
Cheap Apartments for Rent in Chicago, IL from $400 (2,749 Rentals) Page 17 of 55
Search the lowest-cost Apartments available for rent right now in Chicago.


7116 S Harvard Ave

8246 S Racine Ave

6225 S Dorchester Ave

2327 E 70th St

2701 E 75th Pl

1263 W Pratt

6633 S Ellis Ave

1726 E 70th St

4278 N Hazel St

7134 S Cornell Ave

7132 S Ingleside Ave

8012 S Sangamon St

7800 S Yates Blvd

6109 S Normal Blvd

7841 S Essex Ave

2630 N. Hampden

455 W. Wellington

Dakin Court - 910 W Dakin St

Renaissance - 901 W Argyle St

7327 N Honore St, Unit 3B

7329 N Honore St

419 W Belden Ave, Unit 3

423 W Belden Ave, Unit 206

423 W Belden Ave, Unit #429.5-B206

437 W Belden, Unit #B206

423 W Belden Ave, Unit 429.5-B206

445 W Belden Ave, Unit A06W

201 N Garland Ct

2040 W Hood Ave

5847 N Kenmore Ave, Unit #211

1210 W Wellington Ave, Unit M05H

1919 W Estes Ave

2607 W Gunnison St, Unit 2

5143 S Rockwell St

Sheridan Lake - 6401 N Sheridan Rd

Clarendon Shores

536 W. Addison

1710 W Lunt Ave

1022 E Hyde Park Blvd

8031 S Rhodes Ave

7823 S Euclid Ave

4954 W Dickens Ave

2238 S Homan Ave

5145 W Ferdinand St

2856 W Rosemont Ave

7037 S Elizabeth St

2417 W Bryn Mawr Ave

2812 S Trumbull Ave

831 S Western 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 | $1,969 | $575 | $5,295 |
| Cheap Chicago 1 Bedroom Apartments | $2,403 | $650 | $10,000+ |
| Cheap Chicago 2 Bedroom Apartments | $2,972 | $850 | $10,000+ |
| Cheap Chicago 3 Bedroom Apartments | $3,768 | $740 | $10,000+ |
| Cheap Chicago 4 Bedroom Apartments | $4,019 | $1,040 | $10,000+ |
| Chicago 5 Bedroom Apartments | $8,924 | $2,400 | $10,000+ |
| Chicago 6 Bedroom Apartments | $15,260 | $2,925 | $10,000+ |
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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 $710.
What is the price of a cheap apartment in Chicago?
The cheapest apartment in Chicago is Coleman Place At Legends South which is listed at $170, while the average apartment in Chicago costs $7,344.
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 5,888 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 $503 which is $6,841 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

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.

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.