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$849 - $2,149Studio to 4 Bedroom Apartments Contact Us For Availability
Arc at Old Colony
407 S Dearborn StChicago, IL 60605
Cheap Student Apartments for Rent in Chicago, IL from $400 (33 Rentals)
Student Housing Options in Chicago.
Cheap Apartments in Chicago.
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Rent Specials
$989 - $2,814Studio to 4 Bedroom Apartments Available Aug 21
The Buckingham Student Living
59 E Van Buren StChicago, IL 60605
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$999 - $4,2505 to 6 Bedroom Apartments Available Now
Luxury Student Housing at Leavitt Place
2157 W 21st StChicago, IL 60608
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$1,025 - $1,4244 Bedroom Apartments Available Aug 21
Dwight Lofts
642 S Clark StChicago, IL 60605
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$1,040 - $2,175
Total Monthly Price
1 to 4 Bedroom Apartments Contact Us For AvailabilityTotal Monthly Price
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$1,040 - $2,175
Total Monthly Price
$1,040 - $2,175
Letterman Chicago
410 S Morgan StChicago, IL 60607
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$1,045 - $1,1451 Bedroom Apartments Available Now
Violet Coliving
2104 W 21st PlChicago, IL 60608
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$1,075 - $2,785Studio to 3 Bedroom Apartments Available Now
Lake Meadows Apartments
3233 S KingChicago, IL 60616
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$1,140 - $2,708Studio to 1 Bedroom Apartments Available Now
2Sisters Apartments
5123 S Kimbark AveChicago, IL 60615
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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$1,150 - $3,8001 to 3 Bedroom Apartments Available Now
Addams 2.0
1407 W 15th StChicago, IL 60608
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$1,172 - $2,705Studio to 1 Bedroom Apartments Available Now
Plaisance Apartments
6104 S Woodlawn AveChicago, IL 60637
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$1,230 - $2,260Studio to 4 Bedroom Apartments Available Aug 17
Tailor Lofts Student Living
315 S Peoria StChicago, IL 60607
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$1,2301 Bedroom Apartments Contact Us For Availability
5020 S Woodlawn Ave
5020-5030 S Woodlawn AveChicago, IL 60615
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$1,243 - $3,856Studio to 2 Bedroom Apartments Available Sep 7
The Flamingo Apartments
5500 S Shore DrChicago, IL 60637
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$1,253 - $7,770Studio to 4 Bedroom Apartments Available Now
The 808 Cleveland
808 N Cleveland AveChicago, IL 60610
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$1,368 - $4,126Studio to 2 Bedroom Apartments Available Now
Post Chicago
853 W Blackhawk StChicago, IL 60642
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$1,399 - $2,457Studio to 4 Bedroom Apartments Available Now
Straits Row
633 S La Salle StChicago, IL 60605
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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$1,5251 Bedroom Apartments Available Sep 1
Greenview Apartments
7522 N GreenviewChicago, IL 60626
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Studio to 1 Bedroom Apartments
Ivy Tower
5455 S Blackstone AveChicago, IL 60615
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1 Bedroom Apartments
12157 S Michigan Ave
12157 S Michigan AveChicago, IL 60628
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Studio to 2 Bedroom Apartments
618 S Racine Ave
618 S Racine AveChicago, IL 60607
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Studio to 4 Bedroom Apartments
Student | Infinite Chicago
28 E Jackson BlvdChicago, IL 60604
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Studio to 2 Bedroom Apartments
Ivy at Shelbyrne
5110 S Kenwood AveChicago, IL 60615
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Studio to 2 Bedroom Apartments
The Nelson
710 W 14th StChicago, IL 60607
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1 to 5 Bedroom Apartments
Avenue on Kenwood - Co-Living
6156 S Kenwood AveChicago, IL 60637
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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4 Bedroom Apartments
1624 S Throop St
1624 S Throop StChicago, IL 60608
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1 to 2 Bedroom Apartments
Ivy Hastings
5125 S Kenwood AveChicago, IL 60615
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1 to 3 Bedroom Apartments
Bridgeport
2800 S Union AveChicago, IL 60616
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Studio to 2 Bedroom Apartments
Brix on Morse
1340 W Morse AveChicago, IL 60626
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Studio to 4 Bedroom Apartments
Harris Point Chicago
1404 W Taylor StChicago, IL 60607
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1 to 3 Bedroom Apartments
The Oasis of Bucktown
2400 W Wabansia AveChicago, IL 60647
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1 Bedroom Apartments
Ivy Greens
5439-5445 S Woodlawn AveChicago, IL 60615
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$1,3492 Bedroom Apartments Available Oct 28
Boulevard North Townhomes
1936 E 167th StHammond, IN 46324
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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$1,418 - $2,7641 to 3 Bedroom Apartments Available Now
Residences at Arlington Heights
2134 S Goebbert RdArlington Heights, IL 60005
Showing Results 1-33, 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 | $2,039 | $595 | $9,999 |
| Chicago 1 Bedroom Apartments | $2,459 | $640 | $9,168 |
| Chicago 2 Bedroom Apartments | $3,055 | $762 | $10,000+ |
| Chicago 3 Bedroom Apartments | $3,710 | $883 | $10,000+ |
| Chicago 4 Bedroom Apartments | $3,932 | $1,025 | $10,000+ |
| Chicago 5 Bedroom Apartments | $5,438 | $2,995 | $10,000+ |
| Chicago 6 Bedroom Apartments | $16,906 | $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
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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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Chicago, IL Area Reviews
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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 $2,316.
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 2,553 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 $453 which is $1,863 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.