Cheap Apartments for Rent in Chicago, IL from $400 with Washer/Dryer (224 Rentals) Page 2 of 5

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

Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible

Looking for a rental near Chicago? These five cities offer excellent options! From small-town charm to excellent business options, you can't go wrong!

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Chicago Relocation 101: Mastering Utilities, Registration, and the CTA

Moving to Chicago? This essential relocation guide offers a complete checklist for new residents, covering finding the right neighborhood, setting up utilities (ComEd, People’s Gas), and mastering high-rise moving logistics and vehicle registration.

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838 W Cornelia Ave
$1,595 - $2,045
Total Monthly Price

Total Monthly Price

Base Rent
$1,595 - $2,045
Total Monthly Price
$1,595 - $2,045
Studio to 1 Bedroom Apartment Available Aug 1

838 W Cornelia Ave

838 W Cornelia AveChicago, IL 60657
Affordability

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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property at 420 W Aldine Ave

$1,600 - $1,900

Studio To 1 Bedroom Rentals

Available Now

420 W Aldine Ave

ChicagoIL60657
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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

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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7051 S Bennett Ave
Studio to 1 Bedroom Apartments

7051 S Bennett Ave

7051 S Bennett AveChicago, IL 60649
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Touhy - by - the - Lake
1 to 2 Bedroom Apartments

Touhy - by - the - Lake

1317-1325 W Touhy AveChicago, IL 60626
  • Utilities Included
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Rosenwald Courts
1 to 2 Bedroom Apartments

Rosenwald Courts

4600-4602 S Michigan AveChicago, IL 60653
  • Utilities Included
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6011 N Kenmore St
Studio to 1 Bedroom Apartments

6011 N Kenmore St

6011 N Kenmore StChicago, IL 60660
  • Utilities Included
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Lakeside Tower
1 Bedroom Apartments

Lakeside Tower

910 W Lawrence AveChicago, IL 60640
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4815 N Springfield
1 to 2 Bedroom Apartments

4815 N Springfield

4815 N SpringfieldChicago, IL 60625
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Foswyn
Studio Apartments

Foswyn

5240 N Winthrop AveChicago, IL 60640
  • Utilities Included
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1635-1637 W Touhy
1 to 3 Bedroom Apartments

1635-1637 W Touhy

1635-1637 W Touhy AveChicago, IL 60626
  • Utilities Included

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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Showing Results 51-100, Page 2 of 5

Chicago, IL Area Reviews

  • Parks
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  • Restaurants
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  • Traffic
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Nicole • 4+ years in Chicago

April 10, 2026

Big 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 $724.

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 $7,242.

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 3,188 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 $516 which is $6,726 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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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.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.