
Cheap Apartments for Rent in Chicago, IL from $400 (2,763 Rentals) Page 29 of 56
Search the lowest-cost Apartments available for rent right now in Chicago.


3201-3209 N Clark St

7003 S Harper Chicago, IL 60637

7901-11 S Dobson Ave Chicago, IL 60619

2900 E 91st St Chicago, IL 60617

5120 S. Hyde Park Boulevard

5136 S Kimbark Ave

The Bell Shore

212 E 69th Place Chicago, IL 60637

1635-1637 W Touhy

1860 S Komensky Ave Chicago, IL 60623

2504 W 63rd St

8552 S Laflin St Chicago, IL 60620

7801-11 S Kingston 2541-45 E 78th Chicago, IL 60649

5545-5551 N Magnolia Ave

Kenmore Manor Apartments

1135 W. Pratt

Damen Ave Apartments

2300-02 N. Sheffield Ave. / 1000-12 W. Belden Ave

8101 S Drexel Ave 903-07 E 81st Chicago, IL 60619

6701 N. Glenwood

Artists in Residence I & II

1412 Chase

4407 Wolcott

8255 S Maryland 8259 S Maryland Chicago, IL 60619

6829 S Dr Martin Luther King Jr Dr Chicago, IL 60637

8222-32 S Ingleside Ave Chicago, IL 60619

Ivy at Sylvan

Chase Manor

Yale Garden Project

Schubert Square

1627 N Humboldt Blvd

2840 N Orchard St

1436-40 W. Thorndale

505 W Belmont Building

Kenmore + Irving

Prince Edward Manor

7825 S Emerald Ave Chicago, IL 60620

1516-1518 E 70th Street Chicago, IL 60637

7924 S Vernon Chicago, IL 60619

Madison Terrace

912-930 W Gordon Ter

3700 W. Cornelia

4013-4015 S Calumet Ave

Dayton Court Apartments

5907-5909 N Kenmore Ave

4610 N Hermitage Ave

6752 S Michigan Ave

2701 N. Troy/3120 W. Schubert

5114-5118 South Kimbark Avenue Apartments
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 | $1,981 | $575 | $5,295 |
| Cheap Chicago 1 Bedroom Apartments | $2,425 | $650 | $10,000+ |
| Cheap Chicago 2 Bedroom Apartments | $2,981 | $850 | $10,000+ |
| Cheap Chicago 3 Bedroom Apartments | $3,749 | $740 | $10,000+ |
| Cheap Chicago 4 Bedroom Apartments | $3,893 | $1,040 | $10,000+ |
| Chicago 5 Bedroom Apartments | $9,188 | $2,400 | $10,000+ |
| Chicago 6 Bedroom Apartments | $15,613 | $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 $7,170.
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 5,977 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 $497 which is $6,673 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.