Cheap Apartments for Rent in Chicago, IL from $400 (2,642 Rentals) Page 13 of 53
Search the lowest-cost Apartments available for rent right now in Chicago.

1538 S Millard Ave

2441 W 46th Pl

6669 W Devon Ave

544 W. Melrose

516 W Cornelia Ave

Twin Towers Apartments

Sheridan Glen - 6040 N Sheridan Rd

Hyde Park West

Park View Apartments

1545 E 85th St

5440 N Campbell Ave, Unit Garden

739 W Belmont Ave, Unit 416

739 W Belmont Ave

512 W Arlington Pl, Unit #116

618 W Patterson Ave, Unit #612-508

618 W Patterson Ave, Unit J06P

2614 N Springfield Ave, Unit 1F

612 W Patterson Ave

1609 N Lawndale Ave

2113 W Charleston St

1049 West Oakdale Apartments

The Onyx on North Shore

1255 N Harding Ave

1033 W Loyola Ave

Wilson Court - 1901 W Wilson Ave

3346 N Marshfield Ave, Unit 1

540 W Roscoe St

4054 W Dickens Ave

7121 N Paulina St

4019 W School St

6328 N Albany Ave

6401 S Eberhart Ave

7917 S Maryland Ave

4955 W Washington Blvd

4555 Malden St

3921 N Long Ave

7709 S Morgan St

Harbor Point Estates

6849-6875 S Crandon Ave
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 | $1,921 | $575 | $7,500 |
| Cheap Chicago 1 Bedroom Apartments | $2,368 | $550 | $10,000+ |
| Cheap Chicago 2 Bedroom Apartments | $2,927 | $850 | $10,000+ |
| Cheap Chicago 3 Bedroom Apartments | $3,516 | $740 | $10,000+ |
| Cheap Chicago 4 Bedroom Apartments | $3,860 | $1,040 | $10,000+ |
| Chicago 5 Bedroom Apartments | $7,511 | $2,500 | $10,000+ |
| Chicago 6 Bedroom Apartments | $12,845 | $950 | $10,000+ |
Browse Top Apartments in Chicago
See all Apartments in ChicagoExplore Chicago
Getting Around Chicago, IL
Walk Score®
83 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
77 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
66 / 100
Good Transit
Many nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $788.
What is the price of a cheap apartment in Chicago?
The cheapest apartment in Chicago is 7850 S Constance Ave which is listed at $795, while the average apartment in Chicago costs $6,775.
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 4,808 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 $455 which is $6,320 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

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.










