to 2 Bedroom Apartments Available Now
EDGE on Broadway
6145-6147 N Broadway StChicago, IL 60660
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$1,550 - $1,985Built in 2020Studio to 1 Bedroom Apartments Available Sep 14
The June
5155 N Broadway AveChicago, IL 60640
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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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$1,600
Total Monthly Price
Built in 20212 Bedroom Apartment Available NowTotal Monthly Price
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$1,600
Total Monthly Price
$1,600
619 N Menard Ave, Unit 2
619 N Menard AveChicago, IL 60644
First Apartment Regrets: Real Renters Share What They'd Do Differently
Your first apartment comes with a learning curve nobody warns you about. Hear from real renters who've been there and get the advice they wish someone had given them on day one.
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Built in 2025Studio to 2 Bedroom Apartments
Canvas at Leland Plaza
4713 N Western AveChicago, IL 60625
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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 2018Studio to 2 Bedroom Apartments
7270 S South Shore Dr
7270 S South Shore DrChicago, IL 60649
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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 2016Studio to 3 Bedroom Apartments
Luxe on Chicago
1838 W Chicago AveChicago, IL 60622
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Built in 2021Studio to 3 Bedroom Apartments
Triangle Square
2155 N Elston AveChicago, IL 60614
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Built in 2020Studio to 3 Bedroom Apartments
The Elevation Lofts
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
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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Built in 2024Studio to 2 Bedroom Apartments
Paseo Boricua Arts Building
2709 W Division StChicago, IL 60622
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Built in 20231 to 3 Bedroom Apartments
Park Station Lofts
6300 S Maryland AveChicago, IL 60637
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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 20201 to 2 Bedroom Apartments
Winthrop 6000
6000-6008 N Winthrop AveChicago, IL 60660
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Built in 2021Studio to 3 Bedroom Apartments
Elm 551 at Parkside
551 W Elm StChicago, IL 60610
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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 2020Studio to 3 Bedroom Apartments
Southport Lofts
2061 N Southport AveChicago, IL 60614
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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 2017Studio to 1 Bedroom Apartments
3856 W Diversey Ave
3856 W Diversey AveChicago, IL 60647
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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Built in 20181 to 2 Bedroom Apartments
HIGHPOINT Albany Park on Kedzie
4447 N Kedzie AveChicago, IL 60625
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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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$1,341 - $1,934Built in 2025Studio to 1 Bedroom Apartments Available Now
The Banc Hammond
5231 Hohman AveHammond, IN 46320
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Built in 2025Studio to 3 Bedroom Apartments
14031 S School
14031 S School StRiverdale, IL 60827
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Built in 2019Studio to 1 Bedroom Apartments
4747 19th Street
4747 19th StCicero, IL 60804
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Built in 20251 to 2 Bedroom Apartments
Addison Horizon
500 N Denise CtAddison, IL 60101
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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Built in 2021Studio to 3 Bedroom Apartments
6605 North Ave.
6605 North AveOak Park, IL 60302
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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 | $2,049 | $595 | $9,999 |
| Chicago 1 Bedroom Apartments | $2,455 | $640 | $10,000+ |
| Chicago 2 Bedroom Apartments | $3,048 | $762 | $10,000+ |
| Chicago 3 Bedroom Apartments | $3,703 | $883 | $10,000+ |
| Chicago 4 Bedroom Apartments | $4,083 | $1,025 | $10,000+ |
| Chicago 5 Bedroom Apartments | $5,343 | $2,995 | $10,000+ |
| Chicago 6 Bedroom Apartments | $16,888 | $7,000 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Apartments in Chicago
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Chicago, IL Local Guide
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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 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 ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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Quick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Chicago, IL
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Nicole • 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 $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 $2,314.
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 2,532 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 $463 which is $1,851 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
The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago
Written by: Nicole Harms
When choosing a place to live, there are many things you must consider. Your employer, your shopping preferences, and even schools are all important to think about. Yet cost of living is also important to know and plan for.
Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible
Written by: Nicole Harms
I’m Nicole, you’re ApartmentHomeLiving.com Local Expert for Chicago. There’s no denying I love the Windy City. Yet there’s also no denying that rental homes in Chicago can be pricy, small, and hard to find.
Chicago Relocation 101: Mastering Utilities, Registration, and the CTA
Written by: Nicole Harms
Moving to a new city is always an exciting time, especially one as vibrant and diverse as Chicago. With world-class museums, a breathtaking lakefront, and numerous employment opportunities, there’s much to love about this city.
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
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
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.