Top Rated Cheap Apartments for Rent in Chicago, IL from $400 (279 Rentals) Page 5 of 6
Top Rated Apartments in Chicago.
Cheap Apartments in Chicago.

7251-7259 Lawrence

1000 - 1010 North Blvd

Colonial Court Apartments

Courts of the Fountains

ReNew Des Plaines North

Mont Clare

101-111 S. Harvey Ave. and 237-249 South Blvd

Perry Grove Apartments

The Banc Hammond

126-132 N. Elmwood Ave. and 418-426 Lake St.

Elmhurst Terrace

1000 Hinman

ReNew Des Plaines North & South

Linden Towers *Washer & Dryer in Apartment*

Orion Prospect

Terraces of Elk Grove

Forest Cove Apartments

Oak Lawn Blu

Grand Park Apartments

Presidential Apartments

Legacy Crossings

Glen Oaks Commons

Orchard Lakes Apartments

The Bennington

The Residences at Sawmill Station

Ashton Arlington Heights

Main Station Apartments

The Bryant at Oak Park

Updated Apartments Located at 800 Michigan
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 | $2,079 | $575 | $10,000+ |
Chicago 1 Bedroom Apartments | $2,665 | $575 | $10,000+ |
Chicago 2 Bedroom Apartments | $3,197 | $900 | $10,000+ |
Chicago 3 Bedroom Apartments | $3,709 | $1,075 | $10,000+ |
Chicago 4 Bedroom Apartments | $3,352 | $1,040 | $10,000+ |
Chicago 5 Bedroom Apartments | $5,199 | $2,150 | $10,000+ |
Chicago 6 Bedroom Apartments | $6,716 | $4,795 | $10,000+ |
Explore Chicago
Getting Around Chicago, IL
Walk Score®
83 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
77 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
66 / 100
Good Transit
Many nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $770.
What is the price of a cheap apartment in Chicago?
The cheapest apartment in Chicago is 5445 Ingleside By 3L Living which is listed at $748, while the average apartment in Chicago costs $3,389.
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 2,108 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 $431 which is $2,958 cheaper than the average rent for all rentals in Chicago.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.