Cheap Apartments for Rent in Chicago, IL from $400 (2,599 Rentals) Page 38 of 52

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

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7020 S Merrill Ave
3 to 4 Bedroom Apartments

7020 S Merrill Ave

7020 S Merrill AveChicago, IL 60649
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4102 N Sheridan Rd
Studio to 2 Bedroom Apartments

4102 N Sheridan Rd

4102 N Sheridan RdChicago, IL 60613
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423 N Central Ave
1 to 3 Bedroom Apartments

423 N Central Ave

423 N Central AveChicago, IL 60644
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2970 N Sheridan
Studio to 1 Bedroom Apartments

2970 N Sheridan

2970 N Sheridan RdChicago, IL 60657
  • Utilities Included
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1246 W. Pratt
Studio to 2 Bedroom Apartments

1246 W. Pratt

1246 W Pratt BlvdChicago, IL 60626
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5800 North Sheridan
Studio to 2 Bedroom Apartments

5800 North Sheridan

5800 N Sheridan RdChicago, IL 60660
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7152 S East End Ave
1 to 3 Bedroom Apartments

7152 S East End Ave

7152 S East End AveChicago, IL 60649
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6849-6875 S Crandon Ave
Studio to 2 Bedroom Apartments

6849-6875 S Crandon Ave

6849-6875 S Crandon AveChicago, IL 60649
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6654 W Devon Ave
1 to 2 Bedroom Apartments

6654 W Devon Ave

6654 W Devon AveChicago, IL 60631
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516 W. Briar Pl.
1 to 2 Bedroom Apartments

516 W. Briar Pl.

514-516 W Briar PlChicago, IL 60657
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6037-6043 N Kenmore Ave
Studio to 1 Bedroom Apartments

6037-6043 N Kenmore Ave

6037-6043 N Kenmore AveChicago, IL 60660
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4725 W maypole
1 to 5 Bedroom Apartments

4725 W maypole

4721-4725 W Maypole AveChicago, IL 60644
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1326 N Cleaver
1 to 2 Bedroom Apartments

1326 N Cleaver

1326 N CleaverChicago, IL 60642
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1319-1327 W Sherwin Ave
1 to 2 Bedroom Apartments

1319-1327 W Sherwin Ave

1319-1327 W Sherwin AveChicago, IL 60626
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1914 N Drake Ave
1 to 2 Bedroom Apartments

1914 N Drake Ave

1914 N Drake AveChicago, IL 60647
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1020 W Ardmore Ave
1 to 3 Bedroom Apartments

1020 W Ardmore Ave

1020 W Ardmore AveChicago, IL 60660
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Rogers Park Apartments
1 to 2 Bedroom Apartments

Rogers Park Apartments

1640-1648 W Pratt BlvdChicago, IL 60626
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444 W. St. James Pl.
Studio to 2 Bedroom Apartments

444 W. St. James Pl.

444 W Saint JamesChicago, IL 60614
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6720 N Sheridan
Studio to 1 Bedroom Apartments

6720 N Sheridan

6720 N Sheridan RdChicago, IL 60626
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415 W. Fullerton
Studio to 2 Bedroom Apartments

415 W. Fullerton

2355-2357 N Clark StChicago, IL 60614
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R+D659
Studio to 4 Bedroom Apartments

R+D659

645-659 W Randolph StChicago, IL 60661
Furnished
  • Smoke Free
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600 N Lake Shore Dr
Studio to 3 Bedroom Apartments

600 N Lake Shore Dr

600 N Lake Shore DrChicago, IL 60611
Furnished
  • Utilities Included
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Luxury condo unit
Studio to 3 Bedroom Apartments

Luxury condo unit

333 N CanalChicago, IL 60606
Corporate Housing
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55 E Erie St
Studio to 3 Bedroom Apartments

55 E Erie St

55 E Erie StChicago, IL 60611
Corporate Housing
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Reside at 823
Studio to 1 Bedroom Apartments

Reside at 823

823 W Buena AveChicago, IL 60613
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7240 S Yates
3 Bedroom Apartments

7240 S Yates

7240 S Yates BlvdChicago, IL 60649
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530 W. Arlington Pl.
Studio to 2 Bedroom Apartments

530 W. Arlington Pl.

530 W Arlington PlChicago, IL 60614
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Cornelia
2 to 3 Bedroom Apartments

Cornelia

4715-4731 W Cornelia AveChicago, IL 60641
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520 W Belden Ave
Studio to 2 Bedroom Apartments

520 W Belden Ave

520 W Belden AveChicago, IL 60614
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4705 N Central Park Ave
Studio to 2 Bedroom Apartments

4705 N Central Park Ave

4705 N Central Park AveChicago, IL 60625
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Fullerton
1 to 3 Bedroom Apartments

Fullerton

4433 W Fullerton AveChicago, IL 60639
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2303 W Cullerton St
3 Bedroom Apartments

2303 W Cullerton St

2303 W Cullerton StChicago, IL 60608
Furnished
  • Utilities Included

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 $6,856.

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 2,697 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 $470 which is $6,386 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

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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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.