
Cheap Apartments for Rent in Chicago, IL from $400 with Utilities Included (1,079 Rentals) Page 2 of 22
Apartments with Utilities Included.
Cheap Apartments in Chicago.


1164 N Dearborn

21st Street Lofts by 3L Living

1363-67 E. 53rd St.

Park Apartments

Ivy Park Homes

The Maynard at 5115 N Sheridan

Buena Terrace - 4242 N Sheridan Rd

Loyola Beach Apartments

5500 W 55th St
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.

5326 N Winthrop Ave

14 West Elm Apartments

Oakdale Terrace - 525 W Oakdale Ave

443 Wrightwood

Hyde Park West

6031 N Paulina St

Harbor Point Estates

Eden Commons

4600 N. Winchester / 1940-54 W. Wilson

2415-2417 W Birchwood Ave
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.

6849-6875 S Crandon Ave

Reside on Clarendon

Kenmore Place - 6119 N Kenmore Ave

656 W Belden Ave

Sheridan-Gunnison Apartments

25 E. Delaware

1623 W 61st St

4756 N. Maplewood Ave.

Greenview Apartments

Canterbury Court 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

1330 N Dearborn

Dakin Court - 910 W Dakin St

Renaissance - 901 W Argyle St

1710 W Lunt Ave

540 W. Briar

512-20 W. Cornelia

The Draper

1100 North Lasalle

West Grace Street

1522 N La Salle Dr

7645 N Sheridan Rd

25 W Hubbard St

Chatelaine Apartments

935-941 E 81st St

Ingleside Building

Belle Plaine Apartments

1121-1123 E 82nd St

7520 S. Coles Avenue

South Beach Apartments

Stephen's Commons- Senior Living-Age 62+
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 | $1,964 | $575 | $5,295 |
| Chicago 1 Bedroom Apartments | $2,409 | $650 | $10,000+ |
| Chicago 2 Bedroom Apartments | $2,978 | $850 | $10,000+ |
| Chicago 3 Bedroom Apartments | $3,716 | $740 | $10,000+ |
| Chicago 4 Bedroom Apartments | $3,882 | $1,040 | $10,000+ |
| Chicago 5 Bedroom Apartments | $8,648 | $2,400 | $10,000+ |
| Chicago 6 Bedroom Apartments | $15,599 | $2,925 | $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 $710.
What is the price of a cheap apartment in Chicago?
The cheapest apartment in Chicago is Coleman Place At Legends South which is listed at $170, while the average apartment in Chicago costs $7,408.
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 5,923 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 $496 which is $6,912 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

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.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.