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from $700Studio to 1 Bedroom Apartments Available Now
Highlands Tudor Manor - 55+ Community
7010-7018 S Cregier AveChicago, IL 60649
Cheap Senior Apartments for Rent in Chicago, IL from $400 with Parking (28 Rentals)
Senior Living Rental Options.
Cheap Apartments in Chicago.
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Studio to 2 Bedroom Apartments
Mayfair Commons - Senior Community
4444 W Lawrence AveChicago, IL 60630
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1 to 2 Bedroom Apartments
Roosevelt Place Senior Apartments
1401-1431 W Roosevelt RdChicago, IL 60608
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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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Studio to 1 Bedroom Apartments
Reverend Daniel Alvarez Apartments
2451 N Sacramento AveChicago, IL 60647
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Apartment Parking Lot Etiquette
Check out some very simple ideas and tips to follow when parking at an apartment community that can make storing your vehicle easier for you and the residents around you.
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Studio to 2 Bedroom Apartments
Stephen's Commons- Senior Living-Age 62+
833 Wilson AveChicago, IL 60640
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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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from $1,194Studio to 2 Bedroom Apartments Available Now
Liberty Village
415 N York StElmhurst, IL 60126
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from $1,4901 Bedroom Apartments Available Now
Burbank Manor Apartments
97 Pinehurst CtBurbank, IL 60459
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from $1,500Studio to 2 Bedroom Apartments Available Now
Legacy Crossings
8975 W Golf RdNiles, IL 60714
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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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Showing Results 1-28, 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 | $2,079 | $575 | $10,000+ |
| Chicago 1 Bedroom Apartments | $2,627 | $750 | $10,000+ |
| Chicago 2 Bedroom Apartments | $3,203 | $850 | $10,000+ |
| Chicago 3 Bedroom Apartments | $3,717 | $825 | $10,000+ |
| Chicago 4 Bedroom Apartments | $3,606 | $875 | $10,000+ |
| Chicago 5 Bedroom Apartments | $4,395 | $1,000 | $10,000+ |
| Chicago 6 Bedroom Apartments | $6,995 | $6,995 | $6,995 |
Explore Chicago
Chicago, IL Local Guide
- Chicago Neighborhoods
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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.
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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 $825.
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 $3,486.
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 2,223 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 $397 which is $3,089 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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.