Cheap Apartments for Rent in Chicago, IL from $400 with Washer/Dryer (234 Rentals) Page 2 of 5

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Search the lowest-cost Apartments available for rent right now in Chicago.

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511 W 62nd St
$1,500 - $1,800
Total Monthly Price

Total Monthly Price

Base Rent
$1,500 - $1,800
Total Monthly Price
$1,500 - $1,800
2 to 4 Bedroom Apartment Available Now

511 W 62nd St

511 W 62nd StChicago, IL 60621
Affordability
  • Smoke Free

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.

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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.

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541 W Belmont Ave
$1,595 - $2,095
Total Monthly Price

Total Monthly Price

Base Rent
$1,595 - $2,095
Total Monthly Price
$1,595 - $2,095
Studio to 1 Bedroom Apartment Available Now

541 W Belmont Ave

541 W Belmont AveChicago, IL 60657
Affordability

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.

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property at 1661 S Homan Ave

$1,600 - $1,700

1 To 3 Bedroom Rentals

Available Now

1661 S Homan Ave

ChicagoIL60623

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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25 W Hubbard St
1 to 2 Bedroom Apartments

25 W Hubbard St

25 W Hubbard StChicago, IL 60654
  • Utilities Included
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Canvas at Leland Plaza
Studio to 2 Bedroom Apartments

Canvas at Leland Plaza

4713 N Western AveChicago, IL 60625
  • Utilities Included
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7949 S St Lawrence
1 to 2 Bedroom Apartments

7949 S St Lawrence

7949 S Saint Lawrence AveChicago, IL 60619
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1203 W Balmoral
Studio to 1 Bedroom Apartments

1203 W Balmoral

1203 W Balmoral AveChicago, IL 60640
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7516-7524 N Seeley Ave
Studio to 1 Bedroom Apartments

7516-7524 N Seeley Ave

7516-7524 N Seeley AveChicago, IL 60645
  • Utilities Included
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7051 S Bennett Ave
Studio to 1 Bedroom Apartments

7051 S Bennett Ave

7051 S Bennett AveChicago, IL 60649
Showing Results 51-100, Page 2 of 5

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

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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.

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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.

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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.

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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

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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.

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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.

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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.

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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.