Top Rated Cheap Apartments for Rent in Chicago, IL from $400 (86 Rentals) Page 2 of 2

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Top Rated Apartments in Chicago.

Cheap Apartments in Chicago.

close
View Me
536 W. Addison
Studio to 2 Bedroom Apartments

536 W. Addison

536 W Addison StChicago, IL 60613
close
View Me
437-59 W. Belmont Ave.
1 to 3 Bedroom Apartments

437-59 W. Belmont Ave.

437-459 W Belmont AveChicago, IL 60657
  • Utilities Included
close
View Me
7334 N Ridge Blvd
Studio to 2 Bedroom Apartments

7334 N Ridge Blvd

7334 N Ridge BlvdChicago, IL 60645
  • Utilities Included
close
View Me
The Dickens Courtyard
1 to 3 Bedroom Apartments

The Dickens Courtyard

3631 W Dickens AveChicago, IL 60647
  • Utilities Included
close
View Me
1246 W. Pratt
Studio to 2 Bedroom Apartments

1246 W. Pratt

1246 W Pratt BlvdChicago, IL 60626
  • Utilities Included
close
View Me
520 W Belden Ave
Studio to 2 Bedroom Apartments

520 W Belden Ave

520 W Belden AveChicago, IL 60614
  • Utilities Included
close
View Me
Reside on Wellington
Studio to 2 Bedroom Apartments

Reside on Wellington

510-520 W Wellington AveChicago, IL 60657
  • Utilities Included

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!

close
View Me
The Brewery Lofts
1 to 2 Bedroom Apartments

The Brewery Lofts

1301 W Fletcher StChicago, IL 60657
  • Utilities Included

Chicago's Best Affordable Neighborhoods

Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms

close
View Me
Knox Apartments
Studio to 1 Bedroom Apartments

Knox Apartments

15301-15310 S Knox Ave, OakOak Forest, IL 60452
  • Utilities Included
close
View Me
1123 N 33rd Ave
1 Bedroom Apartments

1123 N 33rd Ave

1123 N 33rd AveMelrose Park, IL 60160
  • Utilities Included
close
View Me
Live in Oak Park
Studio to 3 Bedroom Apartments

Live in Oak Park

1041 South BlvdOak Park, IL 60302
  • Utilities Included
close
View Me
Elmwood Towers
Studio to 1 Bedroom Apartments

Elmwood Towers

7300 W North AveElmwood Park, IL 60707
Senior Living
  • Utilities Included
close
View Me
Montclair Manor
1 to 3 Bedroom Apartments

Montclair Manor

11625-57 S Pulaski RdAlsip, IL 60803
  • Utilities Included
close
View Me
Salt Creek
1 Bedroom Apartments

Salt Creek

125 S Villa AveAddison, IL 60101
  • Utilities Included
close
View Me
Royal Arms Apartments
Studio to 1 Bedroom Apartments

Royal Arms Apartments

3001 N Thatcher AveRiver Grove, IL 60171
  • Utilities Included
close
View Me
1419 Washington St
1 Bedroom Apartments

1419 Washington St

1419 Washington StEvanston, IL 60202
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

close
View Me
14021 S Tracy
2 Bedroom Apartments

14021 S Tracy

14021 S Tracy AveRiverdale, IL 60827
close
View Me
Des Plaines Apartments
1 to 2 Bedroom Apartments

Des Plaines Apartments

510-570 E Seegers RdDes Plaines, IL 60016
  • Utilities Included
close
View Me
1000 Hinman
Studio to 2 Bedroom Apartments

1000 Hinman

1000-1010 Hinman AveEvanston, IL 60202
  • Utilities Included
close
View Me
504-508 S. Cuyler Ave.
Studio to 1 Bedroom Apartments

504-508 S. Cuyler Ave.

504-508 S Culyer AveOak Park, IL 60304
  • Utilities Included
close
View Me
9565 Franklin Ave
1 Bedroom Apartments

9565 Franklin Ave

9565 Franklin AveFranklin Park, IL 60131
  • Smoke Free
close
View Me
947 South Blvd
1 Bedroom Apartments

947 South Blvd

947 South BlvdOak Park, IL 60302

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Chicago, IL Area Reviews

  • Parks
  • Entertainment
  • Local Vibes
  • Restaurants
  • Location
  • Traffic
  • Public Transportation
  • Outdoor Access
  • Cost of Living
  • Safety

Nicole4+ years in Chicago

April 10, 2026

Big 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 $745.

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 $4,069.

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 2,250 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 $454 which is $3,615 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

decorative image for The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago article

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.

decorative image for Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible article

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.

decorative image for Chicago Relocation 101: Mastering Utilities, Registration, and the CTA article

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.

decorative image for Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago article

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

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.