Cheap Apartments for Rent in Chicago, IL from $400 (2,599 Rentals) Page 39 of 52

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

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1115 S Karlov Ave
Studio to 3 Bedroom Apartments

1115 S Karlov Ave

1115 S Karlov AveChicago, IL 60624
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Anton Apartments
1 Bedroom Apartments

Anton Apartments

2348 S Millard AveChicago, IL 60623
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532-34 W. Grant
Studio to 2 Bedroom Apartments

532-34 W. Grant

532-534 W Grant PlChicago, IL 60614
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500 W. Belmont
Studio to 1 Bedroom Apartments

500 W. Belmont

500 W Belmont AveChicago, IL 60657
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3625 W. Dickens St.
1 to 4 Bedroom Apartments

3625 W. Dickens St.

3621-3629 W Dickens AveChicago, IL 60647
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1363 W. Walton
1 Bedroom Apartments

1363 W. Walton

1363 W Walton StChicago, IL 60642
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Maple Court
Studio to 2 Bedroom Apartments

Maple Court

1120-1126 E 47th StChicago, IL 60653
Corporate Housing
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6101 S Langley Ave
1 to 3 Bedroom Apartments

6101 S Langley Ave

6101 S Langley AveChicago, IL 60637
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Reside at 849
Studio to 2 Bedroom Apartments

Reside at 849

849-863 W Buena AveChicago, IL 60613
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Waveland Park Court
2 Bedroom Apartments

Waveland Park Court

714 N Waveland AveChicago, IL 60613
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2218 W Chicago Ave
2 Bedroom Apartments

2218 W Chicago Ave

2218 W Chicago AveChicago, IL 60622
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1603 S Wood St
1 to 3 Bedroom Apartments

1603 S Wood St

1603 S Wood StChicago, IL 60608
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660 W. Barry
Studio to 2 Bedroom Apartments

660 W. Barry

660 W Barry AveChicago, IL 60657
  • Utilities Included
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1255 W Belden
1 to 3 Bedroom Apartments

1255 W Belden

1255 W BELDENChicago, IL 60614
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1200 W Addison St
1 to 2 Bedroom Apartments

1200 W Addison St

1200 W Addison StChicago, IL 60613
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Ivy at Drexel
1 to 3 Bedroom Apartments

Ivy at Drexel

5235-5245 S Drexel AveChicago, IL 60615
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920 W Cullom
2 to 3 Bedroom Apartments

920 W Cullom

920 W CullomChicago, IL 60613
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1234 N Cleaver
2 Bedroom Apartments

1234 N Cleaver

1234 N CleaverChicago, IL 60642
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Ivy at Kimbark
1 to 2 Bedroom Apartments

Ivy at Kimbark

5428-5432 S Kimbark AveChicago, IL 60615
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7944 S Ellis Ave
3 Bedroom Apartments

7944 S Ellis Ave

7944 S Ellis AveChicago, IL 60619
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1510-1514 W Rosemont Ave
Studio to 2 Bedroom Apartments

1510-1514 W Rosemont Ave

1510-1514 W Rosemont AveChicago, IL 60660
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1623 W 61st St
2 to 3 Bedroom Apartments

1623 W 61st St

1615-1623 W 61st StChicago, IL 60636
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500 W Belden Ave
1 to 3 Bedroom Apartments

500 W Belden Ave

500 W Belden AveChicago, IL 60614
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2519 N Lincoln Ave
1 to 3 Bedroom Apartments

2519 N Lincoln Ave

2519 N Lincoln AveChicago, IL 60614
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5300 S Michigan
Studio to 4 Bedroom Apartments

5300 S Michigan

5300 S Michigan AveChicago, IL 60615
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8200 S. Evans Ave.
Studio to 2 Bedroom Apartments

8200 S. Evans Ave.

8200 S Evans AveChicago, IL 60619
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The Ivy
Studio to 2 Bedroom Apartments

The Ivy

941 W Carmen AveChicago, IL 60640
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3001 W Lawrence Ave
1 to 2 Bedroom Apartments

3001 W Lawrence Ave

3001 W Lawrence AveChicago, IL 60625
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2724 W Lunt Ave
2 to 4 Bedroom Apartments

2724 W Lunt Ave

2724 W Lunt AveChicago, IL 60645
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906 W Montrose Ave
2 to 3 Bedroom Apartments

906 W Montrose Ave

906 W Montrose AveChicago, IL 60613
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701 S Karlov
Studio to 3 Bedroom Apartments

701 S Karlov

701 S Karlov AveChicago, IL 60624
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5118 N Lincoln Ave
1 to 2 Bedroom Apartments

5118 N Lincoln Ave

5118 N Lincoln AveChicago, IL 60625
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707 W 28th St
2 Bedroom Apartments

707 W 28th St

707 W 28th StChicago, IL 60616
  • Utilities Included
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5015 S Champlain
1 to 3 Bedroom Apartments

5015 S Champlain

5015 S Champlain AveChicago, IL 60615
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5236 W Harrison
1 to 3 Bedroom Apartments

5236 W Harrison

5236 W HarrisonChicago, IL 60644
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8056 S Calumet Ave
1 to 2 Bedroom Apartments

8056 S Calumet Ave

8056 S Calumet AveChicago, IL 60619

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

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.

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.