
Cheap Apartments for Rent in Chicago, IL from $400 (2,763 Rentals) Page 30 of 56
Search the lowest-cost Apartments available for rent right now in Chicago.


Palmer Apartments

6455 S Fairfield Ave 2714-24 W 65th Chicago, IL 60629

4854-4856 W Deming Pl

10206 S Walden Pky

Blue and Yellow Apartments

7100 South Shore Apartment Homes

7031 S Chappel Chicago, IL 60649

7800-10 S Colfax Ave LLC

2614-24 W Marquette

Kimball 5324 N

4441-4455 N Damen Ave

7701 S Eggelston St

7956 S Burnham Ave Chicago, IL 60617

4720 S Drexel Blvd Chicago, IL 60615

7934-42 S Wabash Chicago, IL 60619

Briar Apartments

8127 S Ellis Ave Chicago, IL 60619

Ivy Gayles

7440 S Phillips Ave Chicago, IL 60649

5749 N Winthrop Ave

1514-20 W 77th Chicago, IL 60620

7955 S Bishop 1414-18 W 80th Chicago, IL 60620

Ivy Kenwood

Homan Square Apartments Phase I

8148-56 S Ingleside 914-918 E 82nd St Chicago, IL 60619

7927 S Ellis

7657 S East End Ave

6832 S Crandon Chicago, IL 60649

7800 S Bishop St

Hilliard Towers Family II

5500 S. Cornell Avenue

7700 S Phillips Ave

6237-45 Kedzie

7654 S Marshfield Ave

1704 W 77th St 7656 S Paulina St Chicago, IL 60620

7120-32 S Wabash Chicago, IL 60619

6705 S Michigan Chicago, IL 60637

7917-27 S Drexel Ave Chicago, IL 60619

7643 S Stewart Ave Chicago, IL 60620

1742-56 E 72nd St Chicago, IL 60649

2128 N. Whipple St.

4130 N Keystone Ave

7249-53 S Blackstone 1500-02 E 73rd St Chicago, IL 60619

7920-26 S Evans Chicago, IL 60619

The North Hotel

7801-11 S Yates Blvd Chicago, IL 60649

7953 S Wolcott Ave Chicago, IL 60620

7241-49 S Phillips Ave Chicago, IL 60649

7612 S Kingston 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 | $1,981 | $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
See all Apartments in ChicagoExplore Chicago
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.