Cheap Apartments for Rent in Chicago, IL from $400 with Washer/Dryer (231 Rentals) Page 4 of 5

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

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2528-2542 W Fitch Ave
1 to 3 Bedroom Apartments

2528-2542 W Fitch Ave

2528-2542 W Fitch AveChicago, IL 60645
  • Utilities Included
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Southport Lofts
Studio to 3 Bedroom Apartments

Southport Lofts

2061 N Southport AveChicago, IL 60614
  • Utilities Included
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4102 N Sheridan Rd
Studio to 2 Bedroom Apartments

4102 N Sheridan Rd

4102 N Sheridan RdChicago, IL 60613
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1319-1327 W Sherwin Ave
1 to 2 Bedroom Apartments

1319-1327 W Sherwin Ave

1319-1327 W Sherwin AveChicago, IL 60626
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Luxury condo unit
Studio to 3 Bedroom Apartments

Luxury condo unit

333 N CanalChicago, IL 60606
Corporate Housing
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55 E Erie St
Studio to 3 Bedroom Apartments

55 E Erie St

55 E Erie StChicago, IL 60611
Corporate Housing
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R+D659
Studio to 4 Bedroom Apartments

R+D659

645-659 W Randolph StChicago, IL 60661
Furnished
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600 N Lake Shore Dr
Studio to 3 Bedroom Apartments

600 N Lake Shore Dr

600 N Lake Shore DrChicago, IL 60611
Furnished
  • Utilities Included
  • Smoke Free
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Cornelia
2 to 3 Bedroom Apartments

Cornelia

4715-4731 W Cornelia AveChicago, IL 60641
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Ivy at Drexel
1 to 3 Bedroom Apartments

Ivy at Drexel

5235-5245 S Drexel AveChicago, IL 60615
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920 W Cullom
2 to 3 Bedroom Apartments

920 W Cullom

920 W CullomChicago, IL 60613
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2001 S State St
2 to 3 Bedroom Apartments

2001 S State St

2001 S State StChicago, IL 60616
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5630 N Sheridan Rd
Studio to 1 Bedroom Apartments

5630 N Sheridan Rd

5630 N Sheridan RdChicago, IL 60660
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Montauk
Studio to 2 Bedroom Apartments

Montauk

1550 N Wieland StChicago, IL 60610
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Cortland
1 to 2 Bedroom Apartments

Cortland

3508-3510 W Cortland StChicago, IL 60647
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528 Oakdale
Studio to 2 Bedroom Apartments

528 Oakdale

528 W Oakdale AveChicago, IL 60657
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The Brewery Lofts
1 to 2 Bedroom Apartments

The Brewery Lofts

1301 W Fletcher StChicago, IL 60657
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5827 N Ridge Ave
Studio to 2 Bedroom Apartments

5827 N Ridge Ave

5827 N Ridge AveChicago, IL 60660
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Mayan Lagoon
1 to 3 Bedroom Apartments

Mayan Lagoon

1345-1359 W Estes AveChicago, IL 60626
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5055 S Dorchester Ave
Studio to 3 Bedroom Apartments

5055 S Dorchester Ave

5055 S Dorchester AveChicago, IL 60615
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5860 N Ridge Ave
2 to 3 Bedroom Apartments

5860 N Ridge Ave

5860 N Ridge AveChicago, IL 60660
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3221 N California Ave
1 Bedroom Apartments

3221 N California Ave

3221 N California AveChicago, IL 60618
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2848-50 W.Diversey
2 Bedroom Apartments

2848-50 W.Diversey

2848 W Diversey AveChicago, IL 60647
  • Utilities Included
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Showing Results 151-200, Page 4 of 5

Chicago, IL Area Reviews

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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 $7,399.

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 3,261 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 $508 which is $6,891 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

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago article

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

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.