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Cheap Apartments for Rent in Chicago, IL from $400 (2,912 Rentals)Page 37 of 59
Search the lowest-cost Apartments available for rent right now in Chicago.
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Studio to 1 Bedroom Apartments
5114-5118 South Kimbark Avenue Apartments
5114-5118 S Kimbark AveChicago, IL 60615
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2 to 3 Bedroom Apartments
159-161 N. Austin Blvd. & 5959-5961 West End Ave
161 N Austin BlvdChicago, IL 60644
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2 to 3 Bedroom Apartments
5850-5858 S Martin Luther King Dr
5850-5858 S Martin Luther King DrChicago, IL 60637
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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 | $2,065 | $565 | $10,000+ |
| Cheap Chicago 1 Bedroom Apartments | $2,633 | $745 | $10,000+ |
| Cheap Chicago 2 Bedroom Apartments | $3,297 | $1,000 | $10,000+ |
| Cheap Chicago 3 Bedroom Apartments | $3,820 | $825 | $10,000+ |
| Cheap Chicago 4 Bedroom Apartments | $3,844 | $875 | $10,000+ |
| Chicago 5 Bedroom Apartments | $5,108 | $1,025 | $10,000+ |
| Chicago 6 Bedroom Apartments | $31,415 | $10,000 | $10,000+ |
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Getting Around Chicago, IL
Walk Score®
83 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
77 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
66 / 100
Good Transit
Many nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $795.
What is the price of a cheap apartment in Chicago?
The cheapest apartment in Chicago is 1155 W 83rd St which is listed at $750, while the average apartment in Chicago costs $3,801.
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 2,630 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 $383 which is $3,418 cheaper than the average rent for all rentals in Chicago.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
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.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.