Cheap Apartments for Rent in Chicago, IL from $400 (2,613 Rentals) Page 31 of 53

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Search the lowest-cost Apartments available for rent right now in Chicago.

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Kenmore Courts
Studio to 1 Bedroom Apartments

Kenmore Courts

5527 N Kenmore AveChicago, IL 60640
  • Utilities Included
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Woodlawn Terrace
Studio to 2 Bedroom Apartments

Woodlawn Terrace

4726-4740 S Woodlawn AveChicago, IL 60615
Corporate Housing
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6600 Ashland
Studio to 2 Bedroom Apartments

6600 Ashland

6600 N Ashland AveChicago, IL 60626
  • Utilities Included
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6237-45 Kedzie
Studio to 1 Bedroom Apartments

6237-45 Kedzie

6237-6245 S Kedzie AveChicago, IL 60629
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6101-6115 N Hoyne Ave
2 to 4 Bedroom Apartments

6101-6115 N Hoyne Ave

6101-6115 N Hoyne AveChicago, IL 60659
  • Utilities Included
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Ivy at Mason
Studio to 2 Bedroom Apartments

Ivy at Mason

1215 E Hyde Park BlvdChicago, IL 60615
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911 W. Oakdale Ave.
Studio to 1 Bedroom Apartments

911 W. Oakdale Ave.

910-918 W Oakdale AveChicago, IL 60657
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Racine-Waveland
1 Bedroom Apartments

Racine-Waveland

3657 N Racine AveChicago, IL 60613
  • Utilities Included
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6901 S Paxton Ave
1 to 4 Bedroom Apartments

6901 S Paxton Ave

6901 S Paxton AveChicago, IL 60649
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2826 E 76th
1 to 2 Bedroom Apartments

2826 E 76th

2826 E 76th PlChicago, IL 60649
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5500 S. Cornell Avenue
Studio to 4 Bedroom Apartments

5500 S. Cornell Avenue

5493 S Cornell AveChicago, IL 60637
Corporate Housing
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5500 W Van Buren
1 to 2 Bedroom Apartments

5500 W Van Buren

5500 W Van Buren StChicago, IL 60644
  • Utilities Included
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7754 S Loomis
2 Bedroom Apartments

7754 S Loomis

7754 S Loomis BlvdChicago, IL 60620
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7251-7261 S Phillips Ave
Studio to 2 Bedroom Apartments

7251-7261 S Phillips Ave

7251-7261 S Phillips AveChicago, IL 60649
  • Utilities Included
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310 N Menard
1 to 4 Bedroom Apartments

310 N Menard

310-316 N MenardChicago, IL 60644
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1807 S St Louis
Studio to 2 Bedroom Apartments

1807 S St Louis

1807-1811 S Saint Louis AveChicago, IL 60623
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Winthrop Park Apartments
Studio to 2 Bedroom Apartments

Winthrop Park Apartments

5740 N Winthrop AveChicago, IL 60660
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The Windale
Studio to 3 Bedroom Apartments

The Windale

6019 N Winthrop AveChicago, IL 60660
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Cermak-MASTER
1 to 2 Bedroom Apartments

Cermak-MASTER

3635-3645 W Cermak RdChicago, IL 60623
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North Shore Apartments
Studio to 1 Bedroom Apartments

North Shore Apartments

6633 N Sheridan RdChicago, IL 60626
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Karlov Gardens
2 to 3 Bedroom Apartments

Karlov Gardens

1830 S Karlov AveChicago, IL 60623
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The Pershing
1 to 2 Bedroom Apartments

The Pershing

3845 S State StChicago, IL 60609
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7956 S Aberdeen St
2 to 3 Bedroom Apartments

7956 S Aberdeen St

7956 S Aberdeen StChicago, IL 60620
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2817 E 77th St
Studio to 4 Bedroom Apartments

2817 E 77th St

2817 E 77th StChicago, IL 60649
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Pangea Apartments
2 to 3 Bedroom Apartments

Pangea Apartments

5448 W Adams StChicago, IL 60644
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10901 S Vernon
1 to 3 Bedroom Apartments

10901 S Vernon

10901 S Vernon AveChicago, IL 60628
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701 N Lotus Ave
2 to 3 Bedroom Apartments

701 N Lotus Ave

701 N Lotus AveChicago, IL 60644
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6540 N. Ashland
Studio to 2 Bedroom Apartments

6540 N. Ashland

6540 N Ashland AveChicago, IL 60626
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3501 W Adams
1 to 3 Bedroom Apartments

3501 W Adams

3501-3509 W Adams StChicago, IL 60624
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7620 S Coles
1 to 3 Bedroom Apartments

7620 S Coles

7620 S Coles AveChicago, IL 60649
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6954 S Calumet Ave
1 to 3 Bedroom Apartments

6954 S Calumet Ave

6954 S Calumet AveChicago, IL 60637
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4815 W Monroe St
1 to 4 Bedroom Apartments

4815 W Monroe St

4815 W Monroe StChicago, IL 60644
  • Utilities Included
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1338 W Argyle
Studio to 3 Bedroom Apartments

1338 W Argyle

1338-1354 W Argyle StChicago, IL 60640
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1504 N Dearborn Pkwy
Studio to 3 Bedroom Apartments

1504 N Dearborn Pkwy

1504 N Dearborn PkyChicago, IL 60610
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500 W. Fullerton Parkway
Studio to 2 Bedroom Apartments

500 W. Fullerton Parkway

500-508 W Fullerton PkyChicago, IL 60614
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3935 W Diversey
Studio to 1 Bedroom Apartments

3935 W Diversey

3935-3945 W Diversey AveChicago, IL 60647
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5100 W Monroe
1 to 3 Bedroom Apartments

5100 W Monroe

5100-5104 W Monroe StChicago, IL 60644

Chicago, IL Area Reviews

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Nicole4+ years in Chicago

April 10, 2026

Big 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

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago article

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.

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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.

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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.

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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

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

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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.

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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.

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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.