Cheap Apartments for Rent in Chicago, IL from $400 with Washer/Dryer (209 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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Mayan Lagoon
1 to 3 Bedroom Apartments

Mayan Lagoon

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

5055 S Dorchester Ave

5055 S Dorchester AveChicago, IL 60615
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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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Golden Manor
1 Bedroom Apartments

Golden Manor

1201 175th StHammond, IN 46324
Senior Living
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Saxony Town Homes
2 to 4 Bedroom Apartments

Saxony Town Homes

1349 175th StHammond, IN 46324
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Knox Apartments
Studio to 1 Bedroom Apartments

Knox Apartments

15301-15310 S Knox Ave, OakOak Forest, IL 60452
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Live in Oak Park
Studio to 3 Bedroom Apartments

Live in Oak Park

1041 South BlvdOak Park, IL 60302
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Mansard Lane Apartments
2 Bedroom Apartments

Mansard Lane Apartments

1713-1725 W Mansard LnMount Prospect, IL 60056
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Smith Mobile Home Park
1 to 3 Bedroom Apartments

Smith Mobile Home Park

14115 Western AveBlue Island, IL 60406
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300 Madison St
Studio to 3 Bedroom Apartments

300 Madison St

300 Madison StOak Park, IL 60302
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The Stewart
Studio to 1 Bedroom Apartments

The Stewart

1311 Chicago AveEvanston, IL 60201
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Reverb Oak Lawn
1 to 2 Bedroom Apartments

Reverb Oak Lawn

9301-9333 S Harlem AveOak Lawn, IL 60453
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Whistler's Crossing
2 to 3 Bedroom Apartments

Whistler's Crossing

13750 S Lowe AveRiverdale, IL 60827
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Village Crossing
2 Bedroom Apartments

Village Crossing

14729-14757 Homan AveMidlothian, IL 60445
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1004 S Des Plaines Ave
1 Bedroom Apartments

1004 S Des Plaines Ave

1004 S Des Plaines AveForest Park, IL 60130
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140 S Austin Blvd
1 to 3 Bedroom Apartments

140 S Austin Blvd

140 S Austin BlvdOak Park, IL 60304
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6605 North Ave.
Studio to 3 Bedroom Apartments

6605 North Ave.

6605 North AveOak Park, IL 60302
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Somerset Park I
1 to 2 Bedroom Apartments

Somerset Park I

4127 W 127th StAlsip, IL 60803
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817 Seward St
1 Bedroom Apartments

817 Seward St

817 Seward StEvanston, IL 60202
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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 $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

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The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago

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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.

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

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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.

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

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Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago

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Articles, How-To's, and Tips

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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.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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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.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

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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.

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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.