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$1,550 - $1,850Studio to 1 Bedroom Apartments Available Dec 1
Loyola Beach Apartments
7064 N Sheridan RdChicago, IL 60626
Cheap Apartments for Rent in Chicago, IL from $400 with Washer/Dryer (209 Rentals) Page 2 of 5
Search the lowest-cost Apartments available for rent right now in Chicago.
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$1,550 - $2,025Studio to 1 Bedroom Apartments Available Now
640 W Wrightwood Ave
640 W Wrightwood AveChicago, IL 60614
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$1,575
Total Monthly Price
3 Bedroom Apartment Available Nov 1Total Monthly Price
Base Rent
$1,575
Total Monthly Price
$1,575
8414 S Cregier Ave, Unit 2 North
8414 S Cregier AveChicago, IL 60617
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$1,578 - $2,668Studio to 2 Bedroom Apartments Available Now
Sheridan Tower - 5650 N Sheridan Rd
5650 N Sheridan RdChicago, IL 60660
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$1,585 - $3,299Studio to 2 Bedroom Apartments Available Sep 1
District @ Sheridan - 5536 N Sheridan Rd
5536 N Sheridan RdChicago, IL 60640
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$1,586 - $4,427Studio to 3 Bedroom Apartments Available Now
The Bryn - 5600 N Sheridan Rd
5600 N Sheridan RdChicago, IL 60660
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$1,590 - $2,150Studio to 1 Bedroom Apartments Contact Us For Availability
1100 North Lasalle
1100 N La Salle BlvdChicago, IL 60610
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$1,595
Total Monthly Price
Studio Apartment Available Sep 1Total Monthly Price
Base Rent
$1,595
Total Monthly Price
$1,595
3350 N Marshfield Ave, Unit S
3350 N Marshfield AveChicago, IL 60657
2439 W Birchwood Ave
ChicagoIL60645
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$1,600
Total Monthly Price
1 Bedroom Apartment Available Jul 29, 2027Total Monthly Price
Base Rent
$1,600
Total Monthly Price
$1,600
3036 N Drake Ave, Unit 3036-1R
3036 N Drake AveChicago, IL 60618
Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago
Learn about the best things about living in Chicago from a local in the Insiders Guide to Renting in Chicago. Find your perfect Chicago apartment today!
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$1,600
Total Monthly Price
1 Bedroom Apartment Available Oct 1Total Monthly Price
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$1,600
Total Monthly Price
$1,600
1312 W Erie St, Unit 1 Br Apartment
1312 W Erie StChicago, IL 60642
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$1,600 - $4,600Studio to 2 Bedroom Apartments Contact Us For Availability
1522 N La Salle Dr
1522 N La Salle DrChicago, IL 60610
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$1,600
Total Monthly Price
2 Bedroom Apartment Available Sep 1Total Monthly Price
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$1,600
Total Monthly Price
$1,600
2827 W 23rd St, Unit 2B
2827 W 23rd StChicago, IL 60623
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$1,6002 Bedroom Apartments Available Now
6341 S Elizabeth St
6341 S Elizabeth StChicago, IL 60636
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1 to 2 Bedroom Apartments
25 W Hubbard St
25 W Hubbard StChicago, IL 60654
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2 Bedroom Apartments
1524 W Garfield Blvd
1524 W Garfield BlvdChicago, IL 60609
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Studio to 2 Bedroom Apartments
Mayfair Commons - Senior Community
4444 W Lawrence AveChicago, IL 60630
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Studio to 2 Bedroom Apartments
Canvas at Leland Plaza
4713 N Western AveChicago, IL 60625
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1 to 2 Bedroom Apartments
7949 S St Lawrence
7949 S Saint Lawrence AveChicago, IL 60619
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Studio to 1 Bedroom Apartments
1203 W Balmoral
1203 W Balmoral AveChicago, IL 60640
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
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1 to 2 Bedroom Apartments
7000-7002 S Dorchester Ave
7000-7002 S Dorchester AveChicago, IL 60637
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Studio to 1 Bedroom Apartments
7516-7524 N Seeley Ave
7516-7524 N Seeley AveChicago, IL 60645
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Studio to 1 Bedroom Apartments
7051 S Bennett Ave
7051 S Bennett AveChicago, IL 60649
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2 Bedroom Apartments
506 154th place Calumet City,il
8017 S Maryland AveChicago, IL 60619
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Studio to 3 Bedroom Apartments
Luxe on Chicago
1838 W Chicago AveChicago, IL 60622
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Studio to 3 Bedroom Apartments
Triangle Square
2155 N Elston AveChicago, IL 60614
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Studio to 1 Bedroom Apartments
6011 N Kenmore St
6011 N Kenmore StChicago, IL 60660
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1 Bedroom Apartments
Lakeside Tower
910 W Lawrence AveChicago, IL 60640
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1 to 2 Bedroom Apartments
Rosenwald Courts
4600-4602 S Michigan AveChicago, IL 60653
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1 to 2 Bedroom Apartments
Touhy - by - the - Lake
1317-1325 W Touhy AveChicago, IL 60626
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
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1 to 2 Bedroom Apartments
4815 N Springfield
4815 N SpringfieldChicago, IL 60625
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Studio Apartments
Foswyn
5240 N Winthrop AveChicago, IL 60640
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1 to 3 Bedroom Apartments
1635-1637 W Touhy
1635-1637 W Touhy AveChicago, IL 60626
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Studio to 1 Bedroom Apartments
5545-5551 N Magnolia Ave
5545-5551 N Magnolia AveChicago, IL 60640
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Studio Apartments
The North Hotel
1622 N California AveChicago, IL 60647
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Studio to 1 Bedroom Apartments
The Ambassador
5959 N Kenmore AveChicago, IL 60660
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3 to 4 Bedroom Apartments
St. Edmund's Meadows
6100 S Michigan AveChicago, IL 60637
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Studio to 3 Bedroom Apartments
The Park Terrace
2451 W Howard StChicago, IL 60645
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Studio to 3 Bedroom Apartments
The Elevation Lofts
1531 W Howard StChicago, IL 60626
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1 to 4 Bedroom Apartments
The Damen Jarvis
7320-7330 N Damen AveChicago, IL 60645
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
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Studio to 2 Bedroom Apartments
Ivy Terrace
5140 S Kenwood AveChicago, IL 60615
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1 to 3 Bedroom Apartments
Lake Park Crescent Apartments
1061 E 41st PlzChicago, IL 60653
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Studio to 1 Bedroom Apartments
The Westerner
2407 W Eastwood AveChicago, IL 60625
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Studio to 1 Bedroom Apartments
2048 N Cleveland Ave
2048 N Cleveland AveChicago, IL 60614
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Studio Apartments
3834 N Sheffield
3834 N Sheffield AveChicago, IL 60613
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1 to 2 Bedroom Apartments
1810 S Throop St
1810 S Throop StChicago, IL 60608
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Studio to 3 Bedroom Apartments
Belmont Court Apartments
3154-3166 N Clark StChicago, IL 60657
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2 to 3 Bedroom Apartments
Dorchester Artist + Housing Collaborative Apt
6949 S Dante AveChicago, IL 60637
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Studio to 3 Bedroom Apartments
1504 N Dearborn Pkwy
1504 N Dearborn PkyChicago, IL 60610
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1 Bedroom Apartments
1555-1557 W Diversey Pky
1555-1557 W Diversey PkyChicago, IL 60614
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
Showing Results 51-100, Page 2 of 5
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 | $2,039 | $595 | $9,999 |
| Chicago 1 Bedroom Apartments | $2,459 | $640 | $9,168 |
| Chicago 2 Bedroom Apartments | $3,055 | $762 | $10,000+ |
| Chicago 3 Bedroom Apartments | $3,710 | $883 | $10,000+ |
| Chicago 4 Bedroom Apartments | $3,932 | $1,025 | $10,000+ |
| Chicago 5 Bedroom Apartments | $5,438 | $2,995 | $10,000+ |
| Chicago 6 Bedroom Apartments | $16,906 | $7,000 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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Chicago, IL Area Reviews
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Write a ReviewNicole • 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 $726.
What is the price of a cheap apartment in Chicago?
The cheapest apartment in Chicago is West Haven Park II - B which is listed at $660, while the average apartment in Chicago costs $2,316.
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 2,553 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 $453 which is $1,863 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
The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago
Written by: Nicole Harms
When choosing a place to live, there are many things you must consider. Your employer, your shopping preferences, and even schools are all important to think about. Yet cost of living is also important to know and plan for.
Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible
Written by: Nicole Harms
I’m Nicole, you’re ApartmentHomeLiving.com Local Expert for Chicago. There’s no denying I love the Windy City. Yet there’s also no denying that rental homes in Chicago can be pricy, small, and hard to find.
Chicago Relocation 101: Mastering Utilities, Registration, and the CTA
Written by: Nicole Harms
Moving to a new city is always an exciting time, especially one as vibrant and diverse as Chicago. With world-class museums, a breathtaking lakefront, and numerous employment opportunities, there’s much to love about this city.
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
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.