Cheap Apartments for Rent in Chicago, IL from $400 (2,566 Rentals) Page 18 of 52
Search the lowest-cost Apartments available for rent right now in Chicago.

827 W 33rd Pl

3429 S Union Ave

7628 S Drexel Ave

2958 S Archer Ave

4343 N Clarendon Ave

644 W Wrightwood Ave

EDGE on Broadway

Canvas at Leland Plaza

Sheridan Glen - 6040 N Sheridan Rd

The Teller House

6742 W 63rd St

2150 N Kildare Ave

4857 N Damen Ave, Unit #4851-314

1608 W Sherwin Ave

2609 W Fitch Ave

667 W Cornelia Ave, Unit #318

The Andy

430 - 446 W. Diversey

3340 N Marshfield Ave, Unit #402

3346 N Marshfield Ave, Unit 102

2756 W 24th St

3342 N Marshfield Ave, Unit M00B

3346 N Marshfield Ave, Unit 1
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 | $2,060 | $575 | $10,000+ |
Cheap Chicago 1 Bedroom Apartments | $2,665 | $575 | $10,000+ |
Cheap Chicago 2 Bedroom Apartments | $3,173 | $900 | $10,000+ |
Cheap Chicago 3 Bedroom Apartments | $3,662 | $1,050 | $10,000+ |
Cheap Chicago 4 Bedroom Apartments | $3,171 | $1,040 | $10,000+ |
Chicago 5 Bedroom Apartments | $5,292 | $2,150 | $10,000+ |
Chicago 6 Bedroom Apartments | $6,716 | $4,795 | $10,000+ |
Browse Top Apartments in Chicago
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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 $770.
What is the price of a cheap apartment in Chicago?
The cheapest apartment in Chicago is 5445 Ingleside By 3L Living which is listed at $748, while the average apartment in Chicago costs $3,491.
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 2,151 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 $423 which is $3,068 cheaper than the average rent for all rentals in Chicago.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.