Top Rated Cheap Apartments for Rent in Chicago, IL from $400 (292 Rentals) Page 2 of 6

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Top Rated Apartments in Chicago.

Cheap Apartments in Chicago.

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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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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11000 S Michigan Ave
Studio to 2 Bedroom Apartments

11000 S Michigan Ave

11000 S Michigan AveChicago, IL 60628
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8051-8053 S King Dr
Studio to 3 Bedroom Apartments

8051-8053 S King Dr

8051-8053 S King DrChicago, IL 60619
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1536 E. 83rd Place
Studio to 1 Bedroom Apartments

1536 E. 83rd Place

1536 E 83rd PlChicago, IL 60619
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8122-8128 S Indiana Ave
Studio to 1 Bedroom Apartments

8122-8128 S Indiana Ave

8122-8128 S Indiana AveChicago, IL 60619
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Devonshire Apartments
Studio to 1 Bedroom Apartments

Devonshire Apartments

7260 S South Shore DrChicago, IL 60649
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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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7845 S Colfax
1 to 2 Bedroom Apartments

7845 S Colfax

7845 S Colfax AveChicago, IL 60649
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8101-8107 S Langley Ave
1 to 3 Bedroom Apartments

8101-8107 S Langley Ave

8101-8107 S Langley AveChicago, IL 60619
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915 E 83rd St
1 to 2 Bedroom Apartments

915 E 83rd St

915 E 83rd StChicago, IL 60619
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8045-8049 S King Dr
1 to 2 Bedroom Apartments

8045-8049 S King Dr

8045-8049 S King DrChicago, IL 60619
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NOVO Properties - Chicago
Studio to 2 Bedroom Apartments

NOVO Properties - Chicago

6720 S Jeffery BlvdChicago, IL 60649
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4241-4247 N Hermitage Ave
Studio to 2 Bedroom Apartments

4241-4247 N Hermitage Ave

4241-4247 N Hermitage AveChicago, IL 60613
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1203 W Balmoral
Studio to 1 Bedroom Apartments

1203 W Balmoral

1203 W Balmoral AveChicago, IL 60640
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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

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Cicero Senior Lofts
Studio to 2 Bedroom Apartments

Cicero Senior Lofts

4835 S Cicero AveChicago, IL 60632
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620 W. Surf
Studio to 1 Bedroom Apartments

620 W. Surf

620 W Surf StChicago, IL 60657
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8001 S Muskegon Ave
Studio to 2 Bedroom Apartments

8001 S Muskegon Ave

8001 S Muskegon AveChicago, IL 60617
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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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7270 S South Shore Dr
Studio to 2 Bedroom Apartments

7270 S South Shore Dr

7270 S South Shore DrChicago, IL 60649
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1430 N Dearborn St
Studio to 1 Bedroom Apartments

1430 N Dearborn St

1430 N Dearborn StChicago, IL 60610
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5853-5859 S Troy St
1 to 2 Bedroom Apartments

5853-5859 S Troy St

5853-5859 S Troy StChicago, IL 60629
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7110-18 S Ridgeland Ave
Studio to 2 Bedroom Apartments

7110-18 S Ridgeland Ave

7106 Ridgeland Ave SChicago, IL 60649
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Showing Results 51-100, Page 2 of 6

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 $715.

What is the price of a cheap apartment in Chicago?

The cheapest apartment in Chicago is Westhaven Park II - C which is listed at $754, while the average apartment in Chicago costs $8,024.

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 5,027 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 $482 which is $7,542 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

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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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.