
Cheap Apartments for Rent in Chicago, IL from $400 (2,735 Rentals) Page 10 of 55
Search the lowest-cost Apartments available for rent right now in Chicago.


4849 S Marshfield Ave

5700 S Wabash Ave

7406 S Phillips Ave

3114 W 61st St

5649 N Christiana Ave

7827 S Ridgeland Ave

6458 S Paulina St

1016 W 70th St

4500 S Wood St

153 E 119th St

11365 S Edbrooke Ave

1613 W 87th St

5853 W Dakin St

4622 W Jackson Blvd

9101 S Beverly Blvd

1634 W Howard St

530 W. Diversey

Total Monthly Price
Beachwalk Apartments

The Pavilion

828 W. Fullerton

Twin Towers Apartments

430-446 W. Diversey

Ellis Court

1628 Sherwin

Ivy Park Homes

2648 W 21st St

2550 W Washington Blvd

833 W Wolfram St, Unit A09C

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5847 N Kenmore Ave, Unit 1

Total Monthly Price
4730 N Winthrop Ave, Unit #204

Total Monthly Price
4857 N Damen Ave

1336 W Estes Ave, Unit 1

4606 N Monticello Ave, Unit 3S

Total Monthly Price
629 W Belmont Ave, Unit 5C

5746 N Sheridan Rd

8136 S Kedzie Ave

Sheridan Terrace - 6725 N Sheridan Rd

The Maynard at 5115 N Sheridan

Total Monthly Price
1806 S Jefferson St

2357 N Kenneth Ave

1639 W 38th Pl

510 W Briar Pl

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4535 N Beacon St, Unit #1A

Total Monthly Price
5821 N Glenwood Ave, Unit 1

Total Monthly Price
546 W Wellington Ave, Unit A02C

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3302 W Schubert Ave

Total Monthly Price
618 W Patterson, Unit 508

2600 N Kimball Ave

Total Monthly Price
4828 N Damen Ave, Unit J02W
Chicago, IL Local Guide

How much does it cost to rent an apartment in Chicago?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Chicago Studio Apartments | $1,927 | $575 | $6,715 |
| Cheap Chicago 1 Bedroom Apartments | $2,453 | $450 | $10,000+ |
| Cheap Chicago 2 Bedroom Apartments | $3,025 | $650 | $10,000+ |
| Cheap Chicago 3 Bedroom Apartments | $3,791 | $883 | $10,000+ |
| Cheap Chicago 4 Bedroom Apartments | $3,109 | $879 | $10,000+ |
| Chicago 5 Bedroom Apartments | $8,620 | $1,950 | $10,000+ |
| Chicago 6 Bedroom Apartments | $12,547 | $850 | $10,000+ |
Browse Top Apartments in Chicago
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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 $715.
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 $7,666.
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 5,594 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 $492 which is $7,174 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

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.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.