
Cheap Apartments for Rent in Chicago, IL from $400 (2,590 Rentals) Page 48 of 52
Search the lowest-cost Apartments available for rent right now in Chicago.


700 North Austin Blvd

507 Denise Ct

3522-30 Oak Park Ave

801-811 S Euclid Ave

304 E 147th St

1000 N Austin

1022 N. Austin

514 S Austin

Clarence and Van Buren Bldg

432-438 N. Austin Blvd.

7 Van Buren

Salt Creek

425-431 N. Humphrey Ave.

Riverwood Apartment Homes

300 Madison St

Windsor Courts

1729-1745 Sherman Ave

3020 178th St

Oak Lawn Apartments

14122 S School St

112-122 S Maple Ave

400 Scoville

206-214 N Austin Blvd

The Ridgeland Station

422-426 S Taylor Ave

Wendwood Apartments

1710-1716 W Touhy Ave

4848 W 83rd St

Glenview West

944-964 S. Oak Park Avenue

Addison Horizon

996-1012 Main St

930 N Austin Blvd

1416 Central Ave

Riverwalk Senior Residences

14538 S Cottage Grove

905-915 Elmwood

14127 S School St

14138 S School

14101 S Atlantic

Harvey

308 Elizabeth Street

860 Hinman

McLaughlin Apartments

Harvard Terrace Apartments

2402 North New England Avenue

Clinton Court

130 Washington Blvd

Kenton House
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 | $2,042 | $595 | $9,922 |
| Cheap Chicago 1 Bedroom Apartments | $2,471 | $640 | $10,000+ |
| Cheap Chicago 2 Bedroom Apartments | $3,086 | $762 | $10,000+ |
| Cheap Chicago 3 Bedroom Apartments | $3,745 | $883 | $10,000+ |
| Cheap Chicago 4 Bedroom Apartments | $3,979 | $924 | $10,000+ |
| Chicago 5 Bedroom Apartments | $7,932 | $1,995 | $10,000+ |
| Chicago 6 Bedroom Apartments | $6,960 | $6,700 | $7,350 |
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Chicago, IL Area Reviews
Nicole • 4+ years in Chicago
April 10, 2026Big 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 $7,218.
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 2,902 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 $463 which is $6,755 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

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.

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.

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.

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.