Cheap Short Term Lease Apartments for Rent in Chicago, IL from $400 (84 Rentals)

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Short Term Rental Options.

Cheap Apartments in Chicago.

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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The Trilogy at Hyde Park
Rent Specials
$1,484 - $2,509
Total Monthly Price

Total Monthly Price

Base Rent
$1,475 - $2,500
Required Monthly Fees
$9
Total Monthly Price
$1,484 - $2,509
1 to 3 Bedroom Apartments Available Now

The Trilogy at Hyde Park

1310-1316 E Hyde Park BlvdChicago, IL 60615
Corporate Housing
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  • 3D Tour

When Life Happens: Your Options for Ending a Rental Lease Early

Unexpected life events can force you to break your lease. Learn how to communicate with your landlord, negotiate a solution, and understand your legal options for early termination.

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12157 S Michigan Ave
1 Bedroom Apartments

12157 S Michigan Ave

12157 S Michigan AveChicago, IL 60628
Student Housing
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Ivy Tower
Studio to 1 Bedroom Apartments

Ivy Tower

5455 S Blackstone AveChicago, IL 60615
Student Housing
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The Max Apartments
Studio to 1 Bedroom Apartments

The Max Apartments

5135 S Blackstone AveChicago, IL 60615
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2600 W. Logan Blvd
Studio to 2 Bedroom Apartments

2600 W. Logan Blvd

2612 W Logan BlvdChicago, IL 60647
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Ivy Dorchester
Studio to 2 Bedroom Apartments

Ivy Dorchester

5118 S Dorchester AveChicago, IL 60615
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Ivy Dickens
Studio to 1 Bedroom Apartments

Ivy Dickens

5330 S Blackstone AveChicago, IL 60615

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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Ivy Villas
Studio to 2 Bedroom Apartments

Ivy Villas

5514 S Blackstone AveChicago, IL 60637
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Ivy at Shelbyrne
Studio to 2 Bedroom Apartments

Ivy at Shelbyrne

5110 S Kenwood AveChicago, IL 60615
Student Housing
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6011 N Kenmore St
Studio to 1 Bedroom Apartments

6011 N Kenmore St

6011 N Kenmore StChicago, IL 60660
  • Utilities Included
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Ivy at Fairfax
Studio to 3 Bedroom Apartments

Ivy at Fairfax

1369 E Hyde Park BlvdChicago, IL 60615
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Ivy at Carlson
Studio to 2 Bedroom Apartments

Ivy at Carlson

1401 E Hyde Park BlvdChicago, IL 60615
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Ivy at Sylvan
Studio to 1 Bedroom Apartments

Ivy at Sylvan

5532 S Kenwood AveChicago, IL 60637
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Ivy Gayles
Studio to 2 Bedroom Apartments

Ivy Gayles

5316 S Dorchester AveChicago, IL 60615
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Ivy Kenwood
Studio to 2 Bedroom Apartments

Ivy Kenwood

5220 S Kenwood AveChicago, IL 60615
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7700 S Phillips Ave
3 Bedroom Apartments

7700 S Phillips Ave

7700 S Phillips AveChicago, IL 60649
Senior Living
  • Utilities Included

The Freedom of Short-Term Rentals: Exploring the Advantages for Renters

From flexibility to potential costs, explore the key benefits and drawbacks of short-term rental housing from a renter's perspective.

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Ivy Terrace
Studio to 2 Bedroom Apartments

Ivy Terrace

5140 S Kenwood AveChicago, IL 60615
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Ivy at Harper
Studio to 2 Bedroom Apartments

Ivy at Harper

5345 S Harper AveChicago, IL 60615
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Luella Court
1 to 3 Bedroom Apartments

Luella Court

8000 S Luella AveChicago, IL 60617
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1662 W. Farwell Ave.
Studio to 2 Bedroom Apartments

1662 W. Farwell Ave.

1662-1664 W Farwell AveChicago, IL 60626
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Winthrop 5710
Studio to 1 Bedroom Apartments

Winthrop 5710

5710 N WinthropChicago, IL 60660
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1666 Pratt
1 Bedroom Apartments

1666 Pratt

1666 W Pratt BlvdChicago, IL 60626
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911 W. Oakdale Ave.
Studio to 1 Bedroom Apartments

911 W. Oakdale Ave.

910-918 W Oakdale AveChicago, IL 60657
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Ivy at Mason
Studio to 2 Bedroom Apartments

Ivy at Mason

1215 E Hyde Park BlvdChicago, IL 60615
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5500 S. Cornell Avenue
Studio to 4 Bedroom Apartments

5500 S. Cornell Avenue

5493 S Cornell AveChicago, IL 60637
Corporate Housing

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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Chicago, IL Local Guide

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

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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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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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A 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

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Location, Location, Location!

Explore Chicago, IL Rentals by Map

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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

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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.

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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.

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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.

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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

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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.

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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.

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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.

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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.