Cheap Apartments for Rent in Chicago, IL from $595 (2,938 Rentals) Page 5 of 59

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

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3824 N Fremont, Unit 52
$1,225
Total Monthly Price

Total Monthly Price

Base Rent
$1,225
Total Monthly Price
$1,225
Studio Apartment Available Now

3824 N Fremont, Unit 52

3824 N FremontChicago, IL 60613
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732 N Troy St
$1,250 - $1,750
Total Monthly Price

Total Monthly Price

Base Rent
$1,250 - $1,750
Total Monthly Price
$1,250 - $1,750
Studio to 3 Bedroom Apartment Available Now

732 N Troy St

732 N Troy StChicago, IL 60612
Furnished
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6131 S Racine Ave, Unit G
$1,250
Total Monthly Price

Total Monthly Price

Base Rent
$1,250
Total Monthly Price
$1,250
3 Bedroom Apartment Available Now

6131 S Racine Ave, Unit G

6131 S Racine AveChicago, IL 60636
Cost Per Sq.Ft.
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property at 73 E 69th St

$1,250 - $1,400

2 Bedroom Rentals

Available Now

73 E 69th St

ChicagoIL60637
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544 W. Melrose
$1,260 - $2,192
Total Monthly Price

Total Monthly Price

Base Rent
$1,260 - $2,192
Total Monthly Price
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Studio to 1 Bedroom Apartments Available Now

544 W. Melrose

544 W Melrose StChicago, IL 60657
Affordability
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632 W. Addison
$1,274 - $3,047
Total Monthly Price

Total Monthly Price

Base Rent
$1,274 - $3,047
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

632 W. Addison

632-644 W Addison StChicago, IL 60613
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Showing Results 201-250, Page 5 of 59

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 $726.

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 $2,323.

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 2,469 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 $448 which is $1,875 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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Articles, How-To's, and Tips

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Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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