
Cheap Studio Apartments for Rent in Chicago, IL from $550 (881 Rentals) Page 11 of 18


1203 W Balmoral

4831 N Kimball Ave

1016 W Hollywood Ave

4241-4247 N Hermitage Ave

6238-44 S Western Ave Chicago, IL 60636

5402 W Rice St Chicago, IL 60651

7400-7410 S Chappel Ave

2616 N. Hampden Court

The Joseph

Reverend Daniel Alvarez Apartments

8152 S Evans 714-20 E 82nd Chicago, IL 60619

8057-59 S Marshfield Chicago, IL 60620

6306 S Artesian Ave 2435 W 63rd St Chicago, IL 60629

211-17 E 71st Chicago, IL 60619

NOVO Properties - Chicago

7516-7524 N Seeley Ave

5634 N Kenmore Ave

620 W. Surf

6726 N Glenwood Ave

Columbus Tower

9101-9109 S Beverly Ave

The Carolan Apartments

6401-03 S California Ave 2749-57 W 64th St Chicago, IL 60629

1525 W Estes Ave

1807-09 N. Lincoln Park West

301-313 N. Austin Blvd.

7701 S Stewart Ave Chicago, IL 60620

4641 N Paulina St

5820 N Sheridan Rd

4915 S Drexel Apartments

6031 N Kenmore Ave

6956 N Ashland Blvd

7051 S Bennett Ave

10627-33 S. Hale Ave

Catherine Courts

7929 S State St Chicago, IL 60619

549 W. Aldine

815-823 W Bradley Pl

Lakeside 1241

1430 N Dearborn St

7300 Venture Apartments

6910 N Sheridan Rd

1407-1415 W Sherwin Ave

The Max Apartments

1200-06 W. Altgeld St. / 2500-06 N. Racine Ave

5836-46 W Madison St Chicago, IL 60644

Fargo/Campbell

Lunt Apartments

7145-49 S Indiana Ave Chicago, IL 60619
Chicago, IL Local Guide

How much does it cost to rent an apartment in Chicago?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Chicago Studio Apartments | $1,927 | $550 | $6,511 |
| Chicago 1 Bedroom Apartments | $2,430 | $650 | $10,000+ |
| Chicago 2 Bedroom Apartments | $2,941 | $650 | $10,000+ |
| Chicago 3 Bedroom Apartments | $3,782 | $600 | $10,000+ |
| Chicago 4 Bedroom Apartments | $3,267 | $879 | $10,000+ |
| Chicago 5 Bedroom Apartments | $9,353 | $2,400 | $10,000+ |
| Chicago 6 Bedroom Apartments | $15,544 | $850 | $10,000+ |
Explore Chicago
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 6246 S. King Dr. which is listed at $675, while the average apartment in Chicago costs $7,742.
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 5,548 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 $509 which is $7,233 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

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.

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.

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.

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.