Cheap Apartments for Rent in Chicago, IL from $400 (2,591 Rentals) Page 45 of 52

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

property at 150 E Lake St

$1,450 - $1,575

1 Bedroom Rentals

Available Aug 1

150 E Lake St

ElmhurstIL60126
property at 9801 Karlov Ave

$1,595

1 Bedroom, 1 Bath Home for Rent

Available Now

9801 Karlov Ave

Oak LawnIL60453
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705 Dodge Ave, Unit 1S
$1,595
Total Monthly Price

Total Monthly Price

Base Rent
$1,595
Total Monthly Price
$1,595
1 Bedroom Apartment Available Aug 1

705 Dodge Ave, Unit 1S

705 Dodge AveEvanston, IL 60202
Affordability
property at 426 Wesley Ave

$1,550 - $1,600

1 Bedroom Rentals

Available Aug 1

426 Wesley Ave

Oak ParkIL60302
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Southmoor Apartments
Studio to 1 Bedroom Apartments

Southmoor Apartments

5946 Hohman AveHammond, IN 46320
  • Utilities Included
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Casa Heritage
Studio to 1 Bedroom Apartments

Casa Heritage

10315 W Palmer AveMelrose Park, IL 60164
  • Utilities Included
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Lawndale Apartments
1 to 2 Bedroom Apartments

Lawndale Apartments

6930 Hohman AveHammond, IN 46324
  • Utilities Included
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117 Buiding
1 Bedroom Apartments

117 Buiding

117 W 144th StRiverdale, IL 60827
  • Utilities Included
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The Maywood Apartments
1 to 2 Bedroom Apartments

The Maywood Apartments

1015-1017 S 4th AveMaywood, IL 60153
  • Utilities Included
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Virginia Apartments
1 to 2 Bedroom Apartments

Virginia Apartments

6905-6915 Magoun AveHammond, IN 46324
  • Utilities Included
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Saxony Town Homes
2 to 4 Bedroom Apartments

Saxony Town Homes

1349 175th StHammond, IN 46324
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Terrace Apartments
1 to 2 Bedroom Apartments

Terrace Apartments

1829 N Broadway AveMelrose Park, IL 60160
  • Utilities Included
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7751-7757 S Oconto Ave
1 Bedroom Apartments

7751-7757 S Oconto Ave

7751-7757 S Oconto AveBridgeview, IL 60455
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Knox Apartments
Studio to 1 Bedroom Apartments

Knox Apartments

15301-15310 S Knox Ave, OakOak Forest, IL 60452
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Showing Results 2201-2250, Page 45 of 52

Chicago, IL Area Reviews

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Nicole • 4+ 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.

decorative image for Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago article

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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

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.