
Top Rated Cheap Apartments for Rent in Chicago, IL from $400 (292 Rentals) Page 4 of 6
Top Rated Apartments in Chicago.
Cheap Apartments in Chicago.


64th/Kedzie (6401-05)

2046 N. Orleans

5049 S. Drexel Boulevard

6943-6945 S Indiana Ave

7655 S May Chicago, IL 60620

Park Heights by the Lake Apartments

4908 - 4918 N Glenwood

455 W. Wellington

211 E. Ohio St.

6901 S Merrill Chicago, IL 60649

536 W. Addison

523-31 W. Fullerton

Everett Hyde Park

1251 S Michigan - Senior Living

2970 N Sheridan

7755 S Sangamon St 914-918 W 78th St Chicago, IL 60620

Fountainbleau-Cambridge

2800 W Washington Blvd

1323 W Morse Ave

Elm 551 at Parkside

1261 W Argyle

Chase Estates

839 Diversey

629 W. Deming

742 W. Fullerton

1939 N. Lincoln

5302 W Ohio St

2025 E 72nd St 2025-2035 E 72nd St Chicago, IL 60649

Jefferson Park Apartments

6752 N Sauganash Ave

8456 S Wabash Ave 20-28 E 85th Chicago, IL 60619

515 W. Barry

516-524 W. Diversey Parkway

2244 N. Cleveland

1157 W. Diversey

Maple Court

Hollywood Towers

5649 Winthrop

3733 N Janssen

Wolcott Terrace

1020 W Ardmore Ave

The New York Private Residences

Somerset Place Apartments

Luxury condo unit

600 N Lake Shore Dr

R+D659

55 E Erie St

Illume

520 W Belden Ave
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 | $1,929 | $595 | $8,548 |
| Chicago 1 Bedroom Apartments | $2,482 | $525 | $10,000+ |
| Chicago 2 Bedroom Apartments | $3,104 | $762 | $10,000+ |
| Chicago 3 Bedroom Apartments | $3,871 | $883 | $10,000+ |
| Chicago 4 Bedroom Apartments | $3,499 | $879 | $10,000+ |
| Chicago 5 Bedroom Apartments | $8,503 | $2,175 | $10,000+ |
| Chicago 6 Bedroom Apartments | $9,590 | $2,475 | $10,000+ |
Explore Chicago
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 $724.
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 $7,993.
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 5,012 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 $497 which is $7,496 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

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.

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.

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.

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

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.

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.

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.

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.