
Cheap Apartments for Rent in Chicago, IL from $400 (2,736 Rentals) Page 24 of 55
Search the lowest-cost Apartments available for rent right now in Chicago.


7003 S Harper Ave

7701-7707 S Stewart Ave

Ivy Tower

Shirley

8000-02 S. Lafayette Avenue

4641 N Paulina St

6214 S Eberhart

Atrium West Apartments

La Rose Apartments

2315-2329 E 70th St

Bennett Apartments

1624-1626 W Morse Ave

5820 N Sheridan Rd

6031 N Kenmore Ave

The Talman Building

7051 S Bennett Ave

1133 E 82nd St

3000 W Marquette Rd

7241 S Phillips Ave

Catherine Courts

6354-6358 S Francisco Ave

7929 S State St

8001 S Muskegon Ave

815-823 W Bradley Pl

South Shore Apartments

549 W. Aldine

Chicago Lawn Apartments

The Max Apartments

Drexel Investments, LLC

7300 Venture Apartments

1815-1823 W 77th St

Thome Hermitage Building

5853-5859 S Troy St

Austin-Fillmore Apartments

1430 N Dearborn St

7270 S South Shore Dr

6943 S Cornell

300 N Menard Ave

1407-1415 W Sherwin Ave

Kedvale Systems

6910 N Sheridan Rd

7110-18 S Ridgeland Ave

7916 S Drexel

6904 S Cregier Ave

Baric Commons

4720 N Spaulding Ave

8256-8258 S Loomis Blvd

South Chicago Apartments

8515 S Green St
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 | $1,929 | $575 | $6,511 |
| Cheap Chicago 1 Bedroom Apartments | $2,453 | $450 | $10,000+ |
| Cheap Chicago 2 Bedroom Apartments | $3,015 | $650 | $10,000+ |
| Cheap Chicago 3 Bedroom Apartments | $3,788 | $883 | $10,000+ |
| Cheap Chicago 4 Bedroom Apartments | $3,101 | $879 | $10,000+ |
| Chicago 5 Bedroom Apartments | $8,364 | $1,950 | $10,000+ |
| Chicago 6 Bedroom Apartments | $12,760 | $850 | $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 $715.
What is the price of a cheap apartment in Chicago?
The cheapest apartment in Chicago is Westhaven Park II - C which is listed at $754, while the average apartment in Chicago costs $7,666.
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 5,594 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 $492 which is $7,174 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.