
Cheap Studio Apartments for Rent in Chicago, IL from $575 (844 Rentals) Page 11 of 17


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

5836-46 W Madison St Chicago, IL 60644

Fargo/Campbell

7229-33 S Yates Blvd Chicago, IL 60649

Ravenswood Apartments

432 W Belmont Ave

1466 W Argyle St

7145-49 S Indiana Ave Chicago, IL 60619

Lunt Apartments

732 Bittersweet Apartments

536 W Arlington Pl

The Stanley

Cornelia

744 W Gordon Ter

Granville Place

The Columbian

4518-4528 N Damen Ave

4700 N Racine Ave

839 W. Sheridan

Ivy Dorchester

4801 North Ravenswood

1016 W Balmoral Ave

5948 W Superior Chicago, IL 60644

7929 S State St Chicago, IL 60619

536 W. Grant

The Annabelle Apartments

5433 N Kenmore Ave

Linder/Lawrence Apartments

Blackstone Court

4625-35 N. Winchester Ave.

1632 W. Belmont

5250 N Sheridan Rd

Mclean 2021 W

Ivy Tower

1320 W Columbia Ave

801-05 E Drexel Square Chicago, IL 60615

5552 N. Lakewood

4720-4730 W Addison St

The Ella Apartments

Ivy Villas

The Wilson Malden

Paul G Stewart Center

Ivy at Shelbyrne

6011 N Kenmore St

6818 N Wayne Ave

3831 N Fremont

6110 N Kenmore Ave

Ivy at Fairfax

4423 N Sheridan Rd
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 | $1,963 | $575 | $7,500 |
| Chicago 1 Bedroom Apartments | $2,432 | $650 | $10,000+ |
| Chicago 2 Bedroom Apartments | $2,972 | $850 | $10,000+ |
| Chicago 3 Bedroom Apartments | $3,697 | $740 | $10,000+ |
| Chicago 4 Bedroom Apartments | $3,998 | $675 | $10,000+ |
| Chicago 5 Bedroom Apartments | $8,856 | $2,400 | $10,000+ |
| Chicago 6 Bedroom Apartments | $16,948 | $2,925 | $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 $710.
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 $7,545.
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 5,711 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 $502 which is $7,043 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

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.