
Cheap Apartments for Rent in Chicago, IL from $400 with Washer/Dryer (234 Rentals) Page 2 of 5
Search the lowest-cost Apartments available for rent right now in Chicago.


Total Monthly Price
511 W 62nd St

2918 S Haynes Ct, Unit 1F

3312 W Flournoy St

2228 W 18th Pl, Unit 2M

Presidential Towers

6329 S Loomis Blvd, Unit 2

509 E 44th St

3658 W George St

Total Monthly Price
1705 W Lunt Ave, Unit S, Unit S
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.

Loyola Beach Apartments

Total Monthly Price
641 W Wrightwood Ave, Unit 115, Unit 115

EDGE on Broadway

5849 W Midway Park, Unit 3rd floor

Sheridan Tower - 5650 N Sheridan Rd

Total Monthly Price
4604 N Monticello Ave, Unit 3E, Unit 3E

1100 North Lasalle

Total Monthly Price
515 W Belmont Ave, Unit S, Unit S

Total Monthly Price
517 W Belmont Ave, Unit 3, Unit 3

Total Monthly Price
1517 W Howard 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.

Total Monthly Price
5644 N Clark St

Total Monthly Price
2600 W Morse Ave, Unit Garden, Unit Garden

3346 N Marshfield Ave, Unit 1, Unit 1

Total Monthly Price
3855 N Greenview Ave

Total Monthly Price
3849 N Greenview Ave

4008 W Nelson St, Unit 8A, Unit 8A

7237 N Sheridan Rd

Total Monthly Price
541 W Belmont Ave

6341 S Elizabeth St

2706 S Wallace St, Unit FL 2
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.

Total Monthly Price
2415 W Arthington St, Unit Unit #2, Unit Unit #2

Total Monthly Price
7655 N Sheridan Rd

Total Monthly Price
1651 W Jonquil Ter, Unit 16, Unit 16

Total Monthly Price
2309 S Leavitt St, Unit 1st floor, Unit 1st floor

10601 S Artesian Ave, Unit 1

Total Monthly Price
1415 N Massasoit Ave, Unit MASSASOIT, Unit MASSASOIT

5641 N Magnolia Ave

1522 N La Salle Dr

6501 N Claremont Ave

1661 S Homan Ave
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

25 W Hubbard St

Canvas at Leland Plaza

Mayfair Commons - Senior Community

7949 S St Lawrence

7000-7002 S Dorchester Ave

1203 W Balmoral

7516-7524 N Seeley Ave

7051 S Bennett Ave

Darlington Apartments

506 154th place Calumet City,il
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 | $1,938 | $550 | $5,398 |
| Chicago 1 Bedroom Apartments | $2,478 | $525 | $10,000+ |
| Chicago 2 Bedroom Apartments | $3,074 | $762 | $10,000+ |
| Chicago 3 Bedroom Apartments | $3,848 | $883 | $10,000+ |
| Chicago 4 Bedroom Apartments | $3,333 | $879 | $10,000+ |
| Chicago 5 Bedroom Apartments | $8,335 | $2,175 | $10,000+ |
| Chicago 6 Bedroom Apartments | $6,915 | $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 $726.
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 $7,734.
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 4,934 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 $485 which is $7,249 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

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.

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.