
Cheap Apartments for Rent in Chicago, IL from $400 with Washer/Dryer (234 Rentals) Page 4 of 5
Search the lowest-cost Apartments available for rent right now in Chicago.


1319-1327 W Sherwin Ave

2240 West Morse Apartments

Commonwealth on the Park Apartments

600 N Lake Shore Dr

55 E Erie St

R+D659

Illume

Luxury condo unit

Cornelia

Wicker Park Lofts

920 W Cullom

Ivy at Drexel

5630 N Sheridan Rd

2001 S State St

The Ivy

Montauk

6922-24 N. Greenview Ave.

808 W Junior Terrace

3517 N Racine Ave

Centrum Lakeview Phase II

528 Oakdale

2201 W Eastwood Ave

Prairie Court Apartments

The Brewery Lofts

5827 N Ridge Ave

5860 N Ridge Ave

2848-50 W.Diversey

3221 N California Ave

7625-7627 S Yates Blvd

817 W Lakeside Place

Mayan Lagoon

5055 S Dorchester Ave

Total Monthly Price
2407 Grove Ave, Unit West Bedroom, Unit West Bedroom

American Heartland Homes

Douglas Pointe Apartments

13905-37 S Clark St Riverdale, IL 60827

304 W Touhy Ave

Clarence & Harrison Apartments

The Banc Hammond

1929 Grove Ave

Boulevard North Townhomes

Hollywood Manor Townhomes

12151 S Western Ave

7502 Madison

2045 New York Ave, Unit 2

Linden Towers *Washer & Dryer in Apartment*

Brummel 623-631 Evanston

The Bryant at Oak Park

Orchard Lakes Apartments
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 | $1,938 | $550 | $5,398 |
| Chicago 1 Bedroom Apartments | $2,478 | $525 | $10,000+ |
| Chicago 2 Bedroom Apartments | $3,074 | $762 | $10,000+ |
| Chicago 3 Bedroom Apartments | $3,848 | $883 | $10,000+ |
| Chicago 4 Bedroom Apartments | $3,333 | $879 | $10,000+ |
| Chicago 5 Bedroom Apartments | $8,335 | $2,175 | $10,000+ |
| Chicago 6 Bedroom Apartments | $6,915 | $2,475 | $10,000+ |
Explore Chicago
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

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.

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.

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.

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

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.

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.

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.

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.