
Cheap Apartments for Rent in Chicago, IL from $400 (2,595 Rentals) Page 26 of 52
Search the lowest-cost Apartments available for rent right now in Chicago.


Kimball 5324 N

Blue and Yellow Apartments

4441-4455 N Damen Ave

7701 S Eggelston St

2614 W Marquette Rd

7800 S Colfax Ave

4720 S Drexel

6933 S Indiana

Briar Apartments

8514 S Crandon

5749 N Winthrop Ave

Ivy Gayles

10201 S Saint Lawrence Ave

Ivy Kenwood

Auburn Gresham Apartments

7055 S St Lawrence

Homan Square Apartments Phase I

7657 S East End Ave

7916 S Drexel

Hilliard Towers Family II

8148 S Ingleside

7800 S Bishop St

6832 S Crandon

7927 S Ellis Ave

7609 S Coles

11143-11145 S King Dr

7151 S Indiana Ave

7643 S Stewart

7956 S Burnham

4130 N Keystone Ave

6705 S Michigan

7120 S Wabash

2128 N. Whipple St.

7700 S Phillips Ave

The North Hotel

1742 E 72nd

7920 S Evans

1860 S Komensky

7801 S Yates

7930-7946 S Ingleside Ave

7053 S St Lawrence

7953 S Wolcott Ave

4956 S Prairie Ave

4721 S. Ellis Avenue

1735 W 79th

7612 S Kingston

7317 S Chappel

7934 S Wabash

7822 s laflin
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 | $2,046 | $595 | $8,604 |
| Cheap Chicago 1 Bedroom Apartments | $2,471 | $640 | $9,987 |
| Cheap Chicago 2 Bedroom Apartments | $3,089 | $762 | $10,000+ |
| Cheap Chicago 3 Bedroom Apartments | $3,734 | $883 | $10,000+ |
| Cheap Chicago 4 Bedroom Apartments | $3,863 | $924 | $10,000+ |
| Chicago 5 Bedroom Apartments | $6,872 | $1,995 | $10,000+ |
| Chicago 6 Bedroom Apartments | $6,960 | $6,700 | $7,350 |
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Chicago, IL Area Reviews
Nicole • 4+ years in Chicago
April 10, 2026Big city challenges with traffic but also provides the amenities of the city you can't find elsewhere
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 $724.
What is the price of a cheap apartment in Chicago?
The cheapest apartment in Chicago is West Haven Park II - B which is listed at $660, while the average apartment in Chicago costs $5,763.
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 2,702 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 $481 which is $5,282 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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.