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


437-59 W. Belmont Ave.

7334 N Ridge Blvd

The Dickens Courtyard

1246 W. Pratt

The Sherwin at Jarvis Square

520 W Belden Ave

720 W Gordon Terrace

Reside on Wellington
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The Brewery Lofts

Pinnacle Apartments

Heritage Senior Apartments - 55 and over

Sandridge Apartments

ReNew Des Plaines North & South

304 W Touhy Ave

Fairway Green Apartments

Forest Cove Apartments

Oak Trails Apartments
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

Knox Apartments

1123 N 33rd Ave

Live in Oak Park

Elmwood Towers

Montclair Manor

Salt Creek

Riverwalk Senior Residences

Royal Arms Apartments

1419 Washington St
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14021 S Tracy

ReNew Des Plaines North

Des Plaines Apartments

1000 Hinman

Greenfield Square Apartments

504-508 S. Cuyler Ave.

9565 Franklin Ave

947 South Blvd

Orchard Estates Apartments
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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 | $2,042 | $595 | $4,999 |
| Chicago 1 Bedroom Apartments | $2,465 | $640 | $9,987 |
| Chicago 2 Bedroom Apartments | $3,055 | $762 | $10,000+ |
| Chicago 3 Bedroom Apartments | $3,657 | $883 | $10,000+ |
| Chicago 4 Bedroom Apartments | $3,728 | $720 | $10,000+ |
| Chicago 5 Bedroom Apartments | $5,839 | $2,695 | $10,000+ |
| Chicago 6 Bedroom Apartments | $16,985 | $7,000 | $10,000+ |
Browse Top Apartments in Chicago
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Chicago, IL Area Reviews
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 $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.
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