
Cheap Apartments for Rent in Chicago, IL from $400 (2,763 Rentals) Page 32 of 56
Search the lowest-cost Apartments available for rent right now in Chicago.


Ridge Apartments

7400 S Yates Chicago, IL 60649

727-29 W. Briar

6224 S Dr Martin Luther King Jr Dr Chicago, IL 60637

4052-4058 W Belmont Ave

3933 N Clarendon Ave

1461-65 W. Byron St.

1616-22 W 80th Chicago, IL 60620

The Briar

5125 W Madison St Chicago, IL 60644

7801 S Cornell Ave 1637-39 E 78th Chicago, IL 60649

10901 S Vernon 433-35 E 109th Chicago, IL 60628

Winthrop Park Apartments

5705 - 5713 West Catalpa Avenue

7701 S May Chicago, IL 60620

7944 S Paulina

4039-4051 N Laporte Ave

5952-58 W Superior

Lake Park Crescent Apartments

The Westerner

4142 N Avers Ave

525 S. Dearborn St.

7320-7330 N Ridge Ave

Hermitage Andersonville

2048 N Cleveland Ave

3834 N Sheffield

Sheridan Park LLC

5454 S Everett

3330 N Lake Shore Dr

4840 N Rockwell St

646 W Roscoe St

1145 W Morse Ave

649-57 W. Oakdale / 2919-21 N. Clark

336 W Marquette

Everett Apartments

Harris Point Chicago

Sheridan Lake Apartments

7028 S Clyde Chicago, IL 60649

4844-4850 W Wrightwood Ave

4850-4858 S Michigan Ave

2735-2739 N Laramie Ave

6351 N Lakewood Ave

3225 W 111th

Rogers Park

4626 Wolcott Avenue Apartments

7340 N Damen Ave

Luella Court

2801-2809 W Lunt Avenue Apartments

The Birchmont
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.