Cheap Apartments for Rent in Chicago, IL from $400 (2,736 Rentals) Page 7 of 55

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

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515 W Belmont Ave
$1,295 - $1,750
Total Monthly Price

Total Monthly Price

Base Rent
$1,295 - $1,750
Total Monthly Price
$1,295 - $1,750
Studio Apartment Available Now

515 W Belmont Ave

515 W Belmont AveChicago, IL 60657
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3222 N Karlov Ave, Unit B
$1,295
Total Monthly Price

Total Monthly Price

Base Rent
$1,295
Total Monthly Price
$1,295
1 Bedroom Apartment Available Now

3222 N Karlov Ave, Unit B

3222 N Karlov AveChicago, IL 60641
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4827 N Damen Ave
$1,295 - $1,395
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Total Monthly Price

Base Rent
$1,295 - $1,395
Total Monthly Price
$1,295 - $1,395
Studio Apartment Available Now

4827 N Damen Ave

4827 N Damen AveChicago, IL 60625
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1820 N Humboldt Blvd
$1,295 - $1,695
Total Monthly Price

Total Monthly Price

Base Rent
$1,295 - $1,695
Total Monthly Price
$1,295 - $1,695
Studio to 2 Bedroom Apartment Available Now

1820 N Humboldt Blvd

1820 N Humboldt BlvdChicago, IL 60647
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739 W Belmont Ave
$1,295 - $1,375
Total Monthly Price

Total Monthly Price

Base Rent
$1,295 - $1,375
Total Monthly Price
$1,295 - $1,375
Studio Apartment Available Now

739 W Belmont Ave

739 W Belmont AveChicago, IL 60657
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2530 N Sawyer Ave, Unit S
$1,295
Total Monthly Price

Total Monthly Price

Base Rent
$1,295
Total Monthly Price
$1,295
Studio Apartment Available Now

2530 N Sawyer Ave, Unit S

2530 N Sawyer AveChicago, IL 60647
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3333 W Diversey Ave, Unit S
$1,295
Total Monthly Price

Total Monthly Price

Base Rent
$1,295
Total Monthly Price
$1,295
Studio Apartment Available May 1

3333 W Diversey Ave, Unit S

3333 W Diversey AveChicago, IL 60647
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8010 S Marshfield Ave, Unit 1
$1,300
Total Monthly Price

Total Monthly Price

Base Rent
$1,300
Total Monthly Price
$1,300
2 Bedroom Apartment Available Now

8010 S Marshfield Ave, Unit 1

8010 S Marshfield AveChicago, IL 60620
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Showing Results 301-350, Page 7 of 55

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 $715.

What is the price of a cheap apartment in Chicago?

The cheapest apartment in Chicago is Westhaven Park II - C which is listed at $754, while the average apartment in Chicago costs $7,666.

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 5,594 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 $492 which is $7,174 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 Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.