
Cheap Apartments for Rent in Chicago, IL from $400 (2,613 Rentals) Page 14 of 53
Search the lowest-cost Apartments available for rent right now in Chicago.


6328 N Albany Ave

6401 S Eberhart Ave

7917 S Maryland Ave

4955 W Washington Blvd

4555 Malden St

6422 S Rhodes Ave

1423 S Drake Ave

7709 S Morgan St

Harbor Point Estates

6849-6875 S Crandon Ave

5647 W Washington Blvd

4159 W Adams St

1141 S Francisco Ave

1521 W Sherwin Ave

Sheridan Lake - 6401 N Sheridan Rd

21st Street Lofts by 3L Living

2607 W Gunnison St, Unit 2

Sheridan-Gunnison Apartments

656 W Belden Ave

934 N Lamon Ave

6558 S Green St

1309 S Komensky Ave

7645 N Sheridan Rd

537 W. Melrose

Dickens Apartments

Anderson Point

6250 N Kenmore Ave

2706 N Milwaukee Ave, Unit 314

2714 N Milwaukee Ave, Unit 314
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 | $1,912 | $575 | $7,500 |
| Cheap Chicago 1 Bedroom Apartments | $2,377 | $550 | $9,250 |
| Cheap Chicago 2 Bedroom Apartments | $2,897 | $850 | $10,000+ |
| Cheap Chicago 3 Bedroom Apartments | $3,493 | $740 | $10,000+ |
| Cheap Chicago 4 Bedroom Apartments | $3,599 | $1,040 | $10,000+ |
| Chicago 5 Bedroom Apartments | $7,367 | $1,925 | $10,000+ |
| Chicago 6 Bedroom Apartments | $10,050 | $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 $805.
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 $6,756.
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 4,948 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 $450 which is $6,306 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.



















