
Cheap Apartments for Rent in Chicago, IL from $400 (2,763 Rentals) Page 24 of 56
Search the lowest-cost Apartments available for rent right now in Chicago.


5402 W Rice St Chicago, IL 60651

7000-7002 S Dorchester Ave

1200 W 64th St

8042 S Ellis Ave

4241-4247 N Hermitage Ave

4831 N Kimball Ave

8201 S Marshfield Ave

2200 S Marshall Blvd

1016 W Hollywood Ave

6163 N Kenmore Ave

1203 W Balmoral

Ashland Court

5451 S Cornell Apartments

12157 S Michigan Ave

5454 S Laramie Ave

Midway Pointe Senior Residences

7400-7410 S Chappel Ave

84th Place & Ingleside

2616 N. Hampden Court

The Joseph

Lakeside 1241

9218 S. Bishop

7850 S Constance Ave 1822 E 79th Street Chicago, IL 60649

Reverend Daniel Alvarez Apartments

1807-09 N. Lincoln Park West

8057-59 S Marshfield Chicago, IL 60620

211-17 E 71st Chicago, IL 60619

Cicero Senior Lofts

10901 S Vernon

8000 S Paulina 1701-11 W 80th Chicago, IL 60620

7109-15 S Ridgeland Ave

9101-9109 S Beverly Ave

Columbus Tower

3650-3656 W Agatite Ave

620 W. Surf

El San Arms

6726 N Glenwood Ave

5634 N Kenmore Ave

7801 S South Shore Dr

Morse Apartments

1525 W Estes Ave

Bissell Apartments

Cornell Arms Apartments

7516-7524 N Seeley Ave

5480 S Cornell Ave

Hilliard Towers Family One

8056 S Drexel Ave Chicago, IL 60619

301-313 N. Austin Blvd.

7700 S Kingston Ave Chicago, IL 60649
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.