
Cheap Apartments for Rent in Chicago, IL from $400 with Utilities Included (1,096 Rentals) Page 3 of 22
Apartments with Utilities Included.
Cheap Apartments in Chicago.


2850 N. Sheridan

451 W. Wrightwood

Park Dearborn

Prairie Park Apartments

Lathrop

Grace Street Towers

Edge @ Sheridan - 5910 N Sheridan Rd

2339 N. Geneva

5726 N. Winthrop
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.

Loyola Beach Apartments

14 West Elm Apartments

1100 North Lasalle

Sheridan Tower - 5650 N Sheridan Rd

1522 N La Salle Dr

850 Argyle Place

25 W Hubbard St

Chatelaine Apartments

935-941 E 81st St

Ingleside Building
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

Belle Plaine Apartments

1121-1123 E 82nd St

7520 S. Coles Avenue

South Beach Apartments

3207 N Keating Ave

5401 S Ellis Ave

Canvas at Leland Plaza

The Midwest Apartments

11000 S Michigan Ave

Park Shore View Apartments

6957 S Michigan Ave

741-53 E 79th St

7241-7255 S Constance Ave

6739 S Jeffery Blvd

First InSite 8044 S Chatam II

South Shore Neighborhood Apartments

First InSite 7959 S Ashland Apartments

1536 E. 83rd Place

7622 N Sheridan Rd

7256 S Rhodes Ave

7948-7958 S Ingleside Ave

7945-7955 S. Drexel Ave.

6314 S Troy St

6838 S Jeffery Blvd

963 E 84th St

7451 S Vernon Ave

6945 S Crandon Ave

Oglesby Arms

7600-14 S South Shore Dr

The Doral
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 | $1,945 | $550 | $10,000+ |
| Chicago 1 Bedroom Apartments | $2,505 | $700 | $10,000+ |
| Chicago 2 Bedroom Apartments | $3,114 | $850 | $10,000+ |
| Chicago 3 Bedroom Apartments | $3,922 | $660 | $10,000+ |
| Chicago 4 Bedroom Apartments | $3,681 | $970 | $10,000+ |
| Chicago 5 Bedroom Apartments | $6,710 | $1,405 | $10,000+ |
| Chicago 6 Bedroom Apartments | $6,344 | $850 | $10,000+ |
Explore Chicago
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 $735.
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 $7,166.
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 4,842 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 $513 which is $6,653 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
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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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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.