
Cheap Studio Apartments for Rent in Chicago, IL from $600 (801 Rentals) Page 11 of 17


4423 N Sheridan Rd

2600 W. Logan Blvd

11214-18 S Indiana

Ivy Dickens

Ashland Avenue Apartments

541 W Briar Pl

Ivy at Carlson

Foswyn

5120 S. Hyde Park Boulevard

5136 S Kimbark Ave

The Bell Shore

4706 N. Beacon Street

6701 N. Glenwood

Artists in Residence I & II

1135 W. Pratt

Gold Coast

2840 N Orchard St

49th Street Apartments

Schubert Square

1412 Chase

2300-02 N. Sheffield Ave. / 1000-12 W. Belden Ave

505 W Belmont Building

Ivy at Sylvan

4407 Wolcott

Kenmore + Irving

Dayton Court Apartments

5907-5909 N Kenmore Ave

5114-5118 South Kimbark Avenue Apartments

1257 W Lunt Ave

7301 N Ridge Blvd

4610 N Hermitage Ave

6752 S Michigan Ave

4720 S Drexel

Woodlawn House Apartments

Briar Apartments

Ivy Gayles

Ivy Kenwood

4130 N Keystone Ave

6930 N Greenview

The North Hotel

4721 S. Ellis Avenue

The Victorian Apartments

The Ambassador

Everett Apartments

The Park Terrace

6938 S Cregier Ave.

3449 N Elaine Pl

660 Wrightwood

Ski School Apartments
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 | $2,032 | $600 | $9,640 |
| Chicago 1 Bedroom Apartments | $2,475 | $700 | $9,987 |
| Chicago 2 Bedroom Apartments | $3,069 | $850 | $10,000+ |
| Chicago 3 Bedroom Apartments | $3,871 | $883 | $10,000+ |
| Chicago 4 Bedroom Apartments | $4,054 | $970 | $10,000+ |
| Chicago 5 Bedroom Apartments | $8,104 | $1,995 | $10,000+ |
| Chicago 6 Bedroom Apartments | $6,309 | $750 | $10,000+ |
Explore Chicago
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 5445 Ingleside By 3L Living which is listed at $684, while the average apartment in Chicago costs $7,399.
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 3,261 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 $508 which is $6,891 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

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.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.