
Cheap Apartments for Rent in Chicago, IL from $400 (2,755 Rentals) Page 22 of 56
Search the lowest-cost Apartments available for rent right now in Chicago.


6945 S Crandon Ave

1155 W 83rd St

6838 S Jeffery Blvd

7908 S Prairie Ave

7808 Southshore

7451 S Vernon Ave

Oglesby Arms

Ridge-Magnolia

11133 S Vernon Ave

8232 S Drexel Ave

The Doral

7600-14 S South Shore Dr

7115-25 S East End Ave

5651 N Christiana Ave

Wilson Apartments

4735-4737 N Malden St

319 E 79th

Devonshire Apartments

7903 S Rhodes Ave

7517 S. Coles

New Venture Realty Chatham Apartments

Garfield Apartments

Shore View Apartments

8100 S Justine St

2207 E 75th St

Mayfair Commons - Senior Community

1 Bedroom Chicago Apartment For Rent

8249 S Evans

4142 N Keystone Ave

The Coronado

8000 S Marshfield Ave

7701 S Cottage Grove

6700 S Merrill Ave

7845 S Colfax

6131 N Winthrop Ave

3244-3246 N Pulaski Rd

4717 N. Winthrop Apartments

7903 S Eberhart

7900 S Essex

Emerald Tower

6104 S Campbell Ave 2501-11 W 61st Chicago, IL 60629

North Town Village

5935 N Northwest Hwy

1255 W. Bryn Mawr

1523 W Chicago Ave

5035 S King Dr

Ohio Commons

1643-1653 E 85th Pl

1600 W Morse 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 | $1,970 | $575 | $5,295 |
| Cheap Chicago 1 Bedroom Apartments | $2,414 | $650 | $10,000+ |
| Cheap Chicago 2 Bedroom Apartments | $2,981 | $850 | $10,000+ |
| Cheap Chicago 3 Bedroom Apartments | $3,750 | $740 | $10,000+ |
| Cheap Chicago 4 Bedroom Apartments | $4,005 | $1,040 | $10,000+ |
| Chicago 5 Bedroom Apartments | $9,281 | $2,400 | $10,000+ |
| Chicago 6 Bedroom Apartments | $13,898 | $2,925 | $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 $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 $7,197.
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 5,768 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 $505 which is $6,692 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.