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$925 - $2,145Built in 2024Studio to 2 Bedroom Apartments Contact Us For Availability
OC Living
1325 S Washtenaw AveChicago, IL 60608
Cheap New Apartments for Rent in Chicago, IL from $400 (47 Rentals)
Search the lowest-cost Apartments available for rent right now in Chicago.
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$989 - $1,029Built in 2022Studio Apartments Available Now
5401 Cornell by 3L Living
5401 S Cornell AveChicago, IL 60615
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$1,050 - $1,100Built in 2015Studio Apartments Available Now
2411 West Fitch
2401 W Fitch AveChicago, IL 60645
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$1,122 - $1,339Built in 20231 Bedroom Apartments Available Now
2423 S State
2423 S State StChicago, IL 60616
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$1,140 - $1,600Built in 20172 to 3 Bedroom Apartments Available Now
Park Place Apartments
3630 W 51st StChicago, IL 60632
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$1,147 - $1,663Built in 20221 to 4 Bedroom Apartments Available Now
2401 S State
2401 S State StChicago, IL 60616
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$1,210 - $1,820Built in 2015Studio to 1 Bedroom Apartments Available Now
Parkway Apartments
712 W Diversey PkwyChicago, IL 60614
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$1,227 - $1,575Built in 2021Studio Apartments Available Now
The Winnie
4750 N Winthrop AveChicago, IL 60640
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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
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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$1,442 - $1,739Built in 2017Studio to 1 Bedroom Apartments Available Now
21st Street Lofts by 3L Living
61 E 21st StChicago, IL 60616
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$1,450 - $3,725Built in 2025Studio to 3 Bedroom Apartments Contact Us For Availability
Roosevelt Square
1357 W Roosevelt RdChicago, IL 60608
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$1,495 - $5,000Built in 2021Studio to 3 Bedroom Apartments Available Now
Anderson Point
5700 N Ashland AveChicago, IL 60660
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$1,510Built in 2019Studio to 2 Bedroom Apartments Available Now
EDGE on Broadway
6145-6147 N Broadway StChicago, IL 60660
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$1,512 - $1,726Built in 2025Studio to 1 Bedroom Apartments Available Now
Canvas at Leland Plaza
4713 N Western AveChicago, IL 60625
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$1,515 - $2,250Built in 2023Studio to 1 Bedroom Apartments Available Now
The Teller House
4753 N Broadway StChicago, 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
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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Built in 2023Studio to 2 Bedroom Apartments
Stephen's Commons- Senior Living-Age 62+
833 Wilson AveChicago, IL 60640
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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 2017Studio to 2 Bedroom Apartments
4801 North Ravenswood
4801 N Ravenswood AveChicago, IL 60640
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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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Built in 2022Studio to 3 Bedroom Apartments
Jefferson Park Apartments
5150 N Northwest HwyChicago, IL 60630
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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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The 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.
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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 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 Oct 1
Addison Horizon
500 N Denise CtAddison, IL 60101
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$1,200 - $2,200Built in 2025Studio to 2 Bedroom Apartments Available Now
The Banc Hammond
5231 Hohman AveHammond, IN 46320
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$1,590 - $4,118Built in 2017Studio to 3 Bedroom Apartments Available Now
The Residences at Hamilton Lakes
1133 N Arlington Heights RdItasca, IL 60143
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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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$1,599 - $3,566Built in 2018Studio to 3 Bedroom Apartments Available Now
Buckingham
750 E Northwest HwyDes Plaines, IL 60016
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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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Showing Results 1-47, 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 | $1,874 | $575 | $8,711 |
| Chicago 1 Bedroom Apartments | $2,326 | $700 | $9,250 |
| Chicago 2 Bedroom Apartments | $2,975 | $825 | $10,000+ |
| Chicago 3 Bedroom Apartments | $3,580 | $788 | $10,000+ |
| Chicago 4 Bedroom Apartments | $3,935 | $650 | $10,000+ |
| Chicago 5 Bedroom Apartments | $9,672 | $1,650 | $10,000+ |
| Chicago 6 Bedroom Apartments | $14,468 | $1,795 | $10,000+ |
Explore Chicago
Chicago, IL Local Guide
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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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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
Getting Around Chicago, IL
Walk Score®
83 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
77 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
66 / 100
Good Transit
Many nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $775.
What is the price of a cheap apartment in Chicago?
The cheapest apartment in Chicago is 1155 W 83rd St which is listed at $750, while the average apartment in Chicago costs $6,131.
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 2,657 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 $500 which is $5,631 cheaper than the average rent for all rentals in Chicago.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.